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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Office Spaces
901 Spg Gdn Dr Middletown, PA 17057-3261
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-2844486
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1998
Construction
FRAME
Total area
8,600 SF
Lot
3.37 ac (146,797 SF)
APN
36-009-075
UPID
US73-2844486
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.29M
Owner & transaction history
Spring Garden LLC · 9 yrs held
Spring Garden LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+70.3%
Auto repair, garage
$1.4M
+67.2%
Retail stores
$1.3M
+49.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,740,000
6.5%
$1,610,000
7%
$1,495,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$835,000
Current use
MEDICAL BUILDING
$1,425,000
Change: +70% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,400,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$1,250,000
Change: +49% · Conversion: Easy
RESTAURANT
$1,215,000
Change: +45% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$900,000
Change: +8% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$795,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$150 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,805
Tax year 2023
Assessed value
$801,400
Assessed 2024
Previous assessed
$801,400
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$58,200
Assessed improvement
$743,200
Land market value
$58,200
Improvement market value
$743,200
Total market value
$801,400
Applied tax rate
36.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
8,600 SF
Lot
3.37 ac (146,797 SF)
APN
36-009-075
UPID
US73-2844486
Jurisdiction
DAUPHIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$835,000
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$900,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$795,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
3.37 ac
Current owner
From public records · entity-resolved
Spring Garden LLC
Entity
Mailing address
903 SPG GDN DR, MIDDLETOWN, PA 17057-3261
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
—
Spring Garden LLC
—
Deed
related
$125,000 · Mid Penn Bank
Dec 23, 2019
—
Spring Garden LLC
—
Deed
related
$150,000 · Mid Penn Bank
May 18, 2017
$650,000
Spring Garden LLC
Riley,clarence A & Cynthia K
Grant Deed
$1,220,000 · Farmers & Merchants Tr/chamber
Sep 9, 2005
—
Clarence A Riley
Riley,clarence A & Cynthia K
Quit Claim Deed
related
—
—
—
Clarence A Riley
—
Deed Of Trust
related
$100,000 · Mid Penn Bank
—
—
Clarence A Riley
—
Deed Of Trust
related
$160,000 · Mid Penn Bank
—
—
Commonwealth Caterers INC
—
Loan Modification
related
$986,000 · Mid Penn Bank
—
—
Clarence A Riley
—
Deed Of Trust
related
$260,000 · Mid Penn Bank
—
—
Clarence A Riley
—
Deed Of Trust
related
$90,000 · Mid Penn Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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