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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Manufacturing properties
935 Chestnut St Gap, PA 17527-9790
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-5836262
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,400 SF
Lot
0.96 ac (41,818 SF)
Zoning code
R-1
APN
560-27400-0-0000
UPID
US73-5836262
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
$805k
Comparable Approach
Comparable
$421k
Blend (final)
Blend
$640k
Owner & transaction history
Lothar Hummerich · 7 yrs held
Lothar Hummerich
since 2018
7 recorded transactions
Zoning & alternative use
R-1 · Gap, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Gap submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gap 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%
$875,000
6.5%
$805,000
7%
$750,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$910,000
Current use
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$68 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,727
Tax year 2024
Assessed value
$454,300
Assessed 2024
Previous assessed
$454,300
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$75,000
Assessed improvement
$379,300
Land market value
$75,000
Improvement market value
$379,300
Total market value
$454,300
Applied tax rate
560.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
1
Rooms
6
Bathrooms
2
Total area
9,400 SF
Lot
0.96 ac (41,818 SF)
Zoning code
R-1
APN
560-27400-0-0000
UPID
US73-5836262
Jurisdiction
LANCASTER
Zoning & alternative use
R-1 · Gap, PAZoning R-1 · permitted uses
R-1 · Gap, PA
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
INDUSTRIAL (GENERAL) Current
Est. value
$910,000
INDUSTRIAL (GENERAL) Current
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Rooms
6
Bathrooms
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
Lothar Hummerich
Individual
Mailing address
3820 S BLACKHORSE RD, PARKESBURG, PA 19365-1722
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2018
$375,000
Lothar Hummerich
Ironstone Holdings LLC
Grant Deed
—
Mar 13, 2017
$300,000
Ironstone Holdings LLC
Clearview Invs Ltd
Grant Deed
—
Feb 18, 2004
$500,000
Clearview Investments LP
Esh,david S & Elsie R
Grant Deed
$400,000 · Ephrata National Bank
—
—
Clearview Investments LP
—
Deed Of Trust
related
$415,000 · Jonestown Bk&tr Co/jonestown
—
—
Clearview Investments LP
—
Deed Of Trust
related
$400,000 · Northwest Savings Bank
—
—
David S Esh
—
Deed Of Trust
related
$203,223 · Fulton Bank
—
—
David S Esh
—
Deed Of Trust
related
$203,223 · Bank Of Lancaster County NA
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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