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Property profile & analytics
OFF-MARKET
Estimated value
$47,715,000
Office Spaces
Hempland Rd Columbia, PA 17512
Individually Owned
6-yr Hold
Free & Clear
Property ID
US73-5466269
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1994
Construction
STEEL FRAME
Total area
243,960 SF
Lot
39.27 ac (1,710,601 SF)
APN
300-12576-0-0000
UPID
US73-5466269
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
$46.62M
Comparable Approach
Comparable
$46.41M
Blend (final)
Blend
$47.72M
Owner & transaction history
Art Mtg Borrower Propco 2010-5 · 6 yrs held
Art Mtg Borrower Propco 2010-5
since 2020
3 recorded transactions
Zoning & alternative use
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 Columbia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbia 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%
$50,500,000
6.5%
$46,615,000
7%
$43,285,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$59,580,000
Current use
RESTAURANT
$49,440,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$49,155,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$47.72M
Range $42.94M – $52.49M · ±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
$196 / 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
$1,106,311
Tax year 2024
Assessed value
$49,059,700
Assessed 2024
Previous assessed
$8,534,700
+474.8% YoY
Effective rate
2.26%
On assessed value
Assessed land
$2,817,200
Assessed improvement
$46,242,500
Land market value
$2,817,200
Improvement market value
$46,242,500
Total market value
$49,059,700
Applied tax rate
300.0000
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
1994
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Total area
243,960 SF
Lot
39.27 ac (1,710,601 SF)
APN
300-12576-0-0000
UPID
US73-5466269
Jurisdiction
LANCASTER
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
$59.6M
RESTAURANT
Est. value
$49.4M
MEDICAL BUILDING
Est. value
$49.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
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
1994
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Lot
39.27 ac
Current owner
From public records · entity-resolved
Art Mtg Borrower Propco 2010-5
Individual
Free & Clear · 6 yrs held
Mailing address
10 GLENLAKE PKWY, ATLANTA, GA 30328-3495
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2020
—
Art Mtg Borrower Propco 2010-5
Art Mtg Borrower Propco 2010-5
Quit Claim Deed
related
—
Feb 2, 2011
$17,750,000
Art Mtg Borrower Propco 2010-5
Versacold USA INC
Grant Deed
related
$600,000,000 · Americold Mfl 2010 LLC
Feb 27, 2008
—
Atlas Cold Storage America LLC
—
Grant Deed
related
$111,660,314 · Straumur-burdaras Inv Bk Hf
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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