New search
Property profile & analytics
OFF-MARKET
Estimated value
$66,885,000
Race tracks
Mtn Rd, Grantville, PA 17028
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US73-4387749
Property profile
Verified
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Year built
2008
Construction
STEEL FRAME
Total area
1,069,414 SF
Lot
195.23 ac (8,504,219 SF)
APN
25-005-010
UPID
US73-4387749
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$66.89M
Owner & transaction history
Penn National Gaming INC · 12 yrs held
Penn National Gaming INC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$105.1M
+10.3%
Auto repair, garage
$103.7M
+8.8%
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 Grantville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grantville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$95,305,000
Current use
RESTAURANT
$105,135,000
Change: +10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$103,670,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$93,790,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$91,925,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$80,835,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$80,130,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$66.89M
Range $60.20M – $73.57M · ±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
$63 / 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
$4,433,933
Tax year 2023
Assessed value
$166,965,400
Assessed 2024
Previous assessed
$166,965,400
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$12,586,500
Assessed improvement
$154,378,900
Land market value
$12,586,500
Improvement market value
$154,378,900
Total market value
$166,965,400
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
8
Stories
1
Total area
1,069,414 SF
Lot
195.23 ac (8,504,219 SF)
APN
25-005-010
UPID
US73-4387749
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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$95.3M
RESTAURANT
Est. value
$105.1M
AUTO REPAIR, GARAGE
Est. value
$103.7M
RETAIL STORES
Est. value
$93.8M
MEDICAL BUILDING
Est. value
$91.9M
COMMERCIAL (GENERAL)
Est. value
$80.8M
OFFICE BUILDING
Est. value
$80.1M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE 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
2008
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
8
Lot
195.23 ac
Current owner
From public records · entity-resolved
Penn National Gaming INC
Entity
Mailing address
PO BOX 33773, CHARLOTTE, NC 28233-3773
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
—
Penn Tenant LLC
—
Deed
related
$2,536,424 · Bank Of America NA
Dec 27, 2018
—
Penn Tenant LLC
—
Loan Modification
related
—
Apr 27, 2017
—
Penn Tenant LLC
—
Deed
related
—
Oct 30, 2013
—
Penn National Gaming INC
Penn National Turf Club LLC
Quit Claim Deed
related
—
Oct 30, 2013
$250,445,800
Glp Capital LP
Gaming & Leisure Props INC
Grant Deed
related
—
Oct 30, 2013
$2,367,223
Gaming & Leisure Props INC
Penn National Gaming INC
Grant Deed
related
—
Nov 9, 2009
—
Natl Turf Club I Pennsylvania
—
Deed Of Trust
related
$25,000,000 · Deutsche Bank Trust Co America
—
—
Penn Tenant LLC
—
Deed Of Trust
related
$1,250,000,000 · Bank Of America
—
—
Natl Turf Club I Pennsylvania
—
Deed Of Trust
related
—
—
—
Penn Tenant LLC
—
Loan Modification
related
$1,500,000,000 · Bank Of America
—
—
Penn Tenant LLC
—
Loan Modification
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Mtn Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
