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Property profile & analytics
OFF-MARKET
Estimated value
$12,615,000
Retail properties & Spaces
Shrewsbury Cmns Ave New Freedom, PA 17349
Individually Owned
7-yr Hold
Free & Clear
Property ID
US73-1781917
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1997
Total area
156,412 SF
Lot
22.08 ac (961,805 SF)
Zoning code
C
APN
45-000-CJ-0037.00-00000
UPID
US73-1781917
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
$11.54M
Blend (final)
Blend
$12.62M
Owner & transaction history
Commonwealth Of Pa · 7 yrs held
Commonwealth Of Pa
since 2018
1 recorded transaction
Zoning & alternative use
C · New Freedom, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.6M
+55.9%
Medical building
$17.2M
+44.1%
Auto repair, garage
$16.0M
+34.2%
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 New Freedom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Freedom 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
RETAIL STORES
$11,945,000
Current use
RESTAURANT
$18,620,000
Change: +56% · Conversion: Easy
MEDICAL BUILDING
$17,205,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,025,000
Change: +34% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,990,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,120,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$12,745,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$12.62M
Range $11.35M – $13.88M · ±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
$81 / 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
$194,273
Tax year 2024
Assessed value
$7,226,340
Assessed 2024
Previous assessed
$7,226,340
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$1,329,520
Assessed improvement
$5,896,820
Land market value
$1,329,520
Improvement market value
$5,896,820
Total market value
$7,226,340
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
CENTRAL
Total area
156,412 SF
Lot
22.08 ac (961,805 SF)
Zoning code
C
APN
45-000-CJ-0037.00-00000
UPID
US73-1781917
Jurisdiction
YORK
Zoning & alternative use
C · New Freedom, PA
Zoning C · permitted uses
C · New Freedom, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Freedom. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$11.9M
RESTAURANT
Est. value
$18.6M
MEDICAL BUILDING
Est. value
$17.2M
AUTO REPAIR, GARAGE
Est. value
$16.0M
WAREHOUSE, STORAGE
Est. value
$14.0M
COMMERCIAL (GENERAL)
Est. value
$13.1M
OFFICE BUILDING
Est. value
$12.7M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1997
Heating
FORCED AIR
Cooling
Yes
Lot
22.08 ac
Current owner
From public records · entity-resolved
Commonwealth Of Pa
Individual
Free & Clear · 7 yrs held
Mailing address
PO BOX 8050MS0555, BENTONVILLE, AR 72712
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2018
$986,000
Commonwealth Of Pa
Shrewsbury Commons LP
Grant Deed
—
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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