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Property profile & analytics
OFF-MARKET
Estimated value
$3,050,000
Manufacturing properties
11 Blackhawk Ln Elizabethtown, PA 17022-8704
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0312003
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2001
Construction
STEEL FRAME
Total area
29,580 SF
Lot
8.57 ac (373,309 SF)
Zoning code
I
APN
160-76103-0-0000
UPID
US73-0312003
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
$3.64M
CAP Approach
CAP
$2.54M
Comparable Approach
Comparable
$3.78M
Blend (final)
Blend
$3.05M
Owner & transaction history
Blackhawk Ventures LLC · 3 yrs held
Blackhawk Ventures LLC
since 2023
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
I · Elizabethtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+71.6%
Commercial (general)
$4.7M
+64.7%
Retail stores
$4.7M
+64.0%
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 Elizabethtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabethtown 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
$3,275,000
ML approach
$3,640,000
CAP Approach
CAP Return
Estimation
6%
$2,745,000
6.5%
$2,535,000
7%
$2,355,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,870,000
Current use
AUTO REPAIR, GARAGE
$4,925,000
Change: +72% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,730,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$4,710,000
Change: +64% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,760,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$3.05M
Range $2.75M – $3.36M · ±10% · vs last sale $3.00M (May 1 2023)
Last sale anchor
$3.00M
May 1 2023
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
$103 / 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
$37,341
Tax year 2024
Assessed value
$1,563,800
Assessed 2024
Previous assessed
$1,563,800
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$269,200
Assessed improvement
$1,294,600
Land market value
$269,200
Improvement market value
$1,294,600
Total market value
$1,563,800
Applied tax rate
160.0000
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
2001
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
29,580 SF
Lot
8.57 ac (373,309 SF)
Zoning code
I
APN
160-76103-0-0000
UPID
US73-0312003
Jurisdiction
LANCASTER
Zoning & alternative use
I · Elizabethtown, PAZoning I · permitted uses
I · Elizabethtown, 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
$2.9M
AUTO REPAIR, GARAGE
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.7M
RETAIL STORES
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$3.8M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
2001
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
8.57 ac
Current owner
From public records · entity-resolved
Blackhawk Ventures LLC
Entity
Mailing address
170 NEW HVN ST, MOUNT JOY, PA 17552-2226
Ownership since
2023
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
May 1, 2023
$3,000,000
Blackhawk Ventures LLC
Melcon Investments INC
Deed
—
Feb 16, 2018
$1,650,000
Melcon Investments INC
Todd A Librandi
Special Warranty Deed
$1,237,500 · Pnc Bank NA
Feb 24, 2011
—
Todd A Librandi
—
Trustees Deed
related
$35,000 · Union National Community Bank
Apr 9, 2010
—
Todd A Librandi
—
Trustees Deed
related
$65,143 · Union National Community Bank
Jun 8, 2009
$1,295,000
Todd A Librandi
Bieber,thomas E & Paula K
Grant Deed
$1,295,000 · Union National Community Bank
Jul 17, 2001
$193,500
Thomas E Bieber
Conewago Industrial Park Assoc
Grant Deed
$570,400 · Pnc Bank
—
—
Thomas E Bieber
—
Deed Of Trust
related
$300,000 · Union National Community Bank
—
—
Thomas E Bieber
—
Deed Of Trust
related
$712,000 · Union National Community Bank
—
—
Thomas E Bieber
—
Deed Of Trust
related
$1,268,000 · Union National Community Bank
—
—
Thomas E Bieber
—
Deed Of Trust
related
$736,000 · Commerce Bank Harrisburg NA
—
—
Thomas E Bieber
—
Deed Of Trust
related
$430,000 · Commerce Bank 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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