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Property profile & analytics
OFF-MARKET
Estimated value
$11,120,000
Grocery and convenience stores
1278 Market St Elizabethtown, PA 17022-2843
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-5897344
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,277 SF
Lot
6.7 ac (291,852 SF)
Zoning code
C
APN
160-60744-0-0000
UPID
US73-5897344
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
$10.95M
CAP Approach
CAP
$10.73M
Comparable Approach
Comparable
$8.73M
Blend (final)
Blend
$11.12M
Owner & transaction history
Dwight Wagner Family LP II · 4 yrs held
Dwight Wagner Family LP II
since 2022
Last sale
$11.4M
6 recorded transactions
Zoning & alternative use
C · Elizabethtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.0M
+27.3%
Medical building
$11.9M
+26.6%
Auto repair, garage
$9.9M
+4.6%
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
$13,680,000
ML approach
$10,950,000
CAP Approach
CAP Return
Estimation
6%
$11,625,000
6.5%
$10,730,000
7%
$9,965,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,435,000
Current use
RESTAURANT
$12,010,000
Change: +27% · Conversion: Easy
MEDICAL BUILDING
$11,945,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,870,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,480,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$11.12M
Range $10.01M – $12.23M · ±10% · vs last sale $11.40M (Jan 28 2022)
Last sale anchor
$11.40M
Jan 28 2022
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
$188 / 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
$75,238
Tax year 2024
Assessed value
$3,150,900
Assessed 2024
Previous assessed
$3,150,900
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$551,000
Assessed improvement
$2,599,900
Land market value
$551,000
Improvement market value
$2,599,900
Total market value
$3,150,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Stories
1
Total area
59,277 SF
Lot
6.7 ac (291,852 SF)
Zoning code
C
APN
160-60744-0-0000
UPID
US73-5897344
Jurisdiction
LANCASTER
Zoning & alternative use
C · Elizabethtown, PA
Zoning C · permitted uses
C · Elizabethtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elizabethtown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.4M
RESTAURANT
Est. value
$12.0M
MEDICAL BUILDING
Est. value
$11.9M
AUTO REPAIR, GARAGE
Est. value
$9.9M
COMMERCIAL (GENERAL)
Est. value
$9.5M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
6.7 ac
Current owner
From public records · entity-resolved
Dwight Wagner Family LP II
Entity
Mailing address
1650 CROOKED OAK DR STE #310, LANCASTER, PA 17601-4279
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2022
—
Dwight Wagner Family LP II
—
Deed
related
$5,000,000 · Mid Penn Bank
Jan 28, 2022
$11,400,000
Dwight Wagner Family LP II
Gibson III LLC
Deed
$3,600,000 · Mid Penn Bank
Nov 18, 2021
—
Gibson III LLC
—
Deed
related
$5,870,000 · Mid Penn Bank
Dec 9, 2020
$7,338,000
Gibson III LLC
First City Donegal Partners LP
Special Warranty Deed
$5,870,000 · Mid Penn Bank
Sep 3, 2008
$304,114
First City Donegal Partners LP
Donegal Realty Associates
Deed
$1,000,000 · Tristate Capital Bank
May 2, 2003
$1,250,000
Donegal Realty Associates
Lancaster Industrial Dev
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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