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Property profile & analytics
OFF-MARKET
Estimated value
$7,615,000
Distribution centers
1405 Zeager Rd, Elizabethtown, PA 17022-8756
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-4997640
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2019
Total area
71,550 SF
Lot
7.05 ac (307,098 SF)
APN
160-70885-0-0000
UPID
US73-4997640
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
$7.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.62M
Owner & transaction history
Dg 1405 Zeager Pa Property Owner LP · 1 yrs held
Dg 1405 Zeager Pa Property Owner LP
since 2024
Last sale
$7.6M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.9M
+31.1%
Commercial (general)
$11.4M
+25.9%
Retail stores
$11.4M
+25.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,065,000
6.5%
$7,445,000
7%
$6,915,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,090,000
Current use
AUTO REPAIR, GARAGE
$11,915,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$11,440,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$11,390,000
Change: +25% · Conversion: Moderate
Blend value · Realmo final
$7.62M
Range $6.85M – $8.38M · ±10% · vs last sale $7.60M (Dec 20 2024)
Last sale anchor
$7.60M
Dec 20 2024
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
$106 / 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
$102,466
Tax year 2024
Assessed value
$4,291,200
Assessed 2024
Previous assessed
$4,291,200
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$379,400
Assessed improvement
$3,911,800
Land market value
$379,400
Improvement market value
$3,911,800
Total market value
$4,291,200
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2019
Heating
HEAT PUMP
Total area
71,550 SF
Lot
7.05 ac (307,098 SF)
APN
160-70885-0-0000
UPID
US73-4997640
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
WAREHOUSE, STORAGE Current
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$11.9M
COMMERCIAL (GENERAL)
Est. value
$11.4M
RETAIL STORES
Est. value
$11.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2019
Heating
HEAT PUMP
Lot
7.05 ac
Current owner
From public records · entity-resolved
Dg 1405 Zeager Pa Property Owner LP
Entity
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2024
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
Dec 20, 2024
$7,595,424
Dg 1405 Zeager Pa Property Owner LP
Bcore Defender Paiw06 W07 LLC
Deed
$287,924,100 · Areit Trs Lender LLC
Dec 27, 2021
—
Bcore Defender Pal W06 W07 LLC
Bcore Defender Pal W06 W07 LLC
Intrafamily Transfer
related
—
May 13, 2021
—
Civf V Paiw06 W07 LLC
Zeager Roai Industrial LLC
Deed
—
May 8, 2020
—
Zeager Road Industrial LLC
—
Deed
related
$9,350,000 · Bbva USA
May 16, 2019
$3,000,000
Zeager Road Industrial LLC
Yarrum LP
Grant Deed
—
Mar 10, 2017
—
Yarrum LP
Yarrum LP
Quit Claim Deed
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.
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