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Property profile & analytics
OFF-MARKET
Estimated value
$21,420,000
Warehouses
1499 Zeager Rd, Elizabethtown, PA 17022-8736
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-4293919
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
CONCRETE
Total area
260,496 SF
Lot
33.78 ac (1,471,457 SF)
APN
160-59655-0-0000
UPID
US73-4293919
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
$27.11M
Comparable Approach
Comparable
$16.29M
Blend (final)
Blend
$21.42M
Owner & transaction history
Caribou 1499 Zeager Road LLC · 3 yrs held
Caribou 1499 Zeager Road LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$29,360,000
6.5%
$27,105,000
7%
$25,165,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$33,090,000
Current use
Blend value · Realmo final
$21.42M
Range $19.28M – $23.56M · ±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
$82 / 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
$381,204
Tax year 2024
Assessed value
$15,964,600
Assessed 2024
Previous assessed
$15,964,600
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$1,857,100
Assessed improvement
$14,107,500
Land market value
$1,857,100
Improvement market value
$14,107,500
Total market value
$15,964,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
260,496 SF
Lot
33.78 ac (1,471,457 SF)
APN
160-59655-0-0000
UPID
US73-4293919
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
$33.1M
WAREHOUSE, STORAGE Current
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
1991
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
33.78 ac
Current owner
From public records · entity-resolved
Caribou 1499 Zeager Road LLC
Entity
Mailing address
WAYNE, PA 19087
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2022
—
Caribou 1499 Zeager Road LLC
—
Deed
related
$705,600,000 · New York Life Insurance Company
Sep 13, 2022
—
Caribou 1499 Zeager Road LLC
Big Box Property Owner D LLC
Deed
—
Jan 20, 2021
—
Big Box Property Owner D LLC
—
Deed
related
$294,000,000 · Prudential Insurance Of America
Sep 5, 2012
—
Exeter 1499 Zeager LP
—
Grant Deed
related
$78,100,000 · Canadian Imperial Bk/commerc
Apr 23, 2012
$13,078,789
Exeter 1499 Zeager LP
Zeager Road LLC
Grant Deed
—
May 7, 2007
—
Bushong Property Mgmt LLC
—
Grant Deed
related
$10,582,000 · Fulton Bk
Jun 23, 2005
$11,550,000
Bushong Property Management LLC
Tyson Real Estate Group LLP
Deed
$8,100,000 · Fulton Bank
—
—
Bushong Property Mgmt LLC
—
Deed Of Trust
related
$3,550,000 · Fulton Bk
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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