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Property profile & analytics
OFF-MARKET
Estimated value
$15,135,000
Warehouses
1605 Zeager Rd, Elizabethtown, PA 17022-8702
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-4397798
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2016
Construction
CONCRETE
Total area
165,600 SF
Lot
19.17 ac (835,045 SF)
APN
160-47710-0-0000
UPID
US73-4397798
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
$9.90M
Blend (final)
Blend
$15.14M
Owner & transaction history
Big Box Zeager B LLC · 8 yrs held
Big Box Zeager B LLC
since 2017
6 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$21,035,000
Current use
Blend value · Realmo final
$15.14M
Range $13.62M – $16.65M · ±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
$91 / 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
$231,823
Tax year 2024
Assessed value
$9,708,600
Assessed 2024
Previous assessed
$9,708,600
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$1,084,600
Assessed improvement
$8,624,000
Land market value
$1,084,600
Improvement market value
$8,624,000
Total market value
$9,708,600
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
165,600 SF
Lot
19.17 ac (835,045 SF)
APN
160-47710-0-0000
UPID
US73-4397798
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
$21.0M
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
2016
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
19.17 ac
Current owner
From public records · entity-resolved
Big Box Zeager B LLC
Entity
Mailing address
5 RADNOR CORPORATE CTR STE #250, RADNOR, PA 19087-4542
Ownership since
2017
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 5, 2024
—
Big Box Zeager B LLC
—
Deed
related
$763,000 · New York Life Insurance Company
Jan 19, 2021
—
Big Box Zeager B LLC
—
Deed
related
$909,837 · Tiaa Fsb Holdings INC
Jul 2, 2020
—
Big Box Zeager B LLC
—
Deed
related
$8,395,000 · Webster Bk NA
Jul 26, 2017
$13,202,000
Big Box Zeager B LLC
Exeter 1499 Zeager LP
Special Warranty Deed
$7,075,000 · Webster Bank NA
Jun 23, 2016
—
Exeter 1499 Zeager LP
—
Deed
related
$7,075,000 · Webster Bank NA
—
—
Big Box Zeager B LLC
—
Loan Modification
related
$8,395,000 · Webster Bk 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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