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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Retail space
17 Market St Elizabethtown, PA 17022-2389
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-2588636
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
FRAME
Total area
2,772 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CBD
APN
250-48806-0-0000
UPID
US73-2588636
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
$740k
CAP Approach
CAP
$500k
Comparable Approach
Comparable
$473k
Blend (final)
Blend
$595k
Owner & transaction history
Market St Re LLC · 5 yrs held
Market St Re LLC
since 2021
Last sale
$575,000
3 recorded transactions
Zoning & alternative use
CBD · Elizabethtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$560,000
+26.6%
Auto repair, garage
$460,000
+4.6%
Commercial (general)
$445,000
+0.4%
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
$700,000
ML approach
$740,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
RETAIL STORES
$440,000
Current use
MEDICAL BUILDING
$560,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$460,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$445,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $575k (Jun 7 2021)
Last sale anchor
$575k
Jun 7 2021
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
$215 / 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
$4,790
Tax year 2024
Assessed value
$170,600
Assessed 2024
Previous assessed
$170,600
+0.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$59,400
Assessed improvement
$111,200
Land market value
$59,400
Improvement market value
$111,200
Total market value
$170,600
Applied tax rate
250.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
ELECTRIC
Stories
2
Units
3
Total area
2,772 SF
Lot
0.1 ac (4,356 SF)
Zoning code
CBD
APN
250-48806-0-0000
UPID
US73-2588636
Jurisdiction
LANCASTER
Zoning & alternative use
CBD · Elizabethtown, PA
Zoning CBD · permitted uses
CBD · 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
$440,000
MEDICAL BUILDING
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$460,000
COMMERCIAL (GENERAL)
Est. value
$445,000
RETAIL STORES Current
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
1900
Construction
FRAME
Heating
ELECTRIC
Stories
2
Units
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
Market St Re LLC
Entity
Mailing address
PO BOX 66, SMOKETOWN, PA 17576-0066
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2021
—
Market St Re LLC
—
Deed
related
$464,000 · Belco Community Cu
Jun 7, 2021
$575,000
Market St Re LLC
Louis J Ulrich III
Deed
$431,250 · Madison Endeavors LLC
Feb 17, 2006
—
Louis J Ulrich III
Ulrich,louis J JR
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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