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Property profile & analytics
OFF-MARKET
Estimated value
$7,915,000
Automotive properties
187 Merts Dr Elizabethtown, PA 17022-8803
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-5253900
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1978
Construction
STEEL FRAME
Total area
71,504 SF
Lot
7.4 ac (322,344 SF)
Zoning code
I-1
APN
460-78421-0-0000
UPID
US73-5253900
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
$7.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.90M
Blend (final)
Blend
$7.92M
Owner & transaction history
Pa Merts LLC · 1 yrs held
Pa Merts LLC
since 2024
Last sale
$7.9M
6 recorded transactions
Zoning & alternative use
I-1 · Elizabethtown, PA
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
$7,915,000
ML approach
$7,915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$11,905,000
Current use
COMMERCIAL (GENERAL)
$11,435,000
Change: -4% · Conversion: Moderate
RETAIL STORES
$11,385,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$7.92M
Range $7.12M – $8.71M · ±10% · vs last sale $7.91M (Sep 5 2024)
Last sale anchor
$7.91M
Sep 5 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
$111 / 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
$69,698
Tax year 2024
Assessed value
$2,752,900
Assessed 2024
Previous assessed
$2,752,900
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$844,000
Assessed improvement
$1,908,900
Land market value
$844,000
Improvement market value
$1,908,900
Total market value
$2,752,900
Applied tax rate
460.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
GRAVITY
Stories
1
Total area
71,504 SF
Lot
7.4 ac (322,344 SF)
Zoning code
I-1
APN
460-78421-0-0000
UPID
US73-5253900
Jurisdiction
LANCASTER
Zoning & alternative use
I-1 · Elizabethtown, PA
Zoning I-1 · permitted uses
I-1 · 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
AUTO REPAIR, GARAGE Current
Est. value
$11.9M
COMMERCIAL (GENERAL)
Est. value
$11.4M
RETAIL STORES
Est. value
$11.4M
AUTO REPAIR, GARAGE Current
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
1978
Construction
STEEL FRAME
Heating
GRAVITY
Stories
1
Lot
7.4 ac
Current owner
From public records · entity-resolved
Pa Merts LLC
Entity
Mailing address
25000 ASSEMBLY PARK DR, WIXOM, MI 48393-0019
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
Sep 5, 2024
—
Pa Merts LLC
Pa Merts LLC
Intrafamily Transfer
related
—
May 23, 2022
$7,912,500
Pa Merts LLC
Rm & Km Real Estate LP
Deed
—
Mar 15, 2013
—
Rm LP
—
Trustees Deed
related
$960,000 · Susquehanna Bank
Dec 3, 2009
—
Rm Estate
Rm & Km Real Estate
Quit Claim Deed
—
—
—
Rm LP
—
Deed Of Trust
related
$800,000 · Susquehanna Bank
—
—
Kenneth Messick
—
Deed Of Trust
related
$800,000 · Susquehanna Bank
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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