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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Office Spaces
197 Bossler Rd Elizabethtown, PA 17022-9783
Entity Owned
4-yr Hold
Free & Clear
Property ID
US73-0332936
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1984
Construction
FRAME
Total area
3,192 SF
Lot
59.5 ac (2,591,820 SF)
Zoning code
R-2
APN
160-81852-0-0000
UPID
US73-0332936
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
$924k
Blend (final)
Blend
$1.44M
Owner & transaction history
Pierson Rheems Limited Liability Co · 4 yrs held
Pierson Rheems Limited Liability Co
since 2021
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
R-2 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $1.45M (Dec 6 2021)
Last sale anchor
$1.45M
Dec 6 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
$450 / 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
$27,140
Tax year 2024
Assessed value
$1,136,600
Assessed 2024
Previous assessed
$1,136,600
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$678,800
Assessed improvement
$457,800
Land market value
$678,800
Improvement market value
$457,800
Total market value
$1,136,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1984
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
2
Stories
2
Rooms
8
Bathrooms
4
Total area
3,192 SF
Lot
59.5 ac (2,591,820 SF)
Zoning code
R-2
APN
160-81852-0-0000
UPID
US73-0332936
Jurisdiction
LANCASTER
Zoning & alternative use
R-2 · Elizabethtown, PAZoning R-2 · permitted uses
R-2 · Elizabethtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
2
Rooms
8
Bathrooms
4
Lot
59.5 ac
Current owner
From public records · entity-resolved
Pierson Rheems Limited Liability Co
Entity
Free & Clear · 4 yrs held
Mailing address
426 SWEDESBORO RD, PILESGROVE, NJ 08098-2534
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2021
—
Pierson Rheems Limited Liability Co
Michael K Pierson
Intrafamily Transfer
related
—
Jul 10, 2013
$1,450,000
Michael K Pierson
Cyagra LLC
Grant Deed
$1,160,000 · Farm Credit East Aca
May 7, 2001
$850,000
Cyagra LLC
Technical Management Services
Grant Deed
$850,000 · 1031 Exchange LLC
—
—
Technical Management Services
—
Deed Of Trust
related
$250,000 · Union National Community 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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