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Property profile & analytics
OFF-MARKET
Estimated value
$2,010,000
Office Spaces
2202 Market St Elizabethtown, PA 17022-9610
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-1560173
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1981
Construction
STEEL FRAME
Total area
12,200 SF
Lot
4.7 ac (204,732 SF)
Zoning code
LI
APN
460-51134-0-0000
UPID
US73-1560173
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
$2.33M
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$2.01M
Owner & transaction history
2202 S Market St Associates LP · 7 yrs held
2202 S Market St Associates LP
since 2018
3 recorded transactions
Zoning & alternative use
LI · Elizabethtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 1007 Outside Storage and Display. § 1008 Height Regulations. § 1009 Lot Area, Lot Width and Impervious Coverage Regulations. § 1010 Setback Regulations. § 1011 Off-street Parking/Access and Loading/Unloading. Part 11 LI LIGHT INDUSTRIAL DISTRICT § 1101 Intended Purpose. § 1102 Permitted Uses. § 1103 Permitted Secondary Uses. § 1104 Special Exceptions. § 11…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
26.34 ac
Top alternative use upside
Restaurant
$2.5M
+26.7%
Medical building
$2.5M
+26.0%
Auto repair, garage
$2.0M
+4.2%
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%
$2,525,000
6.5%
$2,330,000
7%
$2,165,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,950,000
Current use
RESTAURANT
$2,470,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$2,460,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,030,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$1,940,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$2.01M
Range $1.81M – $2.21M · ±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
$165 / 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
$21,900
Tax year 2024
Assessed value
$865,000
Assessed 2024
Previous assessed
$865,000
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$260,000
Assessed improvement
$605,000
Land market value
$260,000
Improvement market value
$605,000
Total market value
$865,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
12,200 SF
Lot
4.7 ac (204,732 SF)
Zoning code
LI
APN
460-51134-0-0000
UPID
US73-1560173
Jurisdiction
LANCASTER
Zoning & alternative use
LI · Elizabethtown, PAZoning LI · permitted uses
LI · Elizabethtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 1007 Outside Storage and Display. § 1008 Height Regulations. § 1009 Lot Area, Lot Width and Impervious Coverage Regulations. § 1010 Setback Regulations. § 1011 Off-street Parking/Access and Loading/Unloading. Part 11 LI LIGHT INDUSTRIAL DISTRICT § 1101 Intended Purpose. § 1102 Permitted Uses. § 1103 Permitted Secondary Uses. § 1104 Special Exceptions. § 1105 Conditional Uses. § 1106 Accessory Uses. § 1107 Use Restrictions. § 1108 Heigh
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
26.34 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.0M
RESTAURANT
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1981
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
4.7 ac
Current owner
From public records · entity-resolved
2202 S Market St Associates LP
Entity
Mailing address
2202 S MARKET ST ASSOCIATES LP 310TH PNE GRV CMNS, YORK, PA 17403
Ownership since
2018
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
Oct 29, 2018
$1,000,000
2202 S Market St Associates LP
Jill P Johnson
Deed
$850,000 · York Traditions Bank
—
—
June B Farmer
—
Deed Of Trust
related
$100,000 · Farmers First Bank
—
—
June B Farmer
—
Deed Of Trust
related
$50,000 · Farmers First 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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