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Property profile & analytics
FOR SALE
Commercial real estate
222 South Market St Elizabethtown, PA 17022
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0319728
For Sale
1 / 2
Contact for pricing
222 South Market St, Elizabethtown, PA 17022
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Lot
0.71 ac (30,928 SF)
Zoning code
CBD
APN
250-68586-0-0000
UPID
US73-0319728
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
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Aovenant 222 LLC · 4 yrs held
Aovenant 222 LLC
since 2022
Last sale
$746,200
7 recorded transactions
Zoning & alternative use
CBD · Elizabethtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CBD CENTRAL BUSINESS DISTRICT § 901 Intended Purpose. § 902 Permitted Uses. § 903 Special Exceptions. § 904 Accessory Uses. § 905 Conditional Uses. § 906 Use Restrictions. § 907 Conversion of Accessory Structures into Residential Units.
Zone name
Central Business District
General category
COMMERCIAL
Zone area
46.08 ac
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
$895,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $746k (Feb 1 2022)
Last sale anchor
$746k
Feb 1 2022
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
—
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
$1,196
Tax year 2024
Assessed value
$42,600
Assessed 2024
Previous assessed
$42,600
+0.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$42,600
Land market value
$42,600
Total market value
$42,600
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
For Sale
Heating
NONE
Lot
0.71 ac (30,928 SF)
Zoning code
CBD
APN
250-68586-0-0000
UPID
US73-0319728
Jurisdiction
LANCASTER
Zoning & alternative use
CBD · Elizabethtown, PAZoning CBD · permitted uses
CBD · Elizabethtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CBD CENTRAL BUSINESS DISTRICT § 901 Intended Purpose. § 902 Permitted Uses. § 903 Special Exceptions. § 904 Accessory Uses. § 905 Conditional Uses. § 906 Use Restrictions. § 907 Conversion of Accessory Structures into Residential Units.
Zone name
Central Business District
General category
COMMERCIAL
Zone area
46.08 ac
Building & site characteristics
From public records
Heating
NONE
Lot
0.71 ac
Current owner
From public records · entity-resolved
Aovenant 222 LLC
Entity
Mailing address
849 HICKORY LN, MIDDLETOWN, PA 17057-4521
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2022
—
Covenant 222 LLC
—
Deed
related
$960,000 · Truist Bank
Feb 1, 2022
$746,200
Aovenant 222 LLC
222 South Market Street Associates
Deed
—
Jan 28, 2022
$300,000
Covenant 222 LLC
Ooz Real Estate
Deed
$240,000 · Ooz Real Estate
Jan 28, 2022
$351,000
Covenant 222 LLC
Gskd Real Estate
Deed
—
Jan 28, 2022
$58,000
Covenant 222 LLC
Gskd Real Estate
Deed
—
Oct 12, 2021
—
Elite Collegiate Prop Rental Prop
—
Deed
related
$360,500 · Truist Bank
Apr 9, 2021
$275,000
Elite Collegiate Properties LLC
Victoria Devaney
Deed
—
Jul 20, 2020
—
222 S Market Street Assocs
—
Deed
related
$85,025 · Ephrata Nat'l Bk
Sep 29, 2017
—
222 South Market Street Associates
—
Deed
related
$51,000 · The Ephrata National Bank
Mar 17, 2017
$139,900
Joshua L Lourdon
Devaney,john J JR
Grant Deed
$99,900 · Housing & Cmnty Dev Dept
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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