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Property profile & analytics
OFF-MARKET
Estimated value
$14,040,000
Distribution centers
2388 Market St Elizabethtown, PA 17022-1180
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-5786474
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1973
Construction
STEEL FRAME
Total area
182,849 SF
Lot
42.16 ac (1,836,490 SF)
Zoning code
I
APN
160-84816-0-0000
UPID
US73-5786474
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
$19.03M
Comparable Approach
Comparable
$10.15M
Blend (final)
Blend
$14.04M
Owner & transaction history
Yarrum LP · 9 yrs held
Yarrum LP
since 2017
7 recorded transactions
Zoning & alternative use
I · 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%
$20,610,000
6.5%
$19,025,000
7%
$17,665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$23,225,000
Current use
Blend value · Realmo final
$14.04M
Range $12.64M – $15.44M · ±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
$77 / 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
$237,623
Tax year 2024
Assessed value
$9,951,500
Assessed 2024
Previous assessed
$9,951,500
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$819,400
Assessed improvement
$9,132,100
Land market value
$819,400
Improvement market value
$9,132,100
Total market value
$9,951,500
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
1
Total area
182,849 SF
Lot
42.16 ac (1,836,490 SF)
Zoning code
I
APN
160-84816-0-0000
UPID
US73-5786474
Jurisdiction
LANCASTER
Zoning & alternative use
I · Elizabethtown, PAZoning I · permitted uses
I · Elizabethtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$23.2M
WAREHOUSE, STORAGE Current
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
1973
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Lot
42.16 ac
Current owner
From public records · entity-resolved
Yarrum LP
Entity
Mailing address
2388 N MARKET ST, ELIZABETHTOWN, PA 17022-1180
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
—
Crowe Realty LLC
—
Deed
related
$550,000 · First National Bank Of Pennsylvania
Jun 23, 2023
—
Crowe Realty LLC
—
Deed
related
$1,000,000 · First National Bank Of Pennsylvania
Jun 30, 2022
—
Crowe Realty LLC
—
Deed
related
$12,200,000 · First National Bank Of Pennsylvania
Jul 14, 2021
—
Crowe Realty LLC
—
Deed
related
$1,500,000 · First National Bank Of Pennsylvania
Mar 10, 2017
—
Yarrum LP
Yarrum LP
Quit Claim Deed
related
—
Oct 19, 2016
—
Crowe Realty LLC
—
Deed Of Trust
related
$10,850,000 · First Nat'l Bk/pa
Jun 19, 2014
—
Crowe Realty LLC
—
Grant Deed
related
$1,300,000 · Metro Bk
Oct 13, 2009
—
Crowe Realty LLC
Conewago Indl Track INC
Grant Deed
—
Mar 30, 2005
—
Crowe Realty LLC
Edc Finance Corp
Warranty Deed
related
$3,250,000 · Pennsylvania Ind'l Dev Auth
Sep 17, 2004
$5,500,000
Crowe Realty LLC
New Alpha Realty LLP
Deed Of Trust
related
$3,250,000 · Union National Community Bank
—
—
Crowe Realty LLC
—
Deed Of Trust
related
$140,000 · Union National Community Bank
—
—
Crowe Realty LLC
—
Deed Of Trust
related
$140,000 · Union National Community Bank
—
—
Crowe Realty LLC
—
Deed Of Trust
related
$1,286,000 · Seda-cog Local Dev Corp
—
—
Crowe Realty LLC
—
Deed Of Trust
related
$100,000 · Union Community Bank Fsb
—
—
Crowe Realty LLC
—
Deed Of Trust
related
$950,000 · Metropolitan Bank
—
—
Crowe Realty LLC
—
Deed Of Trust
related
$7,635,000 · Metropolitan Bank
—
—
Crowe Realty LLC
—
Deed Of Trust
related
$1,065,000 · Metropolitan Bank
—
—
Crowe Realty LLC
—
Deed Of Trust
related
$250,000 · Metropolitan Bank
—
—
Crowe Realty LLC
—
Deed Of Trust
related
$567,527 · Union Community Bank Fsb
—
—
Crowe Realty LLC
—
Deed Of Trust
related
$3,400,000 · Union Community Bank Fsb
—
—
Crowe Realty LLC
—
Deed Of Trust
related
$70,000 · 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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