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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Turn key restaurants
28 Market St Elizabethtown, PA 17022
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US73-5868801
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Construction
BRICK
Total area
15,178 SF
Lot
0.27 ac (11,761 SF)
Zoning code
CBD
APN
250-31578-0-0000
UPID
US73-5868801
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
$1.15M
Blend (final)
Blend
$1.14M
Owner & transaction history
Market Street South · 16 yrs held
Market Street South
since 2009
7 recorded transactions
Zoning & alternative use
CBD · 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
$1.14M
Range $1.03M – $1.25M · ±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
$75 / 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
$13,247
Tax year 2024
Assessed value
$471,800
Assessed 2024
Previous assessed
$471,800
+0.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$77,600
Assessed improvement
$394,200
Land market value
$77,600
Improvement market value
$394,200
Total market value
$471,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Construction
BRICK
Heating
HOT WATER
Stories
3
Total area
15,178 SF
Lot
0.27 ac (11,761 SF)
Zoning code
CBD
APN
250-31578-0-0000
UPID
US73-5868801
Jurisdiction
LANCASTER
Zoning & alternative use
CBD · Elizabethtown, PA
Zoning CBD · permitted uses
CBD · 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.
Building & site characteristics
From public records
Year built
1900
Construction
BRICK
Heating
HOT WATER
Stories
3
Lot
0.27 ac
Current owner
From public records · entity-resolved
Market Street South
Individual
Mailing address
28 S MARKET ST, ELIZABETHTOWN, PA 17022-2300
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
South Market Street LP
—
Deed
related
$500,000 · Members 1st FCU
May 10, 2021
—
Sputh Market Street LP
—
Deed
related
$1,918,000 · Federal Credit Union
Mar 15, 2018
—
South Market Street LP
—
Deed
related
$200,000 · Members 1st FCU
Nov 2, 2009
$150,000
Market Street South
Lls Financial LLC
Grant Deed
—
Oct 14, 2008
$6,973
Lls Financial LLC
Sheriff Of Lancaster County
Trustees Deed
related
—
Feb 17, 2006
$36,000
Economic Dev Cor Elizabethtown
Sydyl Co LLC
Grant Deed
—
Sep 9, 2002
$216,000
Elizabethtown Economic Dev
Sydyl Co LLC
Grant Deed
—
Sep 9, 2002
$40,000
Elizabethtown Economic Dev
Sydyl Co LLC
Grant Deed
—
Sep 9, 2002
$475,000
Sydyl Co LLC
Moreland,kim L & Blaine H
Grant Deed
$360,000 · Waypoint Bank
Sep 9, 2002
$36,000
Elizabethtown Economic Dev
Sydyl Co LLC
Grant Deed
—
—
—
Sydyl Co LLC
—
Deed Of Trust
related
$222,000 · South Eastern Econ Dev Corp
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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