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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Industrial properties
2981 Hershey Rd, Elizabethtown, PA 17022
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US73-0593299
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Total area
4,288 SF
Lot
2.52 ac (109,771 SF)
APN
22-006-129
UPID
US73-0593299
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
$330k
Blend (final)
Blend
$540k
Owner & transaction history
Donald E Parmer · 19 yrs held
Donald E Parmer
since 2006
Last sale
$650,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$710,000
+58.1%
Auto repair, garage
$695,000
+55.2%
Commercial (general)
$685,000
+52.7%
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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$450,000
Current use
MEDICAL BUILDING
$710,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: +55% · Conversion: Easy
COMMERCIAL (GENERAL)
$685,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$685,000
Change: +52% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $650k (Dec 27 2024)
Last sale anchor
$650k
Dec 27 2024
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
$126 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$11,335
Tax year 2023
Assessed value
$432,700
Assessed 2024
Previous assessed
$432,700
+0.0% YoY
Effective rate
2.62%
On assessed value
Assessed land
$40,000
Assessed improvement
$392,700
Land market value
$40,000
Improvement market value
$392,700
Total market value
$432,700
Applied tax rate
22.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1987
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
4,288 SF
Lot
2.52 ac (109,771 SF)
APN
22-006-129
UPID
US73-0593299
Jurisdiction
DAUPHIN
Zoning & alternative use
Zoning · permitted uses
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
INDUSTRIAL (GENERAL) Current
Est. value
$450,000
MEDICAL BUILDING
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$695,000
COMMERCIAL (GENERAL)
Est. value
$685,000
RETAIL STORES
Est. value
$685,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1987
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
2.52 ac
Current owner
From public records · entity-resolved
Donald E Parmer
Individual
Mailing address
2599 CHESTNUT RD, ELIZABETHTOWN, PA 17022-9042
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2006
$385,000
Donald E Parmer
Hall Explosives LLC
Warranty Deed
$308,000 · Manufacturers & Traders Trust Co
—
—
Donald E Parmer
—
Deed Of Trust
related
$435,000 · Metropolitan Bank
—
—
Donald E Parmer
—
Deed Of Trust
related
$185,000 · Manufacturers & Traders Trust
—
—
Donald E Parmer
—
Deed Of Trust
related
$328,950 · Metropolitan Bank
—
—
Hall Explosives INC
—
Deed Of Trust
related
$400,000 · Nordea Bank Norge Asa
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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