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Property profile & analytics
OFF-MARKET
Estimated value
$41,925,000
Distribution centers
35 Conewago Rd Elizabethtown, PA 17022-9500
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-5217164
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2018
Total area
320,000 SF
Lot
27.99 ac (1,219,244 SF)
APN
160-97217-0-0000
UPID
US73-5217164
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
$33.30M
Comparable Approach
Comparable
$49.36M
Blend (final)
Blend
$41.93M
Owner & transaction history
Dg Conewago Property Owner LP · 5 yrs held
Dg Conewago Property Owner LP
since 2021
Last sale
$39.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$64.9M
+59.5%
Medical building
$64.5M
+58.6%
Auto repair, garage
$53.3M
+31.1%
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
$47,965,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$36,070,000
6.5%
$33,295,000
7%
$30,915,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$40,650,000
Current use
RESTAURANT
$64,850,000
Change: +60% · Conversion: Difficult
MEDICAL BUILDING
$64,475,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$53,285,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$51,165,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$50,940,000
Change: +25% · Conversion: Moderate
Blend value · Realmo final
$41.93M
Range $37.73M – $46.12M · ±10% · vs last sale $39.50M (Aug 4 2021)
Last sale anchor
$39.50M
Aug 4 2021
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
$131 / 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
$456,793
Tax year 2024
Assessed value
$19,130,200
Assessed 2024
Previous assessed
$19,130,200
+0.0% YoY
Effective rate
2.39%
On assessed value
Assessed land
$1,385,700
Assessed improvement
$17,744,500
Land market value
$1,385,700
Improvement market value
$17,744,500
Total market value
$19,130,200
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
2018
Heating
YES
Cooling
YES
Total area
320,000 SF
Lot
27.99 ac (1,219,244 SF)
APN
160-97217-0-0000
UPID
US73-5217164
Jurisdiction
LANCASTER
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
WAREHOUSE, STORAGE Current
Est. value
$40.7M
RESTAURANT
Est. value
$64.9M
MEDICAL BUILDING
Est. value
$64.5M
AUTO REPAIR, GARAGE
Est. value
$53.3M
COMMERCIAL (GENERAL)
Est. value
$51.2M
RETAIL STORES
Est. value
$50.9M
WAREHOUSE, STORAGE Current
RESTAURANT
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
2018
Heating
YES
Cooling
Yes
Lot
27.99 ac
Current owner
From public records · entity-resolved
Dg Conewago Property Owner LP
Entity
Mailing address
17304 PRESTON RD STE #550, DALLAS, TX 75252-5625
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2021
—
Dg Conewago Property Owner LP
—
Deed
related
$126,997,706 · Morgan Hills Group LLC
Aug 4, 2021
$39,500,000
Dg Conewago Property Owner LP
Ta Conewago LLC
Deed
—
Dec 23, 2020
$33,000,000
Ta Conewago LLC
Ag-hs Conewago Prop Owner LLC
Grant Deed
—
Dec 27, 2018
$22,500,000
Ag Hs Conewago Property Owner LLC
Conewago Contractors INC
Special Warranty Deed
related
$15,590,000 · Webster Bank NA
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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