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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Manufacturing properties
385 Anchor Rd Elizabethtown, PA 17022-2808
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-2330537
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,056 SF
Lot
5.13 ac (223,463 SF)
Zoning code
LI
APN
460-29151-0-0000
UPID
US73-2330537
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
$1.12M
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.14M
Owner & transaction history
Jack E Garner JR · 7 yrs held
Jack E Garner JR
since 2018
3 recorded transactions
Zoning & alternative use
LI · Elizabethtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 1007 Outside Storage and Display. § 1008 Height Regulations. § 1009 Lot Area, Lot Width and Impervious Coverage Regulations. § 1010 Setback Regulations. § 1011 Off-street Parking/Access and Loading/Unloading. Part 11 LI LIGHT INDUSTRIAL DISTRICT § 1101 Intended Purpose. § 1102 Permitted Uses. § 1103 Permitted Secondary Uses. § 1104 Special Exceptions. § 11…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
26.34 ac
Top alternative use upside
Warehouse, storage
$1.7M
+30.9%
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%
$1,210,000
6.5%
$1,120,000
7%
$1,040,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,265,000
Current use
WAREHOUSE, STORAGE
$1,660,000
Change: +31% · Conversion: Easy
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
$87 / 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
$33,536
Tax year 2024
Assessed value
$1,324,600
Assessed 2024
Previous assessed
$1,324,600
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$204,800
Assessed improvement
$1,119,800
Land market value
$204,800
Improvement market value
$1,119,800
Total market value
$1,324,600
Applied tax rate
460.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
13,056 SF
Lot
5.13 ac (223,463 SF)
Zoning code
LI
APN
460-29151-0-0000
UPID
US73-2330537
Jurisdiction
LANCASTER
Zoning & alternative use
LI · Elizabethtown, PAZoning LI · permitted uses
LI · Elizabethtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 1007 Outside Storage and Display. § 1008 Height Regulations. § 1009 Lot Area, Lot Width and Impervious Coverage Regulations. § 1010 Setback Regulations. § 1011 Off-street Parking/Access and Loading/Unloading. Part 11 LI LIGHT INDUSTRIAL DISTRICT § 1101 Intended Purpose. § 1102 Permitted Uses. § 1103 Permitted Secondary Uses. § 1104 Special Exceptions. § 1105 Conditional Uses. § 1106 Accessory Uses. § 1107 Use Restrictions. § 1108 Heigh
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
26.34 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
5.13 ac
Current owner
From public records · entity-resolved
Jack E Garner JR
Individual
Mailing address
385 ANCHOR RD, ELIZABETHTOWN, PA 17022-2808
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2020
—
Jack E Garner JR
—
Deed
related
$900,000 · Members 1st FCU
Oct 11, 2018
$355,000
Jack E Garner JR
Jack E Garner JR
Deed
related
$355,000 · Members 1st FCU
Apr 5, 2012
$6,800
Jack E Garner JR.
Garner,jack E JR & Joi R
Grant Deed
related
—
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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