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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Office Spaces
483 Anchor Rd Elizabethtown, PA 17022-2876
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1065040
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1952
Construction
FRAME
Total area
4,724 SF
Lot
12.69 ac (552,776 SF)
Zoning code
LI
APN
460-34047-0-0000
UPID
US73-1065040
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
$545k
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$820k
Blend (final)
Blend
$885k
Owner & transaction history
Pierson Rheems LLC · 17 yrs held
Pierson Rheems LLC
since 2008
2 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
Medical building
$950,000
+26.0%
Auto repair, garage
$785,000
+4.2%
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
$545,000
CAP Approach
CAP Return
Estimation
6%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$755,000
Current use
MEDICAL BUILDING
$950,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$785,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$750,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$187 / 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
$10,388
Tax year 2024
Assessed value
$410,300
Assessed 2024
Previous assessed
$410,300
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$239,500
Assessed improvement
$170,800
Land market value
$239,500
Improvement market value
$170,800
Total market value
$410,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1952
Construction
FRAME
Heating
SPACE
Buildings
2
Stories
2
Bathrooms
1
Total area
4,724 SF
Lot
12.69 ac (552,776 SF)
Zoning code
LI
APN
460-34047-0-0000
UPID
US73-1065040
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
COMMERCIAL (GENERAL) Current
Est. value
$755,000
MEDICAL BUILDING
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$785,000
RETAIL STORES
Est. value
$750,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1952
Construction
FRAME
Heating
SPACE
Stories
2
Buildings
2
Bathrooms
1
Lot
12.69 ac
Current owner
From public records · entity-resolved
Pierson Rheems LLC
Entity
Mailing address
426 SWEDESBORO RD, PILESGROVE, NJ 08098-2534
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2008
$6,020,000
Pierson Rheems LLC
Donegal Rock Products LLC
Grant Deed
$3,250,800 · Donegal Rock Products LLC
Apr 26, 2002
$925,000
Donegal Rock Products LLC
Union Quarries INC
Grant Deed
—
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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