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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Industrial properties
498 Luxemburg Rd Elizabethville, PA 17023
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-3001964
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2021
Construction
FRAME
Total area
9,832 SF
Lot
25.05 ac (1,091,222 SF)
APN
39-010-029
UPID
US73-3001964
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
$905k
Blend (final)
Blend
$1.05M
Owner & transaction history
Vernon L Gessner · 4 yrs held
Vernon L Gessner
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+58.1%
Auto repair, garage
$1.6M
+55.2%
Retail stores
$1.4M
+38.6%
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 Elizabethville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabethville 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)
$1,030,000
Current use
MEDICAL BUILDING
$1,630,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,600,000
Change: +55% · Conversion: Easy
RETAIL STORES
$1,425,000
Change: +39% · Conversion: Moderate
RESTAURANT
$1,385,000
Change: +35% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$910,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$860,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±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
$107 / 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
$29,083
Tax year 2023
Assessed value
$1,070,400
Assessed 2024
Previous assessed
$1,070,400
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$206,500
Assessed improvement
$863,900
Land market value
$206,500
Improvement market value
$863,900
Total market value
$1,070,400
Applied tax rate
39.0000
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
2021
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Bathrooms
5
Total area
9,832 SF
Lot
25.05 ac (1,091,222 SF)
APN
39-010-029
UPID
US73-3001964
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
$1.0M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$860,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2021
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
5
Lot
25.05 ac
Current owner
From public records · entity-resolved
Vernon L Gessner
Individual
Mailing address
496 LUXEMBURG RD, LYKENS, PA 17048-8500
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
—
Vernon I Cessner
—
Deed
related
$400,000 · Horizon Farm Credit Aca
Oct 14, 2022
—
Vernon L Gessner
—
Deed
related
$100,000 · Horizon Farm Credit Aca
Oct 19, 2021
—
Vernan L Gessner
—
Deed
related
$600,000 · Midatlantic Farm Credit Aca
Oct 1, 2021
—
Vernon L Gessner
Vernon L Gessner
Intrafamily Transfer
related
—
Feb 2, 2021
—
Vernon L Gessner
—
Deed
related
$15,000 · Midatlantic Farm Credit Aca
Nov 29, 2016
—
Vernon L Gessner
—
Deed
related
$346,200 · Mid Penn Bank
Feb 5, 2010
—
Vernon L Gessner
—
Trustees Deed
related
$41,000 · Mid Penn Bank
—
—
Vernon L Gessner
—
Deed Of Trust
related
$200,000 · Mid Penn Bank
—
—
Vernon L Gessner
—
Deed Of Trust
related
$317,000 · Mid Penn Bank
—
—
Vernon L Gessner
—
Deed Of Trust
related
$750,000 · Mid Penn Bank
—
—
Vernon L Gessner
—
Deed Of Trust
related
—
—
—
Gessner Logging & Sawmill INC
—
Deed Of Trust
related
$750,000 · Mid Penn Bank
—
—
Vernon L Gessner
—
Deed Of Trust
related
—
—
—
Gessner,vernon L & Dorcas E
—
Deed Of Trust
related
$400,000 · Mid Penn Bk
—
—
Gessner,vernon L & Dorcas E
—
Deed Of Trust
related
$600,000 · Mid Penn Bk
—
—
Gessner Logging & Sawmill INC
—
Deed Of Trust
related
—
—
—
Vernon L Gessner
—
Deed Of Trust
related
$75,000 · Mid Penn Bank
—
—
Gessner Logging & Sawmill INC
—
Deed Of Trust
related
$317,000 · Mid Penn Bank
—
—
Vernon L Gessner
—
Deed Of Trust
related
$150,000 · Mid Penn Bank
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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