Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Office Spaces
56 Market St Elizabethtown, PA 17022-2025
Individually Owned
8-yr Hold
Free & Clear
Property ID
US73-5640055
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1945
Construction
FRAME
Total area
5,386 SF
Lot
0.35 ac (15,246 SF)
Zoning code
CBD
APN
250-91059-0-0000
UPID
US73-5640055
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
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$620k
Blend (final)
Blend
$695k
Owner & transaction history
Borough Elizabethtown · 8 yrs held
Borough Elizabethtown
since 2018
3 recorded transactions
Zoning & alternative use
CBD · Elizabethtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CBD CENTRAL BUSINESS DISTRICT § 901 Intended Purpose. § 902 Permitted Uses. § 903 Special Exceptions. § 904 Accessory Uses. § 905 Conditional Uses. § 906 Use Restrictions. § 907 Conversion of Accessory Structures into Residential Units.
Zone name
Central Business District
General category
COMMERCIAL
Zone area
46.08 ac
Top alternative use upside
Restaurant
$1.1M
+26.7%
Medical building
$1.1M
+26.0%
Auto repair, garage
$895,000
+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
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$860,000
Current use
RESTAURANT
$1,090,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$1,085,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$895,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$855,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$129 / 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
$8,710
Tax year 2024
Assessed value
$310,200
Assessed 2024
Previous assessed
$310,200
+0.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$86,200
Assessed improvement
$224,000
Land market value
$86,200
Improvement market value
$224,000
Total market value
$310,200
Applied tax rate
250.0000
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
1945
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
1
Total area
5,386 SF
Lot
0.35 ac (15,246 SF)
Zoning code
CBD
APN
250-91059-0-0000
UPID
US73-5640055
Jurisdiction
LANCASTER
Zoning & alternative use
CBD · Elizabethtown, PAZoning CBD · permitted uses
CBD · Elizabethtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CBD CENTRAL BUSINESS DISTRICT § 901 Intended Purpose. § 902 Permitted Uses. § 903 Special Exceptions. § 904 Accessory Uses. § 905 Conditional Uses. § 906 Use Restrictions. § 907 Conversion of Accessory Structures into Residential Units.
Zone name
Central Business District
General category
COMMERCIAL
Zone area
46.08 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$860,000
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$895,000
RETAIL STORES
Est. value
$855,000
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1945
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Borough Elizabethtown
Individual
Free & Clear · 8 yrs held
Mailing address
600 N HANOVER ST, ELIZABETHTOWN, PA 17022-1612
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
Jun 4, 2018
$357,000
Borough Elizabethtown
Prrg LLC
Grant Deed
—
Jul 3, 2014
$310,000
Prrg LLC
Finkenbinder Properties LLC
Deed
$235,000 · Metro Bank
Jan 10, 2014
$250,000
Finkenbinder Properties LLC
Elizabethtown Insurance Co
Deed
$187,500 · Fulton 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 56 Market St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
