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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Retail space
59 College Ave Elizabethtown, PA 17022-2408
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US73-2319235
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,396 SF
Lot
0.34 ac (14,810 SF)
Zoning code
R2
APN
250-52100-0-0000
UPID
US73-2319235
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
$794k
Blend (final)
Blend
$675k
Owner & transaction history
Gibden LLC · 23 yrs held
Gibden LLC
since 2003
7 recorded transactions
Zoning & alternative use
R2 · Elizabethtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ecial Exceptions. § 604 Conditional Uses. § 605 Accessory Uses. § 606 Height Regulations. § 607 Lot Area, Lot Width and Impervious Coverage Regulations. § 608 Setback Regulations. § 609 Off-Street Parking/Access. Part 7 R-2 MEDIUM-DENSITY RESIDENTIAL DISTRICT § 701 Intended Purpose. § 702 Permitted Uses. § 703 Special Exceptions. § 704 Accessory Uses. § 705…
Zone name
Residential
General category
RESIDENTIAL
Zone area
174.29 ac
Top alternative use upside
Auto repair, garage
$1.1M
+4.6%
Commercial (general)
$1.0M
+0.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,020,000
Current use
AUTO REPAIR, GARAGE
$1,065,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,025,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$106 / 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
$8,047
Tax year 2024
Assessed value
$286,600
Assessed 2024
Previous assessed
$286,600
+0.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$85,100
Assessed improvement
$201,500
Land market value
$85,100
Improvement market value
$201,500
Total market value
$286,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
6,396 SF
Lot
0.34 ac (14,810 SF)
Zoning code
R2
APN
250-52100-0-0000
UPID
US73-2319235
Jurisdiction
LANCASTER
Zoning & alternative use
R2 · Elizabethtown, PAZoning R2 · permitted uses
R2 · Elizabethtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ecial Exceptions. § 604 Conditional Uses. § 605 Accessory Uses. § 606 Height Regulations. § 607 Lot Area, Lot Width and Impervious Coverage Regulations. § 608 Setback Regulations. § 609 Off-Street Parking/Access. Part 7 R-2 MEDIUM-DENSITY RESIDENTIAL DISTRICT § 701 Intended Purpose. § 702 Permitted Uses. § 703 Special Exceptions. § 704 Accessory Uses. § 705 Conditional Uses. § 706 Height Regulations. § 707 Lot Area, Lot Width and Imperviou
Zone name
Residential
General category
RESIDENTIAL
Zone area
174.29 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Gibden LLC
Entity
Mailing address
59 E COLLEGE AVE, ELIZABETHTOWN, PA 17022-2408
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
—
Gibden LLC
—
Deed
related
$177,000 · Mid Penn Bank
Jul 21, 2003
$180,000
Gibden LLC
Forrey,donald I & Claudia B
Grant Deed
$165,061 · Waypoint Bank
Jul 8, 2002
$1,510
Dlp Sports INC
Forrey,donald L & Claudia B
Grant Deed
related
—
—
—
Gibden LLC
—
Deed Of Trust
related
$150,500 · Union National Community Bank
—
—
Gibden LLC
—
Deed Of Trust
related
$100,000 · Union National Community Bank
—
—
Gibden LLC
—
Deed Of Trust
related
$123,013 · Union Community Bank Fsb
—
—
Donald L Forrey
—
Deed Of Trust
related
$140,000 · Farmers First 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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