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Property profile & analytics
OFF-MARKET
Estimated value
$2,485,000
Distribution centers
700 Hanover St, Elizabethtown, PA 17022-1355
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1965709
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,393 SF
Lot
3.5 ac (152,460 SF)
Zoning code
C-G
APN
250-99125-0-0000
UPID
US73-1965709
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
$2.68M
CAP Approach
CAP
$3.27M
Comparable Approach
Comparable
$3.44M
Blend (final)
Blend
$2.49M
Owner & transaction history
Kramer 700 Properties LLC · 4 yrs held
Kramer 700 Properties LLC
since 2021
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
C-G · Elizabethtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,445,000
ML approach
$2,680,000
CAP Approach
CAP Return
Estimation
6%
$3,540,000
6.5%
$3,265,000
7%
$3,035,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,990,000
Current use
Blend value · Realmo final
$2.49M
Range $2.24M – $2.73M · ±10% · vs last sale $2.02M (Jul 9 2021)
Last sale anchor
$2.02M
Jul 9 2021
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
$79 / 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
$37,470
Tax year 2024
Assessed value
$1,334,500
Assessed 2024
Previous assessed
$1,334,500
+0.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$280,000
Assessed improvement
$1,054,500
Land market value
$280,000
Improvement market value
$1,054,500
Total market value
$1,334,500
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
31,393 SF
Lot
3.5 ac (152,460 SF)
Zoning code
C-G
APN
250-99125-0-0000
UPID
US73-1965709
Jurisdiction
LANCASTER
Zoning & alternative use
C-G · Elizabethtown, PA
Zoning C-G · permitted uses
C-G · Elizabethtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elizabethtown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.0M
WAREHOUSE, STORAGE Current
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
3.5 ac
Current owner
From public records · entity-resolved
Kramer 700 Properties LLC
Entity
Mailing address
340 ANCHOR RD, ELIZABETHTOWN, PA 17022-2807
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
—
Kramer 700 Properties LLC
—
Deed
related
$1,007,000 · Edc Finance Corp
Jul 9, 2021
$2,015,000
Kramer 700 Properties LLC
Room One Corporation
Deed
$1,240,250 · Td Bank NA
Jan 23, 2019
—
Room One Corp
—
Deed
related
$1,000,000 · M & T Bank
Jan 16, 2014
—
Room One Corp
Metro Bk
Grant Deed
—
Oct 16, 2013
$15,635
Metro Bk
Sheriff Of Lancaster County
Trustees Deed
related
—
—
—
Room One Corp
—
Deed Of Trust
related
$1,060,000 · Manufacturers & Traders Tr
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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