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    Blake T Shaffer, York, PA

    License ID: RS336118
    Bennett Williams Realty
    Association
    Realtors Association Of York & Adams Counties

    Service Locations

    Contact details

    Phone:
    (717) 654-5612
    Office Address:
    3528 Concord Rd, York, PA, 17402

    Performance

    Listings
    51

    Listings

    For Sale (4)

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    • $699,000
      0.14 Acres

      Harrisburg Retail Investment Opportunity

      High-traffic retail building with apartment.
      4814 Jonestown Rd, Harrisburg, PA 17109
      View Details
    • $450,000
      2,175 SF

      Drive-Thru Restaurant Building in York

      2,175 SF drive-thru restaurant on 0.43 acres for sale.
      1125 Edgar St, York, PA 17403
      View Details
    • $650,000

      2.4 Acre Commercial Land Parcel

      2.4 acre commercial land with high traffic visibility.
      Pauline Dr, York, PA 17402
      View Details
    • Contact for pricing

      Commercial Land on Leaders Heights

      7.22 acre commercially zoned land for sale.
      213 Leader Hts Rd, York, PA
      View Details

    For Lease (47)

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    • $10 SF/Yr

      Retail Space in Colonial Village

      Retail space available in Shamokin Dam's Colonial Village Plaza.
      2700 N Susquehanna Trl, Shamokin Dam, PA 17876
      View Details
    • Contact for pricing
      54,000 SF

      Lykens Valley Plaza Retail Space

      Elizabethville, PA Retail Center - 17,506 SF Available
      4686 Us-209, Elizabethville, PA 17023
      View Details
    • $22 SF/Yr
      1,050 SF

      Anchored Retail Shopping Center Space

      Retail space in a high-traffic shopping center.
      564 Shrewsbury Commons Ave, Shrewsbury, PA 17361
      View Details
    • $12 SF/Yr
      1,766 SF

      Retail Space in Shiloh Village

      Neighborhood shopping center with high visibility and stable co-tenancy.
      2323 Carlisle Rd, York, PA 17408
      View Details
    • Contact for pricing
      1,960 SF

      Grocery Anchored Shopping Center Space

      Retail space in a high-traffic shopping center.
      520 Gateway Ave, Chambersburg, PA 17201
      View Details
    • $21 SF/Yr
      4,000 SF

      Retail Space on East Market

      Retail space in high-traffic York shopping center.
      2440-2498 E Market St, York, PA 17402
      View Details
    • Contact for pricing
      2,525 SF

      Premier Retail Space on Lincoln Highway

      Retail space in high-traffic Lancaster shopping center.
      2481 Lincoln Hwy E, Lancaster, PA 17602
      View Details
    • $16 SF/Yr
      1,400 SF

      Retail Space in Shippensburg Marketplace

      Retail space available in a busy Shippensburg shopping center.
      397 Baltimore Rd, Shippensburg, PA 17257
      View Details
    • $16 SF/Yr
      1,500 SF

      Retail Space in Kingston Square

      Neighborhood retail shopping center centrally located in York, Pennsylvania.
      2500-2598 Eastern Blvd, York, PA 17402
      View Details
    • Contact for pricing
      84,905 SF

      Former Kmart Space in York

      82,033 SF retail space with high traffic volume.
      1090-1094 Haines Rd, York, PA 17402
      View Details
    • Contact for pricing
      1,000 SF

      Grocery Anchored Shopping Center Space

      Retail space available in Kenhorst Plaza shopping center.
      700 Kenhorst Plz, Reading, PA 19607
      View Details
    • $12 SF/Yr
      1,400 SF

      East York Commercial Space Available

      Located in a busy commercial corridor with high traffic.
      3410 E Market St, York, PA 17402
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    • Contact for pricing
      605 SF

      Harrisburg Restaurant/Retail Space Available

      Restaurant/retail space in Harrisburg's central business district.
      29 S 3Rd St, Harrisburg, PA 17101
      View Details
    • Contact for pricing
      2,980 SF

      Premier Retail Shopping Center Space

      Retail space in high-traffic Lancaster shopping center.
      2495 Lincoln Hwy E, Lancaster, PA 17602
      View Details
    • Contact for pricing
      2,714 SF

      Camp Hill Retail Opportunity

      Retail space in a strategically positioned Camp Hill shopping center.
      3431-3437 Simpson Ferry Rd, Camp Hill, PA 17011
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    • Contact for pricing
      10,004 SF

      Anchored Grocery Center Retail Space

      64,489 SF shopping center anchored by Giant Grocery.
      2-14 Newport Plz, Newport, PA
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in York Plaza

      Neighborhood retail shopping center with national and local tenants.
      180 Leaders Heights Rd, York, PA 17402
      View Details
    • Contact for pricing
      2,062 SF

      Retail Space in Allentown Center

      Retail space available in a Walmart-anchored shopping center.
      6420 Hamilton Blvd, Allentown, PA 18106
      View Details
    • Contact for pricing
      1,728 SF

      Redevelopment Opportunity in Hanover, PA

      Pad sites available for lease or build-to-suit anchored by Wawa.
      301 Eisenhower Dr, Hanover, PA 17331
      View Details
    • Contact for pricing
      2,400 SF

      Altoona Retail Space For Lease

      2,400 SF retail space in a shopping center.
      267 Park Hills Plz, Altoona, PA 16602
      View Details
    • Contact for pricing
      16,316 SF

      Grocery Anchored Retail Shopping Center

      Retail shopping center anchored by PriceRite Marketplace and national co-tenants.
      2142 S Queen St, York, PA 17403
      View Details
    • Contact for pricing
      8,846 SF

      Retail Space in Columbia Shopping Center

      Retail spaces available in Weis Grocery anchored shopping center.
      1786-1788 Columbia Ave, Mount Joy, PA 17552
      View Details
    • $23 SF/Yr
      1,300 SF

      Retail Space in Chelsea Square

      Retail space available in Lancaster's Chelsea Square shopping center.
      1603-1647 Manheim Pike, Lancaster, PA 17601
      View Details
    • Contact for pricing
      10,000 SF

      Allentown Retail Space For Rent

      Retail space available in well-located, anchored shopping center.
      3101 Hamilton Blvd, Allentown, PA 18103
      View Details
    • Contact for pricing
      1,400 SF

      Allentown Retail Space For Lease

      Retail space available in well-located, Walmart-anchored shopping center.
      1042 Millcreek Rd, Allentown, PA 18101
      View Details
    • Contact for pricing
      10,500 SF

      Retail Development Opportunity in York

      Proposed retail development with high visibility on Route 30.
      64 Pa-116, York, PA
      View Details
    • Contact for pricing
      4,800 SF

      Retail Development Opportunity in York

      Proposed retail development with high visibility on Route 30.
      125 Hanover Rd, York, PA 17408
      View Details
    • Contact for pricing

      Prime Chambersburg Retail Pad Sites

      Grocery-anchored shopping center with pad sites for lease.
      561 Gateway Ave, Chambersburg, PA 17201
      View Details
    • Contact for pricing
      6,492 SF

      Retail Space in Carlisle Plaza

      Retail space available in a neighborhood shopping center.
      1706 Spring Rd, Carlisle, PA 17013
      View Details
    • $22 SF/Yr
      5,568 SF

      Anchored Retail Shopping Center Space

      Anchored retail center with high-traffic tenants and strategic location.
      611 Shrewsbury Commons Ave, Shrewsbury, PA 17361
      View Details
    • Contact for pricing
      4,100 SF

      Former Bank Space in York

      4,100 SF former bank space with retail surroundings.
      1000 Haines Rd, York, PA 17402
      View Details
    • Contact for pricing
      43,500 SF

      Grocery Anchored Shopping Center Space

      Retail spaces available in Chambersburg's primary shopping destination.
      193 Parkwood Dr, Chambersburg, PA 17201
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Retail spaces available in Chambersburg's primary shopping destination.
      500 Gateway Ave, Chambersburg, PA 17201
      View Details
    • $23 SF/Yr
      1,077 SF

      Retail Center on Eastern Boulevard

      Retail space available in high-traffic York location.
      2701 Eastern Blvd, York, PA 17402
      View Details
    • Contact for pricing
      8,050 SF

      New Retail Space on Route 30

      New construction retail space with drive-thru on high-traffic Route 30.
      York Rd, New Oxford, PA 17350
      View Details
    • Contact for pricing
      4,600 SF

      Grocery Anchored Retail Pad Site

      Outparcel pad site available in established shopping center.
      2104 Van Reed Rd, Reading, PA 19609
      View Details
    • Contact for pricing
      1,500 SF

      Downtown Lancaster Retail/Office Space

      1,500 SF retail/office space in downtown Lancaster.
      347 N Queen St, Lancaster, PA 17603
      View Details
    • Contact for pricing

      Hummelstown Pad Site For Lease

      1-acre pad site available in busy Hummelstown corridor.
      753 Middletown Rd, Hummelstown, PA 17036
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Harrisburg CBD

      Retail space in Harrisburg's central business district.
      19 S 3Rd St, Harrisburg, PA 17101
      View Details
    • Contact for pricing
      2,640 SF

      New Retail Building in York

      2,640 SF freestanding retail building in East York.
      2401 E Market St, York, PA 17402
      View Details
    • Contact for pricing
      550 SF

      Prime Retail Space Available

      New retail building in high-traffic Lancaster County location.
      2207 Lincoln Hwy E, Lancaster, PA 17602
      View Details
    • Contact for pricing
      3,200 SF

      Retail Development Opportunity in York

      Proposed retail development with high visibility on Route 30.
      4545 W Market St, York, PA 17408
      View Details
    • Contact for pricing
      3,200 SF

      Retail Development Opportunity in York

      Proposed retail development with high visibility on Route 30.
      4646 Lincoln Hwy, York, PA 17406
      View Details
    • Contact for pricing

      Retail Pad Site For Rent

      0.7 acre retail pad site with high traffic frontage.
      2071-2073 S Queen St, York, PA 17403
      View Details
    • $21 SF/Yr
      1,600 SF

      Retail Space on South Queen

      Retail space available in a busy York shopping center.
      2058 S Queen St, York, PA 17403
      View Details
    • Contact for pricing
      2,460 SF

      Retail Development Opportunity in York

      Proposed retail development with high visibility on Route 30.
      4585 W Market St, York, PA 17408
      View Details
    • Contact for pricing

      Retail Pad Site Opportunity

      Ideal retail pad site along Carlisle Road in York, PA.
      Carlisle Rd, York, PA 17404
      View Details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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