Building Details

Building Size 1,337 SF

Year Built 2006

Listing Agency: Howard Hanna Real Estate Services

Listed By: Bonnie L Collins · License #AB067789 Show Phone

Source: Cornerstoneagencymd

Added: Oct 22 Changed: Oct 26 Last Checked: Oct 26 at 3:37PM

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Investment Insights

Based on property information with market context.

This 1,337-square-foot, lower-level condominium was built in 2006 and has two bedrooms and two full bathrooms. The primary bedroom includes an en-suite bathroom with a shower and a walk-in closet. The kitchen has stainless steel appliances, cabinet storage, a pantry, and an adjoining dining area; a separate laundry room adds functional space. A side patio provides outdoor space, and the unit includes a one-car garage with an opener.

The property is in Bailey Springs in Stewartstown, Pennsylvania, with shopping, restaurants, medical facilities, and other conveniences nearby. I-83 is a few minutes away.

Key Highlights

• Two bedrooms and two full bathrooms
• 1,337 square feet; built in 2006
• Lower‑level end unit with a side patio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,323

Cap Rate

4.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$246,460 $246.5K

Cap Rate 7%

$176,043 $176.0K

Cap Rate 9%

$136,922 $136.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,337 SF

Gross rent

$23.6K $17.64/SF

− Vacancy

−$1.2K −$0.88/SF

EGI

$22.4K $16.76/SF

− OpEx

−$10.1K −$7.54/SF

NOI

$12.3K $9.22/SF

Area

York County, PA

Vacancy

5.00%

Lease Rate

$17.64 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$246,460

Cap Rate 7%

$176,043

Cap Rate 9%

$136,922

Alternative Uses

Best Use

Apartment 5plus

$176.0K

$154.0K – $205.4K (±1% cap)

NOI $12,323 @ 7.0% cap · market cap 4.74%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$387.1K

$338.7K – $451.6K (±1% cap)

NOI $27,098 @ 7.0% cap · market cap 10.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

1

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

252

Businesses Nearby

Explore this area Business Placement

Demographics for 17363, PA

9,122

Population

3,355

Households

2.7

Avg Household Size

47

Median Age

31%

College-Educated

95%

High-School Grad

36.9 sq mi

ZIP Area

247

Density / Sq Mi

$97,917

Median Household Income

$55,411

Median Earnings

$905

Median Rent

$307,500

Median Home Value

Frequently Asked Questions

What type of property is this?

Residential income property - A lower-level end unit offers private outdoor space, an attached garage, and a separate laundry room.

Where is this residential income property located?

The property is located at 1202 CRESTVIEW LANE Stewartstown, PA.

What is the asking price?

The asking price for this property is $259,900.

What are key features of this property?

This property features: Two bedrooms and two full bathrooms; 1,337 square feet; built in 2006; Lower‑level end unit with a side patio