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Property profile & analytics
FOR LEASE
Office buildings

73 E Forrest Ave Shrewsbury, PA 17361

31,389 SF 2.17 ac lot Built 1987
Individually Owned 8-yr Hold ~ Est. High Equity
Property ID
US73-1909425
Property summary
AI-generated overview

This three-story, Class B office building, totaling 31,389 square feet, is located at 73 E. Forrest Ave., Shrewsbury, PA 17361, in York County. Built in 1987, the property features 21 suites available for multiple tenancies, offering flexible lease terms. The building boasts convenient access to Interstate-83, providing quick commutes to York and Harrisburg. Its prime location offers proximity to various amenities including banks, restaurants, and shopping centers. The building includes one elevator, 60 parking spaces, and numerous common area features. The property sits on 2.17 acres of land and is zoned RS. The building currently houses a diverse range of businesses, reflecting the area's strong economic activity. Shrewsbury's growth is further supported by planned Interstate-83 improvements and the recent establishment of new businesses, including a Johnson Controls production facility. Nearby, two new housing developments are underway, indicating a thriving residential market. This presents a unique opportunity to establish a presence in a dynamic and expanding community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Total area 31,389 SF
Lot 2.17 ac (94,699 SF)
Zoning code RS
APN 84-000-06-0201.00-00000
UPID US73-1909425
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
Current use
Occupant on record · Public records
  • South Central Chiropractic Sports and Wellness Alternative Medicine Practice
  • The Law Offices of Hoffmeyer and Semmelman, L.L.P. Law Firm Child Welfare Organization
  • Cris Stabley - State Farm Insurance Agent Insurance Agency
  • WellSpan Rehabilitation - Shrewsbury Medical Clinic
  • Palmetto Services - Building Maintenance Commercial Cleaning Service Carpet Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.38M
Blend (final) Blend
$1.76M
Owner & transaction history
Dire Wolf Ltd · 8 yrs held
Dire Wolf Ltd
since 2018
2 recorded transactions
2018
$2.7M
1969
Price N/A
Zoning & alternative use
RS · Shrewsbury, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $2.8M +9.7%
Commercial (general) $2.6M +3.0%
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