Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Gotham Pl Red Lion, PA 17356

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Gotham Pl Red Lion, PA 17356

    View on Map
    • Land
    • 6.41 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Gotham Pl

    Lot size
    6.41 lot acres
    Property type
    Land

    Description

    This exceptional 6.41-acre parcel in Red Lion, Pennsylvania, presents a remarkable opportunity for high-density residential development. Zoned for high-density residential use, the property boasts pre-approved plans for the construction of 54 townhomes or apartments. All necessary approvals are in place, streamlining the development process and minimizing potential delays. Located on a desirable cul-de-sac within the sought-after Dallastown School District, this site offers unparalleled convenience and accessibility. Residents will enjoy proximity to a wide array of amenities and services, while also benefiting from easy commutes to major employment centers in Lancaster, Harrisburg, and Maryland. The expansive lot size provides ample space for the planned development, along with potential for additional landscaping or community features. Detailed plans are available for review, providing a comprehensive understanding of the approved project scope and specifications. This is a truly exceptional opportunity to capitalize on the strong demand for residential housing in this thriving area. The asking price for this ready-to-build site is $1,200,000. The property is situated in York County, Pennsylvania, with the address listed as Gotham Pl, Red Lion, PA 17356. GPS coordinates are 39.9079249 latitude and -76.6168927 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Red Lion
    County
    York
    State
    Pennsylvania
    Longitude
    -76.6169
    Latitude
    39.9079

    Comparable in this City

    • Value Estimation by Request
      14.18 Acres

      3405 Springwood Rd

      Land • 14.18 Acres
      3405 Springwood Rd, Red Lion, PA 17356
      View Details
    • Value Estimation by Request
      4.23 Acres

      874 Delta Rd

      Farms • 4.23 Acres
      874 Delta Rd, Red Lion, PA 17356
      View Details
    • Value Estimation by Request
      7.04 Acres

      825 Delta Rd

      Land • 7.04 Acres
      825 Delta Rd, Red Lion, PA 17356
      View Details
    • Value Estimation by Request
      6.33 Acres

      Windsor Rd

      Farms • 6.33 Acres
      0 Windsor Rd, Red Lion, PA 17356
      View Details
    • Value Estimation
      $1,085,000
      3,102 SF

      267 Broadway

      MOBILE HOME PARK, TRAILER PARK • 3,102 SF
      267 Broadway, Red Lion, PA 17356-1420
      View Details
    • Value Estimation by Request
      1,800 SF

      Burkholder Rd

      CAMPGROUND, RV PARK • 1,800 SF
      Burkholder Rd, Red Lion, PA 17356
      View Details

    Similar Nearby for Sale

    • $319,500

      Commercial Land Parcel in Winterstown

      5.14-acre commercial land parcel suitable for mini storage.
      12022 Winterstown Rd, Red Lion, PA 17356
      View Details
    • Contact for pricing

      York County Commercial Land Available

      38.4 acres of commercial land in York County, PA.
      2589 Cape Horn Rd, Red Lion, PA 17356
      View Details
    • New
      $90,000
      1.00 Acre

      Flat One Acre Lot

      One acre lot in a convenient location.
      3 Kendale Rd, Red Lion, PA 17356
      View Details
    • Contact for pricing

      Commercial Land in High Traffic Area

      1.96 acre commercial land parcel in York Township.
      2540 Cape Horn Rd, Red Lion, PA 17356
      View Details
    • New
      $850,000
      1.96 Acres

      Commercial Land in High-Traffic Area

      1.96 acre commercial land parcel in booming Red Lion, PA.
      2540 Cape Horn Rd, Red Lion, PA 17356
      View Details
    • Contact for pricing

      Commercial Land in High Traffic Area

      1.96 acre commercial land parcel in York Township.
      2540 Cape Horn Rd, Red Lion, PA 17356
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Near Giant Foods

      Land for lease near major retailers and high-traffic intersection.
      Cape Horn Rd, Red Lion, PA 17356
      View Details
    • Contact for pricing

      Downtown Red Lion Office Space

      Flexible office space in a vibrant downtown location.
      16 N Main St, Red Lion, PA 17356
      View Details
    • $8 SF/Yr
      38,000 SF

      Industrial Facility Under Construction

      38,000 SF industrial facility with 30' clear height.
      100 Redco Ave, Red Lion, PA 17356
      View Details
    • $8 SF/Yr
      1,750 SF

      Red Lion Office Space Available

      Efficient office space near the square in Red Lion.
      201 S Charles St, Red Lion, PA 17356
      View Details
    • $16 SF/Yr
      465 SF

      Established Restaurant & Bar Opportunity

      Fully-equipped restaurant and bar with liquor license for rent.
      39 N Main St, Red Lion, PA 17356
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Red Lion

      Retail space available in shopping center anchored by Giant Foods.
      3133-3175 Cape Horn Rd, Red Lion, PA 17356
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Gotham Pl
    Red Lion, PA 17356
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!