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    135 Sheraton Dr New Cumberland, PA 17070-2440
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    Property profile & analytics

    135 Sheraton Dr, New Cumberland, PA 17070-2440

    View on Map
    • Turn key restaurants
    • 5,200 SF
    • 2.65 lot acres
    Off-Market
    Last Sale Aug 6, 2024
    $875,000
    Property ID
    US73-2889206
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $875,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 135 Sheraton Dr

    Year built
    1988
    Lot size
    2.65 lot acres
    Zone code
    CH
    Property type
    Turn key restaurants
    APN
    27-000-SF-0002.F0-00000
    APU
    27000SF0002F000000

    Description

    This exceptional 2.65-acre retail property at 135 Sheraton Drive in New Cumberland, Pennsylvania, presents a compelling redevelopment opportunity. Strategically located directly off the I-83/I-76 interchange, this site boasts unparalleled visibility and accessibility for businesses seeking a high-traffic location in Central Pennsylvania. The property features two available pad sites, each designed to accommodate drive-thru capabilities, making it ideal for food service, retail, or other businesses requiring convenient customer access. This is a single-tenant property with 1 square foot currently vacant. The site's convenient access points directly off Sheraton Drive ensure easy ingress and egress for customers. Furthermore, the property benefits from its proximity to established businesses, including Pizza Hut, McDonald's, Sunoco, Clarion Hotels, and Holiday Inn Express, creating a synergistic environment and attracting significant consumer traffic. This location offers a rare chance to establish a thriving business within a densely populated and highly accessible area. The property is situated in York County and has a zip code of 17070.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $875,000
      ML approach
      $875,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $960,000
      Market price range: $237k - $1.02M
      AI Estimate
      $700,000
      Market price range: $253k - $701k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $620,000
      Current use
      COMMERCIAL (GENERAL)
      $575,000
      Change: -7% Conversion: Easy
      MEDICAL BUILDING
      $570,000
      Change: -8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $535,000
      Change: -14% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Cumberland
    County
    York
    State
    Pennsylvania
    Longitude
    -76.8782
    Latitude
    40.2129
    CBSA code
    49620
    CBSA name
    YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $20,318
    $413,380
    $406,140
    $819,520
    -
    $413,380
    $406,140
    $819,520

    Comparable in this City

    • Value Estimation by Request
      3,324 SF

      115 Old York Rd

      RESTAURANT
      115 Old York Rd, New Cumberland, PA 17070-2492
      View Details
    • Value Estimation
      $620,000
      6,565 SF

      146 Sheraton Dr

      RESTAURANT
      146 Sheraton Dr, New Cumberland, PA 17070-2440
      View Details
    • Value Estimation by Request
      3,010 SF

      118 Old York Rd

      RESTAURANT
      118 Old York Rd, New Cumberland, PA 17070-2480
      View Details
    • Value Estimation by Request
      5,344 SF

      114 Brg St

      RESTAURANT
      114 Brg St, New Cumberland, PA 17070-2123
      View Details
    • Value Estimation by Request
      8,460 SF

      1 Laurel Rd

      RESTAURANT
      1 Laurel Rd, New Cumberland, PA 17070-3144
      View Details
    • Value Estimation
      $835,000
      6,376 SF

      101 Limekiln Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      101 Limekiln Rd, New Cumberland, PA 17070-2469
      View Details

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    Similar Nearby for Lease

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      Harrisburg Restaurant and Retail Space

      Restaurant and retail space in modern apartment community.
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      Retail Space with Drive-Thru

      Retail space with drive-thru and ample parking available for rent.
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      View Details
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    New Cumberland, PA 17070-2440
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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.

    More about this property
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