New search
Property profile & analytics
FOR LEASE
Retail space
15 Cinema Dr York, PA 17402
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US73-0889452
For Lease
$2,470,000
15 Cinema Dr, York, PA 17402
View Listing →
Property summary
AI-generated overview
This exceptional 22,380 square foot retail strip center, located at 15 Cinema Drive in York, Pennsylvania (zip code 17402), presents a unique investment opportunity. Situated on a 2.12-acre lot, this property enjoys a highly visible location along Cinema Drive, with convenient access from Market Street. The center features multiple entry points, ensuring excellent accessibility for customers. Currently, the center houses a mix of established businesses, including Marcello's Pizza, CPRS Physical Therapy, and White Rose Dental, alongside a strong presence of national brands such as Dollar General, Rite Aid, Turkey Hill, and McDonald's in the immediate vicinity. One retail space of 6,180 square feet is currently available. The property is zoned Commercial Highway and is located in York County. The property's strong tenant mix and prime location contribute to its high traffic volume. Net operating expenses are $3.40 per square foot. This property offers an excellent opportunity for retailers seeking a thriving location within a well-established commercial area.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Total area
22,200 SF
Lot
2.05 ac (89,298 SF)
Zoning code
C-H
APN
46-000-JJ-0058.E0-00000
UPID
US73-0889452
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$2.47M
Owner & transaction history
Cinema Drive Associates LLC · 15 yrs held
Cinema Drive Associates LLC
since 2011
5 recorded transactions
Zoning & alternative use
C-H · York, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs York submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,460,000
Current use
Blend value · Realmo final
$2.47M
Range $2.22M – $2.72M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$111 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$48,667
Tax year 2024
Assessed value
$1,655,890
Assessed 2024
Previous assessed
$1,655,890
+0.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$431,790
Assessed improvement
$1,224,100
Land market value
$431,790
Improvement market value
$1,224,100
Total market value
$1,655,890
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2006
Heating
FORCED AIR
Cooling
CENTRAL
Total area
22,200 SF
Lot
2.05 ac (89,298 SF)
Zoning code
C-H
APN
46-000-JJ-0058.E0-00000
UPID
US73-0889452
Jurisdiction
YORK
Zoning & alternative use
C-H · York, PA
Zoning C-H · permitted uses
C-H · York, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
York. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.5M
RETAIL STORES Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Cooling
Yes
Lot
2.05 ac
Current owner
From public records · entity-resolved
Cinema Drive Associates LLC
Entity
Mailing address
3528 CONCORD RD, YORK, PA 17402-8626
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2021
—
Cinema Drive Associates LLC
—
Deed
related
$620,000 · Northwest Bank
Jan 14, 2011
$2,629
Cinema Drive Associates LLC
Sheriff Of York County
Trustees Deed
related
—
—
—
Cinema Drive Associates LLC
—
Deed Of Trust
related
$280,000 · York Traditions Bank
—
—
Cinema Drive Associates LLC
—
Deed Of Trust
related
$800,000 · Northwest Savings Bank
—
—
Cinema Drive Associates LLC
—
Deed Of Trust
related
$150,000 · Northwest Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
