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    Property profile & analytics

    1561 Rte 116 Spring Grove, PA 17362-8416

    • Investment properties
    • 1,854 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimation
    $150,000
    Last Sale
    Nov 05, 2020
    $150,000
    Location Intelligence
    Property ID
    US73-1548148
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 1561 Rte 116

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.51 lot acres
    Property size
    1,854 SF
    Zone code
    RS
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    33-000-01-0055.00-00000
    APU
    330000100550000000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spring Grove
    County
    York
    State
    Pennsylvania
    Longitude
    -76.853
    Latitude
    39.8984
    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
    $4,486
    $14,470
    $122,330
    $136,800
    -
    $14,470
    $122,330
    $136,800

    Comparable in this City

    • Value Estimation
      $190,000
      2,144 SF

      77 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,144 SF
      77 Main St, Spring Grove, PA 17362-1013
      View Details
    • Value Estimation
      $345,000
      1,275 SF

      1870 Smith Sta Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,275 SF
      1870 Smith Sta Rd, Spring Grove, PA 17362-8978
      View Details
    • Value Estimation
      $245,000
      4,491 SF

      54 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,491 SF
      54 Main St, Spring Grove, PA 17362-1016
      View Details
    • Value Estimation
      $345,000
      3,382 SF

      9701 Orch Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,382 SF
      9701 Orch Rd, Spring Grove, PA 17362-8659
      View Details
    • Value Estimation
      $335,000
      1,960 SF

      6338 York Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,960 SF
      6338 York Rd, Spring Grove, PA 17362-9175
      View Details
    • Value Estimation
      $210,000
      2,220 SF

      11 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,220 SF
      11 Main St, Spring Grove, PA 17362-1015
      View Details

    Similar Nearby for Sale

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      Commercial Property on York Road

      Highly visible commercial property with redevelopment potential in Spring Grove, PA.
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      Prime Commercial Land Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      63,400 SF

      Spring Forge Shoppes Retail Center

      York County retail space available.
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      View Details
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      28,094 SF

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    1561 Rte 116
    Spring Grove, PA 17362-8416
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    Realmo Value Estimation

    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.

    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.

    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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