Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1601 Queen St York, PA 17403-4630

    • Medical Office Space
    • 2,044 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2980299
    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

    • Dr. Heather A. Thieme, MD / Physician
    • Joseph P Esposito, MD / Physician
    • Dr. Elise F. Thomas, MD / Pediatrician / Medical Clinic
    • Tri Hill Financial Advisors / Financial Advisor
    • Angela March / Physician

    Property Details for 1601 Queen St

    Year built
    1970
    Lot size
    0.43 lot acres
    Property size
    2,044 SF
    Zone code
    RS
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    48-000-21-0202.B0-00000
    APU
    48000210202B000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.7056
    Latitude
    39.9435
    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
    $8,650
    $89,920
    $144,660
    $234,580
    -
    $89,920
    $144,660
    $234,580

    Comparable in this City

    • Value Estimation by Request
      2,562 SF

      1401 Market St

      MEDICAL BUILDING • 2,562 SF
      1401 Market St, York, PA 17403-1254
      View Details
    • Value Estimation by Request
      1,232 SF

      924 Colonial Ave

      MEDICAL BUILDING • 1,232 SF
      924 Colonial Ave, York, PA 17403-3450
      View Details
    • Value Estimation by Request
      4,260 SF

      36 Leaders Hts Rd

      MEDICAL BUILDING • 4,260 SF
      36 Leaders Hts Rd, York, PA 17403-5033
      View Details
    • Value Estimation by Request
      1,922 SF

      1601 Queen St

      MEDICAL BUILDING • 1,922 SF
      1601 Queen St, York, PA 17403-4630
      View Details
    • Value Estimation
      $610,000
      8,652 SF

      1945 Queenswood Dr

      MEDICAL BUILDING • 8,652 SF
      1945 Queenswood Dr, York, PA 17403-4254
      View Details
    • Value Estimation by Request
      4,404 SF

      650 Richland Ave

      MEDICAL BUILDING • 4,404 SF
      650 Richland Ave, York, PA 17403-3446
      View Details

    Similar Nearby for Sale

    • $1,511,746
      7,830 SF

      York Medical Office Building Investment

      High-yield medical office, 100% occupied.
      1776 Queen St, York, PA 17403
      View Details
    • $766,560
      4,791 SF

      York Medical Office Building

      Prime Medical Office Space, I-83 Access
      300 Pine Grove Cmns, York, PA 17403
      View Details
    • Contact for pricing
      5,016 SF

      Medical Facility in Park-Like Setting

      Two-story medical facility with outdoor space and tenant potential.
      50 Wyntre Brooke Dr, York, PA 17403
      View Details
    • $540,000
      3,308 SF

      Office Condominium on South Queen

      Office condominium for sale or lease on South Queen Street.
      1776 S Queen St, York, PA 17403
      View Details
    • $310,000
      0.17 Acres

      Renovated Office Building, York PA

      Newly renovated office building in downtown York location.
      325 E Market St, York, PA 17403
      View Details
    • Contact for pricing
      4,791 SF

      York Office Condo For Sale

      Office condo with abundant parking and accessible entrance.
      100-400 Pine Grove Cmns, York, PA 17403
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,800 SF

      Leader Square Shoppes: York, PA

      York Retail/Office Space: Prime Location, High Visibility
      19 Reynolds Mill Rd, York, PA 17403
      View Details
    • Contact for pricing
      47,439 SF

      York County Industrial Space For Lease

      Large Manufacturing/Warehouse, 47,439 SF
      2720 Queen St, York, PA 17403
      View Details
    • Contact for pricing
      4,705 SF

      Professional Office/Medical Space Available

      4,705 SF office/medical space with dedicated parking, private entrance.
      1399 S Queen St, York, PA 17403
      View Details
    • $18 SF/Yr
      1,710 SF

      Medical Office in Professional Center

      Medical office suite in a secure, accessible professional center.
      1600 6Th Ave, York, PA 17403
      View Details
    • Contact for pricing
      2,774 SF

      Functional Office Space Available

      Move-in ready office suite in a high-traffic, amenity-rich location.
      912 S George St, York, PA 17403
      View Details
    • Contact for pricing
      3,000 SF

      New Office/Retail Space Available

      New 3,000 SF office/retail space in repurposed warehouse complex.
      1320 W Market St, York, PA 17403
      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.
    1601 Queen St
    York, PA 17403-4630
    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!