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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Medical Office Space
1777 5th Ave York, PA 17403-2632
Entity Owned
5-yr Hold
Free & Clear
Property ID
US73-4301372
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Total area
9,072 SF
Lot
0.82 ac (35,719 SF)
APN
48-000-11-0020.C0-00000
UPID
US73-4301372
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
Current use
Occupant on record · Public records
-
Internal Medicine Consultants Physician
-
Dr. Christopher J. Evans, DO Physician
-
Dr. Thomas Kurland, DO Physician
-
Bridget A Hilliard, MD Pediatrician Physician
-
Carol A Henderson, DNP Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$984k
Blend (final)
Blend
$1.21M
Owner & transaction history
Wellspan Properties INC · 5 yrs held
Wellspan Properties INC
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+89.1%
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
$1,170,000
ML approach
$1,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$990,000
Current use
RESTAURANT
$1,870,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$930,000
Change: -6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$865,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$840,000
Change: -15% · Conversion: Easy
WAREHOUSE, STORAGE
$830,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.23M (Mar 26 2021)
Last sale anchor
$1.23M
Mar 26 2021
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
$133 / 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
$30,913
Tax year 2024
Assessed value
$838,310
Assessed 2024
Previous assessed
$838,310
+0.0% YoY
Effective rate
3.69%
On assessed value
Assessed land
$65,930
Assessed improvement
$772,380
Land market value
$65,930
Improvement market value
$772,380
Total market value
$838,310
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Cooling
CENTRAL
Total area
9,072 SF
Lot
0.82 ac (35,719 SF)
APN
48-000-11-0020.C0-00000
UPID
US73-4301372
Jurisdiction
YORK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$990,000
RESTAURANT
Est. value
$1.9M
RETAIL STORES
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$865,000
OFFICE BUILDING
Est. value
$840,000
WAREHOUSE, STORAGE
Est. value
$830,000
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1981
Heating
FORCED AIR
Cooling
Yes
Lot
0.82 ac
Current owner
From public records · entity-resolved
Wellspan Properties INC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 2767, YORK, PA 17405-2767
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2021
$1,225,000
Wellspan Properties INC
Imc Fifth Avenue Partners LP
Deed
—
Feb 2, 2015
$183,333
Imc Fifth Avenue Partners LP
York Pennsylvania Hosp Co LLC
Trustees Deed
$198,000 · Peoples Bk
Dec 12, 2012
—
York Pennsylvania Hosp Co LLC
—
Grant Deed
related
$1,600,000,000 · Credit Suisse Ag
Jul 3, 2012
$8,516,380
York Pennsylvania Hosp Co LLC
Memorial Hospital
Grant Deed
—
Jul 3, 2012
—
York Pennsylvania Hosp Co LLC
Memorial Hospital
Quit Claim Deed
related
—
—
—
York Pennsylvania Hosp Co LLC
—
Loan Modification
related
—
—
—
York Pennsylvania Hosp Co LLC
—
Loan Modification
related
—
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.
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