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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Medical Office Space
1945 Queenswood Dr, York, PA 17403-4254
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-1664936
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Total area
8,652 SF
Lot
1.54 ac (67,082 SF)
Zoning code
RS
APN
54-000-II-0029.H0-00000
UPID
US73-1664936
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
-
Matthew Bilder, M.D. Ophthalmologist
-
Dr. Monika Singh Medical Clinic Ophthalmologist
-
Kenneth Brein Ophthalmologist
-
Dr. John Snyder Physician
-
Charles Letocha Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$648k
Blend (final)
Blend
$610k
Owner & transaction history
Queenswood Partners LLC · 8 yrs held
Queenswood Partners LLC
since 2018
4 recorded transactions
Zoning & alternative use
RS · 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
$375,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$940,000
Current use
RETAIL STORES
$885,000
Change: -6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$825,000
Change: -13% · Conversion: Difficult
OFFICE BUILDING
$800,000
Change: -15% · Conversion: Easy
WAREHOUSE, STORAGE
$795,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$71 / 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
$18,686
Tax year 2024
Assessed value
$552,420
Assessed 2024
Previous assessed
$552,420
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$143,830
Assessed improvement
$408,590
Land market value
$143,830
Improvement market value
$408,590
Total market value
$552,420
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
1986
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
8,652 SF
Lot
1.54 ac (67,082 SF)
Zoning code
RS
APN
54-000-II-0029.H0-00000
UPID
US73-1664936
Jurisdiction
YORK
Zoning & alternative use
RS · York, PA
Zoning RS · permitted uses
RS · 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
MEDICAL BUILDING Current
Est. value
$940,000
RETAIL STORES
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$825,000
OFFICE BUILDING
Est. value
$800,000
WAREHOUSE, STORAGE
Est. value
$795,000
MEDICAL BUILDING Current
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Queenswood Partners LLC
Entity
Mailing address
1945 QUEENSWOOD DR, YORK, PA 17403-4254
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
—
Queenswood Partners LLC
—
Deed
related
$292,000 · M & T Bank
Mar 15, 2018
—
Queenswood Parters LLC
—
Deed
related
$611,252 · M & T Bank
Feb 23, 2018
$635,283
Queenswood Partners LLC
Bilder,matthew B
Warranty Deed
—
Nov 29, 2016
$130,000
Kenneth R Brein
Letocha,charles E
Warranty Deed
—
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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