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    Property profile & analytics

    202 Fairview St Mount Joy, PA 17552

    • Commercial real estate
    • 3,132 SF
    • 5.20 lot acres
    OFF-MARKET
    Last Sale
    Jul 29, 2021
    $282,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1053889
    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

    • Commercial real estate

    Property Details for 202 Fairview St

    Year built
    1967
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.20 lot acres
    Property size
    3,132 SF
    Zone code
    C
    Property type
    Commercial real estate
    APN
    450-60847-0-0000
    APU
    4506084700000

    Description

    This exceptional 5.2-acre property in Mount Joy, Pennsylvania, presents a unique investment opportunity. The main building offers 4,166 square feet of retail space, currently configured as a well-established pool and recreation center. The property includes a substantial 8,647 square foot pool area, a 3,166 square foot main entry, bath, and shower facility, and a 1,000 square foot two-bay garage/shed (50x20). The property boasts rail frontage and is zoned C-Conservation. Located in the desirable Mount Joy Borough and Donegal School District, this property offers significant potential for redevelopment or continued operation as a recreational facility. The asking price is $395,000, with a price per square foot of $94.82. Annual property taxes are $6,574. This is a rare opportunity to acquire a large parcel with existing structures and significant development potential in a thriving community. The property's size and unique features make it an attractive investment for a variety of uses. Serious inquiries only.

    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
    Mount Joy
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.5089
    Latitude
    40.1124
    CBSA code
    29540
    CBSA name
    LANCASTER, 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
    $12,363
    $252,000
    $210,100
    $462,100
    -
    $252,000
    $210,100
    $462,100

    Comparable in this City

    • Value Estimation by Request
      1.60 Acres

      610 Main St

      Land • 1.60 Acres
      610 Main St, Mount Joy, PA 17552
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    • Value Estimation by Request
      4,500 SF

      Confidential Address

      Retail properties & Spaces • 4,500 SF
      0 Confidential Address, Mount Joy, PA 17552
      View Details
    • Value Estimation
      $7,640,000
      46,890 SF

      607 Hearthstone Ln

      COMMERCIAL CONDOMINUIM • 46,890 SF
      607 Hearthstone Ln, Mount Joy, PA 17552-9687
      View Details
    • Value Estimation by Request
      2,640 SF

      Confidential

      Investment properties • 2,640 SF
      0 Confidential, Mount Joy, PA 17552
      View Details
    • Value Estimation by Request
      195,260 SF

      Pa-230

      Retail properties & Spaces • 195,260 SF
      0 Pa-230, Mount Joy, PA 17552
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    • Value Estimation by Request
      3,435 SF

      1580 Strickler Rd

      Restaurants • 3,435 SF
      1580 Strickler Rd, Mount Joy, PA 17552
      View Details

    Similar Nearby for Sale

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      6,020 SF

      Retail Opportunity Near Spooky Nook

      Retail property near major routes and Spooky Nook Sports.
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      Mount Joy Development Opportunity

      Development opportunity near Route 283 and Spooky Nook Sports.
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    • $7,200,000
      84.00 Acres

      84 Acres Mount Joy Development Land

      Prime Agricultural Land, Development Potential
      0 Snyder Rd, Mount Joy, PA 17552
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      19.7 Acres of Farmland

      19.7 acres of farmland in Lancaster County for sale.
      3860 Old Harrisburg Pike, Mount Joy, PA 17552
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      Land Available For Sale

      Land available with potential for rezoning.
      1578 Emerson Dr, Mount Joy, PA 17552
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      4,166 SF

      Established Recreation Area For Sale

      Pool and recreation area for sale on 5.2 acres.
      202 Fairview St, Mount Joy, PA 17552
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Retail Space Available

      New construction retail space near Spooky Nook Sports complex.
      1580 Strickler Rd, Mount Joy, PA 17552
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      New Retail Space in Mount Joy

      Newly constructed shopping center with high visibility and accessibility.
      Pa-230, Mount Joy, PA 17552
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      249,706 SF

      Industrial Warehouses with Dock Doors

      Two industrial warehouses featuring rear loading and dock doors.
      1295 E Main St, Mount Joy, PA 17552
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    • Contact for pricing
      8,846 SF

      Retail Space in Columbia Shopping Center

      Retail spaces available in Weis Grocery anchored shopping center.
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    Request Owner's contact information
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    202 Fairview St
    Mount Joy, PA 17552
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    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
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