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    2142 S Queen St York, PA 17403
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    Property profile & analytics

    2142 S Queen St, York, PA 17403

    View on Map
    • Community centers
    • 18,382 SF
    • 11.72 lot acres
    For Lease
    $16 SF/Yr
    View Listing →
    Retail Space in York, PA For Lease
    $16 SF/Yr
    124,708 SF

    Retail Space in York, PA

    Grocery-anchored shopping center with national co-tenants for lease.

    2142 S Queen St, York, PA 17403
    View Listing
    Property ID
    US73-1593500
    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.
    Value Estimations
    $800,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dollar Tree / (Bike/Boat/Book/etc) Store
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • KeyMe Locksmiths / Locksmith
    • LifePath Thrift Store & Donation Center / Discount Store
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service

    Property Details for 2142 S Queen St

    Year built
    1973
    Lot size
    11.72 lot acres
    Zone code
    RS
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    54-000-04-0045.00-00000
    APU
    540000400450000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $680,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $921,000
      Market price range: $304k - $935k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,260,000
      APARTMENT HOUSE (5+ UNITS)
      $1,205,000

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.6926
    Latitude
    39.9339
    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
    $167,042
    $1,440,620
    $3,497,630
    $4,938,250
    -
    $1,440,620
    $3,497,630
    $4,938,250

    Comparable in this City

    • Value Estimation by Request
      58,244 SF

      1045 Mount Rose Ave

      Lifestyle centers
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    • Value Estimation by Request
      2.85 Acres

      930 Richland Ave

      MINI-MALL
      930 Richland Ave, York, PA 17403-3423
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    • Value Estimation
      $3,140,000
      286,411 SF

      2081 Springwood Rd

      MINI-MALL
      2081 Springwood Rd, York, PA 17403-4827
      View Details
    • Value Estimation
      $585,000
      29,760 SF

      1700 Queen St

      SHOPPING CENTER, STRIP CENTER
      1700 Queen St, York, PA 17403-4612
      View Details
    • Value Estimation
      $975,000
      50,859 SF

      1019 Mt Rose Ave

      SHOPPING CENTER, STRIP CENTER
      1019 Mt Rose Ave, York, PA 17403-2961
      View Details
    • Value Estimation
      $710,000
      28,000 SF

      964 George St

      SHOPPING CENTER, STRIP CENTER
      964 George St, York, PA 17403-3708
      View Details

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      York Office and Storage Space

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      Multi-Unit Commercial Retail Space

      Well-located commercial space with flexible zoning and value-add potential.
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    • $297,000
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      Renovated Office Building, York PA

      Prime downtown location, versatile space for office, production, or retail.
      325 E Market St, York, PA 17403
      View Details
    • New
      $799,000
      13,140 SF

      Mixed-Use Investment Package in York

      Income-producing 6-unit investment package with parking and upside.
      22 N State St, York, PA 17403
      View Details
    • Contact for pricing
      2,270 SF

      Retail Redevelopment Opportunity on Corner

      Corner parcel suitable for retail redevelopment with high visibility.
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    Similar Nearby for Lease

    • Contact for pricing
      978 SF

      Retail Space with Ample Parking

      Retail space with great visibility and proximity to landmarks.
      1750 S Queen St, York, PA 17403
      View Details
    • Contact for pricing

      Retail Space in York, PA

      Grocery-anchored shopping center with national co-tenants for lease.
      2142 S Queen St, York, PA 17403
      View Details
    • Contact for pricing
      2,670 SF

      Retail Space in Colonial Center

      Move-in ready retail space in high-traffic York location.
      964 S George St, York, PA 17403
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in York Plaza

      Neighborhood retail shopping center with national and local tenants.
      180 Leaders Heights Rd, York, PA 17403
      View Details
    • Contact for pricing
      16,316 SF

      Grocery Anchored Retail Shopping Center

      Retail shopping center anchored by PriceRite Marketplace and national co-tenants.
      2142 S Queen St, York, PA 17403
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space on South Queen

      Retail space available in a busy York shopping center.
      2058 S Queen St, York, PA 17403
      View Details
    View Listing
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    York, PA 17403
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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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