Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2161 Market St York, PA 17402-2848

    • Medical offices
    • 3,743 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Jun 02, 2021
    $550,000
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    3.5%
    Medical offices
    Location Intelligence
    Property ID
    US73-2203510
    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. Brian E. Bowser, DMD / Dentist
    • Moyer Z Moyer-Hazen / Optometrist
    • Yealy Eye Care / Optometrist / Optician
    • Allison Cramer Brun / Optometrist
    • Integrity Optical / Optician / Optometrist

    Property Details for 2161 Market St

    Year built
    1962
    Lot size
    0.38 lot acres
    Property size
    3,743 SF
    Zone code
    N-C/H
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    46-000-02-0195.00-00000
    APU
    460000201950000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $525,000
      ML approach
      $480,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $500,000
      Market price range: $206k - $605k
      AI Estimate
      $323,000
      Market price range: $196k - $342k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $410,000
      Current use
      RETAIL STORES
      $585,000
      Change: +43% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $355,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.6859
    Latitude
    39.9739
    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
    $10,669
    $96,880
    $266,130
    $363,010
    -
    $96,880
    $266,130
    $363,010

    Comparable in this City

    • Value Estimation by Request
      3,636 SF

      2003 Market St

      MEDICAL BUILDING • 3,636 SF
      2003 Market St, York, PA 17402-2841
      View Details
    • Value Estimation
      $510,000
      6,644 SF

      2700 Eastern Blvd

      MEDICAL BUILDING • 6,644 SF
      2700 Eastern Blvd, York, PA 17402-2906
      View Details
    • Value Estimation by Request
      5,472 SF

      3230 Eastern Blvd

      MEDICAL BUILDING • 5,472 SF
      3230 Eastern Blvd, York, PA 17402-3030
      View Details
    • Value Estimation by Request
      4,478 SF

      800 Edgewood Rd

      MEDICAL BUILDING • 4,478 SF
      800 Edgewood Rd, York, PA 17402-4379
      View Details
    • Value Estimation by Request
      4,778 SF

      3949 Market St

      MEDICAL BUILDING • 4,778 SF
      3949 Market St, York, PA 17402-2780
      View Details
    • Value Estimation by Request
      2,100 SF

      1946 Security Dr

      MEDICAL BUILDING • 2,100 SF
      1946 Security Dr, York, PA 17402-4727
      View Details

    Similar Nearby for Sale

    • $100,000
      2.05 Acres

      Established Nail Salon Business Opportunity

      Profitable nail salon and spa business for sale in York.
      3013 E Market St, York, PA 17402
      View Details
    • $5,995,000
      48.00 Acres

      Prime York County Agricultural Land

      48 Acres, 3 Buildings, Development Potential
      101 Homestead Rd, York, PA 17402
      View Details
    • Contact for pricing
      4,133 SF

      York, PA Retail Portfolio

      Three remodeled retail buildings, ideal for various uses.
      100 Memory Ln, York, PA 17402
      View Details
    • $129,900
      0.52 Acres

      Residential Land in York, PA

      Residential lots available in Dallastown School District, York, PA.
      Chestnut Hill Rd, York, PA 17402
      View Details
    • $149,900
      0.55 Acres

      Residential Land in Dallastown District

      Estate lots in York, PA, near golf and amenities.
      Chestnut Hill Rd, York, PA 17402
      View Details
    • $499,000
      1.31 Acres

      York County Commercial Land Opportunity

      1.31-acre commercial lot, high traffic area.
      2410 Cape Horn Rd, York, PA 17402
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,000 SF

      York Retail Center: Prime Location

      9,000 SF Retail Space, Built 2024
      5 Wyndham Dr, York, PA 17402
      View Details
    • $1,090 /Mo
      1,160 SF

      Professional Office Suite For Rent

      Professional office suite in Prospect Road Professional Center, East York.
      877 Clare Ln, York, PA 17402
      View Details
    • $6 SF/Yr
      1,300 SF

      Professional Office Space Available

      Office space with private offices and multipurpose room for rent.
      2340 Eastern Blvd, York, PA 17402
      View Details
    • Contact for pricing
      5,000 SF

      New Class A Office Space

      New construction Class A office space available for rent.
      3210 E Prospect Rd, York, PA 17402
      View Details
    • $6 SF/Yr
      4,898 SF

      East York Office Space Available

      Modern office suites, flexible leases
      2575 Eastern Blvd, East York, PA 17402
      View Details
    • Contact for pricing
      10,000 SF

      York Retail/Office Building For Lease

      10,000 SF commercial building with retail and office space.
      175 N Hills Rd, York, PA 17402
      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.
    2161 Market St
    York, PA 17402-2848
    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.