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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Office buildings
2200 George St, York, PA 17403-4594
Individually Owned
2-yr Hold
Free & Clear
Property ID
US73-1543211
Property summary
AI-generated overview
This exceptional two-story office building, situated on a 1.97-acre lot in York County, Pennsylvania, presents a unique investment opportunity. Built in 1979, the Class B property boasts a total of 72 parking spaces, ensuring convenient access for tenants and visitors. The building comprises three available suites, ranging in size from 998 square feet to 5,968 square feet, offering flexibility for various business needs. Each suite benefits from existing plumbing infrastructure. The property's strategic location between York Hospital and Apple Hill Medical Center provides excellent visibility and accessibility. The asking rent is $12 per square foot, with estimated net, net, net (NNN) expenses of $4.00 per square foot. This represents an inexpensive option for businesses seeking high-quality office space in a desirable location. The building's single structure, with its traditional office layout, offers a practical and efficient workspace. With its ample parking and convenient location, this property is ideal for a variety of businesses seeking a well-maintained and easily accessible office space in York, Pennsylvania, zip code 17403.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Total area
6,955 SF
Lot
1.97 ac (85,813 SF)
Zoning code
RS
APN
54-000-HI-0331.A0-00000
UPID
US73-1543211
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
-
Leader Heights Spine, Joint & Nerve Associates Alternative Medicine Practice
-
Dr. Damir Mujic Physician
-
Kimberly Carozzi Alternative Medicine Practice
-
Leader Heights Healthcare Alternative Medicine Practice
-
White Rose Wealth Management Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$880k
Blend (final)
Blend
$1.28M
Owner & transaction history
Yaghoub Nikon · 2 yrs held
Yaghoub Nikon
since 2024
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
RS · York, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+122.8%
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
$1,280,000
ML approach
$1,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,430,000
Change: +123% · Conversion: Moderate
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±10% · vs last sale $1.28M (Jan 2 2024)
Last sale anchor
$1.28M
Jan 2 2024
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
$184 / 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
$41,276
Tax year 2024
Assessed value
$1,220,230
Assessed 2024
Previous assessed
$1,220,230
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$231,580
Assessed improvement
$988,650
Land market value
$231,580
Improvement market value
$988,650
Total market value
$1,220,230
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
6,955 SF
Lot
1.97 ac (85,813 SF)
Zoning code
RS
APN
54-000-HI-0331.A0-00000
UPID
US73-1543211
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
RESTAURANT
Est. value
$1.4M
RESTAURANT
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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.97 ac
Current owner
From public records · entity-resolved
Yaghoub Nikon
Individual
Free & Clear · 2 yrs held
Mailing address
3703 PLEASANT VLY RD, YORK, PA 17406-7031
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2024
$1,280,000
Yaghoub Nikon
Peoplesbank Codorus Valley Co INC
Deed
—
Jan 31, 2019
$970,000
Peoples Bk
Residuary Trust
Grant 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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