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

    223 Market St Hallam, PA 17406-1030

    • Investment properties
    • 1,456 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1442086
    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

    • Investment properties

    Property Details for 223 Market St

    Year built
    1900
    Construction
    WOOD
    Lot size
    0.66 lot acres
    Property size
    1,456 SF
    Zone code
    R-T
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    66-000-01-0031.00-00000
    APU
    660000100310000000

    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
    Hallam
    County
    York
    State
    Pennsylvania
    Longitude
    -76.6081
    Latitude
    40.0045
    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
    $5,247
    $47,690
    $93,050
    $140,740
    -
    $47,690
    $93,050
    $140,740

    Comparable in this City

    • Value Estimation
      $550,000
      1,008 SF

      73 Broad St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,008 SF
      73 Broad St, Hallam, PA 17406-1423
      View Details
    • Value Estimation by Request
      1,884 SF

      481 Market St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,884 SF
      481 Market St, Hallam, PA 17406-1109
      View Details
    • Value Estimation by Request
      1,242 SF

      5580 Mt Pisgah Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,242 SF
      5580 Mt Pisgah Rd, York, PA 17406-9118
      View Details
    • Value Estimation by Request
      1,132 SF

      4916 Prospect Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,132 SF
      4916 Prospect Rd, York, PA 17406-8643
      View Details
    • Value Estimation by Request
      1,196 SF

      70 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,196 SF
      70 Main St, York, PA 17406
      View Details
    • Value Estimation by Request
      3,120 SF

      360 Meadowbrook Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,120 SF
      360 Meadowbrook Ave, Hallam, PA 17406-1004
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Commercial Land Near York Galleria

      2-acre commercial land parcel for development near York Galleria.
      1573 Mount Zion Rd, York, PA 17406
      View Details
    • $199,900

      Charming Townhome in Central York

      Well-maintained 3-bedroom townhome with scenic views and modern amenities.
      2255 N Point Dr, York, PA 17406
      View Details
    • $480,000
      3.20 Acres

      York Industrial Land: 3.2 Acres

      Prime Industrial Land, Approved Building Plans
      20 Marianne Dr, York, PA 17406
      View Details
    • $280,000

      Ranch Condo with Walkout Basement

      Low-maintenance condo with walkout basement, natural light, and ample storage.
      2418 Winterberry Ln, York, PA 17406
      View Details
    • New
      $89,900
      0.72 Acres

      Residential Land in York, PA

      0.72 acre lot with rehab opportunity or new construction potential.
      1091 Valley View Rd, York, PA 17406
      View Details
    • $725,000
      1.04 Acres

      Prime York County Commercial Land

      1.04 Acres, High Visibility, I-83 Access
      10 Cloverleaf Rd, York, PA 17406
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      65,340 SF

      York, PA Trailer Parking Lot

      126 Spots, Prime Industrial Location
      20 Willow Springs Cir, York, PA 17406
      View Details
    • $15 SF/Yr
      1,586,455 SF

      Class A Office Space Available

      Professional office space for lease near Interstate 83 in York.
      250 Cross Farm Ln, York, PA 17406
      View Details
    • Contact for pricing
      85,195 SF

      York Distribution Property For Rent

      Refrigerated, freezer, and dry storage space available for lease.
      600 Bartlett Dr, York, PA 17406
      View Details
    • $5 SF/Yr
      12,774 SF

      Renovated Industrial Unit For Lease

      Recently renovated industrial unit with docks and drive-in doors.
      25 Marianne Dr, York, PA 17406
      View Details
    • $7,000 /Mo

      High-Visibility Land Lease Opportunity

      Prime corner location with high traffic and flexible business options.
      671 W Market St, Hallam, PA 17406
      View Details
    • Contact for pricing
      8,340 SF

      Susquehanna Trail Retail Redevelopment

      Prime Retail Space, I-83 Visibility
      3245 Susquehanna Trl, York, PA 17406
      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.
    223 Market St
    Hallam, PA 17406-1030
    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.