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    Property profile & analytics

    23 Broadway Red Lion, PA 17356-1401

    • Specialty properties
    • 12,050 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2312910
    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

    • Red Lion Legion 543 / Bar & Pub
    • American Legion Post 543 - Red Lion / Advocacy Group / Social Service Agency

    Property Details for 23 Broadway

    Year built
    1957
    Lot size
    0.21 lot acres
    Property size
    12,050 SF
    Zone code
    RS
    Property type
    Specialty properties
    APN
    82-000-02-0238.00-00000
    APU
    820000202380000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $571,000
      Market price range: $394k - $784k

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $570,000
      Current use
      MEDICAL BUILDING
      $945,000
      Change: +66% Conversion: Difficult
      OFFICE BUILDING
      $940,000
      Change: +64% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $860,000
      Change: +50% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $745,000
      Change: +31% Conversion: Difficult
      RETAIL STORES
      $675,000
      Change: +18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Lion
    County
    York
    State
    Pennsylvania
    Longitude
    -76.6056
    Latitude
    39.9013
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,620 SF

      134 Broadway

      FUNERAL HOME • 10,620 SF
      134 Broadway, Red Lion, PA 17356-2104
      View Details
    • Value Estimation
      $2,195,000
      25,200 SF

      3290 Cpe Horn Rd

      CHARITABLE ORGANIZATION • 25,200 SF
      3290 Cpe Horn Rd, Red Lion, PA 17356-9073
      View Details
    • Value Estimation
      $815,000
      9,112 SF

      425 Broadway

      VETERINARY, ANIMAL HOSPITAL • 9,112 SF
      425 Broadway, Red Lion, PA 17356-8856
      View Details
    • Value Estimation by Request
      15,658 SF

      323 Broadway

      CHARITABLE ORGANIZATION • 15,658 SF
      323 Broadway, Red Lion, PA 17356-2010
      View Details
    • Value Estimation by Request
      7,945 SF

      35 Gotham Dr

      FUNERAL HOME • 7,945 SF
      35 Gotham Dr, Red Lion, PA 17356-9586
      View Details
    • Value Estimation
      $585,000
      9,478 SF

      780 Lombard Rd

      VETERINARY, ANIMAL HOSPITAL • 9,478 SF
      780 Lombard Rd, Red Lion, PA 17356-8227
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,800 SF

      Red Lion Retail Opportunity

      Retail property with dedicated parking in downtown Red Lion.
      1 N Main St, Red Lion, PA 17356
      View Details
    • Contact for pricing

      York County Commercial Land Available

      38.4 acres of commercial land in York County, PA.
      2589 Cape Horn Rd, Red Lion, PA 17356
      View Details
    • Contact for pricing

      Commercial Land on Main Street

      High-visibility commercial land perfect for business expansion.
      675 S Main St, Red Lion, PA 17356
      View Details
    • $850,000
      1.96 Acres

      Commercial Land in High-Traffic Area

      1.96 acre commercial land parcel in booming Red Lion, PA.
      2540 Cape Horn Rd, Red Lion, PA 17356
      View Details
    • Contact for pricing
      4,380 SF

      Versatile Building in Red Lion

      Adaptable commercial building with office, retail, and warehouse space.
      67 N Main St, Red Lion, PA 17356
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space in Red Lion

      Retail space available in shopping center anchored by Giant Foods.
      3133-3175 Cape Horn Rd, Red Lion, PA 17356
      View Details
    • Contact for pricing

      Commercial Land Near Giant Foods

      Land for lease near major retailers and high-traffic intersection.
      Cape Horn Rd, Red Lion, PA 17356
      View Details
    • $16 SF/Yr
      465 SF

      Established Restaurant & Bar Opportunity

      Fully-equipped restaurant and bar with liquor license for rent.
      39 N Main St, Red Lion, PA 17356
      View Details
    • $8 SF/Yr
      1,750 SF

      Red Lion Office Space Available

      Efficient office space near the square in Red Lion.
      201 S Charles St, Red Lion, PA 17356
      View Details
    • Contact for pricing
      58,774 SF

      Red Lion Retail Center Investment

      Prime Retail Space Available in Red Lion, PA
      2997 Cape Horn Rd, Red Lion, PA 17356
      View Details

    Property Visit Statistics

    • Visits by month
      2.5k
    • Visitors by month
      2.2k
    • Avg Time on site
      16 min
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    23 Broadway
    Red Lion, PA 17356-1401
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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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