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Property profile & analytics
FOR LEASE
Drive through restaurants
2401 E Market St York, PA 17402
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2275385
For Lease
1 / 2
$1,655,000
2401 E Market St, York, PA 17402
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2018
Total area
1,250 SF
Lot
0.5 ac (21,606 SF)
Zoning code
C-H
APN
46-000-02-0004.00-00000
UPID
US73-2275385
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
-
York Landscaping Landscaping General Contractor
-
West End Auto Sales, INC Car Dealership
-
MOD Pizza Restaurant
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
2401 East Market Street LLC · 4 yrs held
2401 East Market Street LLC
since 2022
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
C-H · York, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,635,000
ML approach
$1,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±10% · vs last sale $1.63M (Mar 10 2022)
Last sale anchor
$1.63M
Mar 10 2022
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
$1,324 / 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
$22,765
Tax year 2024
Assessed value
$774,570
Assessed 2024
Previous assessed
$774,570
+0.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$354,040
Assessed improvement
$420,530
Land market value
$354,040
Improvement market value
$420,530
Total market value
$774,570
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Lease
Year built
2018
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
1,250 SF
Lot
0.5 ac (21,606 SF)
Zoning code
C-H
APN
46-000-02-0004.00-00000
UPID
US73-2275385
Jurisdiction
YORK
Zoning & alternative use
C-H · York, PA
Zoning C-H · permitted uses
C-H · 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.
Building & site characteristics
From public records
Year built
2018
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
2401 East Market Street LLC
Entity
Mailing address
3528 CONCORD RD, YORK, PA 17402-8626
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
$1,625,000
2401 East Market Street LLC
Blm Construction & Remodeling LLC
Deed
$1,300,000 · Univest Bank & Trust Co
Feb 23, 2018
—
Blm C0nstruction & Remodelin LLC
—
Deed
related
$795,000 · Acnb Bank
Feb 12, 2018
$425,000
Blm Const & Remodeling LLC
Speedway LLC
Grant Deed
related
—
Mar 31, 2017
$425,000
Blm Construction LLC
Speedway LLC
Grant Deed
—
Sep 15, 2014
$1,130,438
Hess Retail Stores LLC
Hess Corp
Grant Deed
related
—
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.
Try Rey
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