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    Property profile & analytics

    2600 Willow Street Pike Willow Street, PA 17584

    • Retail properties
    • 8.10 lot acres
    For Lease
    View listing
    Last Sale
    Jan 24, 2024
    Value Estimations
    $605,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0700513
    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

    • Goodwill Store & Donation Center / Discount Store
    • Kendig Square / Shopping Center & Mall
    • Sears Appliance Repair / Home Appliance Store
    • Christian Alcoholism Treatment / Social Service Agency / Medical Clinic
    • Abrites USA / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 2600 Willow Street Pike

    Lot size
    8.10 lot acres
    Property type
    Retail properties
    APN
    320-04797-0-0000
    APU
    3200479700000

    Description

    Kendig Square, located at 2600 Willow Street Pike, Willow Street, PA 17584, offers exceptional retail opportunities in a thriving market. This multi-tenant retail center boasts a total of 268,728 square feet, with 14,691 square feet currently vacant. Spaces range from a minimum of 969 square feet to a maximum of 12,375 square feet, providing flexibility for various retail concepts. The property sits on 29.44 acres and includes ample parking with 1180 spaces, ensuring convenient access for customers. Its strategic location near Long Lane places it within a dynamic retail corridor experiencing significant growth. Lancaster County, home to over 551,000 residents (2021 data), benefits from a robust tourism industry and a large Amish community, driving consistent consumer traffic. The area is also supported by several colleges and universities, further enhancing its demographic appeal. Recent substantial mixed-use developments, including The Crossings at Conestoga and the Shoppes at Belmont, featuring high-profile retailers like Wegmans, Whole Foods, and Nordstrom Rack, underscore the area's escalating retail prominence and its position as a premier destination within the Philadelphia MSA. This prime location presents a unique chance to establish or expand a retail business within a rapidly developing and highly desirable market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $605,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Willow Street
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.2798
    Latitude
    39.9827
    CBSA code
    29540
    CBSA name
    LANCASTER, 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
    $117,934
    $626,000
    $4,704,600
    $5,330,600
    -
    $626,000
    $4,704,600
    $5,330,600

    Comparable in this City

    • Value Estimation by Request
      2,762 SF

      3000 Willow St N Pike

      SERVICE STATION (FULL SERVICE) • 2,762 SF
      3000 Willow St N Pike, Willow Street, PA 17584-9460
      View Details
    • Value Estimation
      $645,000
      5,704 SF

      2718 Willow St N Pike

      AUTO REPAIR, GARAGE • 5,704 SF
      2718 Willow St N Pike, Willow Street, PA 17584-9505
      View Details
    • Value Estimation by Request
      5.66 Acres

      160 Lancaster S Pike

      VEHICLE SALES, RENTALS • 5.66 Acres
      160 Lancaster S Pike, Willow Street, PA 17584-9731
      View Details
    • Value Estimation by Request
      4,160 SF

      3551 Willow St N Pike

      AUTO REPAIR, GARAGE • 4,160 SF
      3551 Willow St N Pike, Willow Street, PA 17584
      View Details
    • Value Estimation
      $2,605,000
      18,144 SF

      2817 Willow St N Pike, Unit 2819

      SHOPPING CENTER, STRIP CENTER • 18,144 SF
      2817 Willow St N Pike, Willow Street, PA 17584
      View Details
    • Value Estimation
      $1,255,000
      10,650 SF

      1331 Byerland Church Rd

      AUTO REPAIR, GARAGE • 10,650 SF
      1331 Byerland Church Rd, Willow Street, PA 17584-9776
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      86,479 SF

      Kendig Square Retail Center

      Willow Street, PA Shopping Center
      2600 Willow Street Pike, Willow Street, PA 17584
      View Details
    • Contact for pricing
      2,476 SF

      Lancaster County Retail Space Available

      Grocery-anchored retail center with high-performing anchor and premium co-tenants.
      2819a Willow Street Pike N, Willow Street, PA 17584
      View Details
    • Contact for pricing

      Retail and Medical Space Available

      Retail and medical spaces available in high-traffic shopping center.
      2600 Willow Street Pike North, Willow Street, PA 17584
      View Details
    • $2,200 /Mo
      13,504 SF

      Willow Street Office Space Available

      Second-floor office space for lease in Willow Street, Pennsylvania.
      2929 Willow Street Pike, Willow Street, PA 17584
      View Details
    Request Owner's contact information
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    2600 Willow Street Pike
    Willow Street, PA 17584
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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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