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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Flex space
261 Kings Ml Rd York, PA 17401-2155
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-0889671
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1920
Total area
8,268 SF
Lot
0.26 ac (11,369 SF)
Zoning code
RS
APN
08-150-02-0039.00-00000
UPID
US73-0889671
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
-
Ace Heating & Cooling Co Inc HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$528k
Blend (final)
Blend
$515k
Owner & transaction history
Glenn A Reed JR · 5 yrs held
Glenn A Reed JR
since 2020
2 recorded transactions
Zoning & alternative use
RS · York, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$785,000
+102.7%
Retail stores
$745,000
+92.2%
Warehouse, storage
$715,000
+83.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$390,000
Current use
AUTO REPAIR, GARAGE
$785,000
Change: +103% · Conversion: Easy
RETAIL STORES
$745,000
Change: +92% · Conversion: Moderate
WAREHOUSE, STORAGE
$715,000
Change: +84% · Conversion: Easy
OFFICE BUILDING
$565,000
Change: +46% · Conversion: Difficult
COMMERCIAL (GENERAL)
$360,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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
$62 / 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
$9,683
Tax year 2024
Assessed value
$155,970
Assessed 2024
Previous assessed
$155,970
+0.0% YoY
Effective rate
6.21%
On assessed value
Assessed land
$31,910
Assessed improvement
$124,060
Land market value
$31,910
Improvement market value
$124,060
Total market value
$155,970
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
8,268 SF
Lot
0.26 ac (11,369 SF)
Zoning code
RS
APN
08-150-02-0039.00-00000
UPID
US73-0889671
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
INDUSTRIAL (GENERAL) Current
Est. value
$390,000
AUTO REPAIR, GARAGE
Est. value
$785,000
RETAIL STORES
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$715,000
OFFICE BUILDING
Est. value
$565,000
COMMERCIAL (GENERAL)
Est. value
$360,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1920
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Glenn A Reed JR
Individual
Free & Clear · 5 yrs held
Mailing address
911 CHURCH RD, YORK, PA 17404-1322
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Oct 9, 2020
—
Glenn A Reed JR
Glenn A JR
Quit Claim Deed
related
—
Jan 22, 2009
$206,764
Glenn A Reed JR.
Reed Glenn A
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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