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    Property profile & analytics

    2818 Market St York, PA 17402-2413

    • Drive through restaurants
    • 3,515 SF
    • 1.29 lot acres
    OFF-MARKET
    Last Sale
    Aug 27, 2021
    $1,350,000
    Value Estimations
    $1,315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2698708
    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

    • Ascendance Truck Centers / Car Dealership
    • Popeyes Louisiana Kitchen / Restaurant / Take-out & Catering
    • Delgo's Hair Salon / Hair Salon

    Property Details for 2818 Market St

    Year built
    1980
    Lot size
    1.29 lot acres
    Property size
    3,515 SF
    Zone code
    M-U
    Property type
    Drive through restaurants
    APN
    46-000-21-0015.00-00000
    APU
    460002100150000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,290,000
      ML approach
      $1,280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,086,000
      Market price range: $157k - $1.25M

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.67
    Latitude
    39.9753
    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
    $23,106
    $372,770
    $413,430
    $786,200
    -
    $372,770
    $413,430
    $786,200

    Comparable in this City

    • Value Estimation
      $580,000
      4,211 SF

      380 Memory Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,211 SF
      380 Memory Ln, York, PA 17402-2366
      View Details
    • Value Estimation
      $1,080,000
      2,576 SF

      2690 Queen St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,576 SF
      2690 Queen St, York, PA 17402-4952
      View Details
    • Value Estimation by Request
      2,210 SF

      1125 Haines Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,210 SF
      1125 Haines Rd, York, PA 17402-9584
      View Details
    • Value Estimation by Request
      2,106 SF

      2600 Keyway Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,106 SF
      2600 Keyway Dr, York, PA 17402-4711
      View Details
    • Value Estimation by Request
      2,678 SF

      2802 Market St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,678 SF
      2802 Market St, York, PA 17402-2413
      View Details
    • Value Estimation by Request
      936 SF

      3020 Market St

      DRIVE-THRU RESTAURANT, FAST FOOD • 936 SF
      3020 Market St, York, PA 17402-2501
      View Details

    Similar Nearby for Sale

    • $2,100,000
      5,518 SF

      Turnkey Retail Establishment with Liquor

      5,518 SF retail property with FF&E and liquor license.
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    • $1,595,000
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      Established Restaurant and Bar Opportunity

      Fully-equipped restaurant and bar with liquor license for sale.
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      Truck Towing and Recovery Portfolio

      Portfolio of truck towing and recovery facilities in Pennsylvania for sale.
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      4,133 SF

      York, PA Retail Portfolio

      Three remodeled retail buildings, ideal for various uses.
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    • $100,000
      2.05 Acres

      Established Nail Salon Business Opportunity

      Profitable nail salon and spa business for sale in York.
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    • Contact for pricing
      2,800 SF

      Freestanding Retail Building in York

      2,800 SF retail building in East York retail market.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,320 SF

      Retail Pad Site with Drive-Thru

      Proposed retail pad site with drive-thru in York, PA.
      Cinema Dr, York, PA 17402
      View Details
    • Contact for pricing
      2,200 SF

      Retail Pad Sites Available

      Retail pad sites available in well-established shopping center.
      2420 Eastwood Dr, East York, PA 17402
      View Details
    • Contact for pricing
      4,133 SF

      York County Retail Portfolio

      4,133 SF Retail/Restaurant Space
      100 Memory Ln, York, PA 17402
      View Details
    • Contact for pricing
      9,000 SF

      York Retail Center: Prime Location

      9,000 SF Retail Space, Built 2024
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      View Details
    • Contact for pricing
      6,017 SF

      Turn-Key Restaurant Opportunity in York

      Established restaurant with loyal following and high-quality upgrades.
      3406 E Market St, York, PA 17402
      View Details
    • Contact for pricing
      756,707 SF

      York Galleria Office Suites

      Modern office spaces in prime York location.
      2899 Whiteford Rd, York, PA 17402
      View Details

    Property Visit Statistics

    • Visits by month
      17.7k
    • Visitors by month
      12.9k
    • Avg Time on site
      14 min
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    2818 Market St
    York, PA 17402-2413
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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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