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    Property profile & analytics

    2929 Willow Street Pike Willow Street, PA 17584

    • Retail space
    • 4,032 SF
    • 0.31 lot acres
    For Lease
    View listing
    $2,200 /Mo
    Value Estimations
    $530,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1686048
    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

    • Headquarters / Hair Salon / Nail Salon
    • Nail Shop / Nail Salon
    • AAI-WE Gundlach Associates / Computer & Electronic Repair
    • Classic Mortgage Services Inc / Loan Service / Bank

    Property Details for 2929 Willow Street Pike

    Year built
    1987
    Construction
    FRAME
    Lot size
    0.31 lot acres
    Property size
    4,032 SF
    Zone code
    CH
    Property type
    Retail space
    APN
    320-42942-0-0000
    APU
    3204294200000

    Description

    This exceptional 2,048-square-foot office space is located at 2929 Willow Street Pike in Willow Street, Pennsylvania, 17584. Situated in Lancaster County, this single-tenant property boasts a prime location with excellent visibility along a major thoroughfare. The space is categorized as a traditional office and is currently vacant, offering immediate occupancy for a new business. The building features a recently completed renovation, ensuring modern and updated amenities for the tenant. The zoning designation is Commercial Highway, allowing for a variety of commercial uses. The property is conveniently located at 39.9712654 latitude and -76.2729354 longitude. This second-floor space presents a unique opportunity for a business seeking a well-maintained, affordable, and highly visible location in a thriving commercial area. The entire 2,048 square feet is available for lease, providing ample space for a variety of office configurations. This is an ideal opportunity for a business looking to establish a strong presence in the Willow Street community. The property's convenient location and modern updates make it an attractive option for businesses seeking a functional and visually appealing workspace. Interested parties should inquire promptly to secure this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $790,000
      6.5%
      $730,000
      7%
      $680,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $686,000
      Market price range: $375k - $1.01M
      AI Estimate
      $377,000
      Market price range: $182k - $545k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $650,000
      Current use
      MEDICAL BUILDING
      $810,000
      Change: +25% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $670,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Willow Street
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.2731
    Latitude
    39.9712
    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
    $6,653
    $81,200
    $219,500
    $300,700
    -
    $81,200
    $219,500
    $300,700

    Comparable in this City

    • Value Estimation by Request
      1,505 SF

      2842 Willow St N Pike

      RETAIL STORES (PERSONAL SERVICES) • 1,505 SF
      2842 Willow St N Pike, Willow Street, PA 17584-9200
      View Details
    • Value Estimation
      $600,000
      3,680 SF

      2911 Willow St N Pike

      RETAIL STORES (PERSONAL SERVICES) • 3,680 SF
      2911 Willow St N Pike, Willow Street, PA 17584-9481
      View Details
    • Value Estimation
      $535,000
      4,206 SF

      2922 Willow St N Pike

      RETAIL STORES (PERSONAL SERVICES) • 4,206 SF
      2922 Willow St N Pike, Willow Street, PA 17584-9462
      View Details
    • Value Estimation
      $540,000
      3,200 SF

      2956 Willow St N Pike

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      2956 Willow St N Pike, Willow Street, PA 17584-9489
      View Details
    • Value Estimation
      $2,700,000
      28,020 SF

      14 Herrville Rd

      RETAIL STORES (PERSONAL SERVICES) • 28,020 SF
      14 Herrville Rd, Willow Street, PA 17584-8910
      View Details
    • Value Estimation by Request
      2,780 SF

      2733 Willow St N Pike

      RETAIL STORES (PERSONAL SERVICES) • 2,780 SF
      2733 Willow St N Pike, Willow Street, PA 17584-9531
      View Details

    Similar Nearby for Lease

    • 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
    • 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
    • $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
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    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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