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    2997 Cape Horn Rd Red Lion, PA 17356
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    Property profile & analytics

    2997 Cape Horn Rd, Red Lion, PA 17356

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    • Community centers
    • 30,422 SF
    • 3.87 lot acres
    For Lease
    $875,000
    View Listing →
    Red Lion Retail/Office Space For Lease
    $875,000

    Red Lion Retail/Office Space

    Well-maintained retail/office strip center with easy access to Route 24.

    2997 Cape Horn Rd, Red Lion, PA 17356
    View Listing
    Property ID
    US73-4803060
    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.
    Value Estimations
    $875,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AMERICAN SYSTEM SHOTOKAN / Sports School
    • Rocoto - Peruvian & Mexican grill / Restaurant
    • Enlighten Hair Studio / Hair Salon
    • 1st Class Storage / Storage Facility
    • Clarity Salon / Hair Salon / Nail Salon

    Property Details for 2997 Cape Horn Rd

    Year built
    1989
    Lot size
    3.87 lot acres
    Zone code
    RS
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    53-000-HJ-0093.00-00000
    APU
    53000HJ00930000000

    Description

    This exceptional single-story retail strip center, Cape Horn Plaza, presents a compelling investment opportunity in the thriving York-Hanover submarket of Pennsylvania. Located at 2997 Cape Horn Rd, Red Lion, PA 17356, this well-maintained, all-brick property boasts a total of 58,774 square feet situated on a generous 3.87-acre lot. Currently, one retail space of 2,500 square feet is available for lease. The property's convenient location offers easy access to Route 24, ensuring high visibility and accessibility for businesses. The center is zoned for a variety of uses, providing flexibility for potential tenants. The building's excellent condition and attractive rental rates make it an ideal investment for those seeking a strong return. The property is a single building, offering efficient management and operation. Net operating expenses are $2.50 per square foot. This prime retail location in York County presents a rare opportunity to acquire a well-established property in a desirable market. The property's size and location make it an attractive option for a variety of retail businesses seeking a prominent presence in the Red Lion community. Don't miss this chance to secure a valuable asset in a growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $675,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,075,000
      Market price range: $506k - $2.03M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,055,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Lion
    County
    York
    State
    Pennsylvania
    Longitude
    -76.6345
    Latitude
    39.9247
    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
    $57,005
    $344,720
    $1,553,620
    $1,898,340
    -
    $344,720
    $1,553,620
    $1,898,340

    Comparable in this City

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      693 Lombard Rd

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    • Value Estimation by Request
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      3115 Cpe Horn Rd

      SHOPPING CENTER, STRIP CENTER
      3115 Cpe Horn Rd, Red Lion, PA 17356
      View Details
    • Value Estimation by Request
      3,000 SF

      3145 Cpe Horn Rd

      SHOPPING CENTER, STRIP CENTER
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      View Details
    • Value Estimation
      $7,395,000
      75,355 SF

      3175 Cpe Horn Rd

      GROCERY, SUPERMARKET
      3175 Cpe Horn Rd, Red Lion, PA 17356-8806
      View Details
    • Value Estimation
      $1,385,000
      14,820 SF

      3220 Cpe Horn Rd

      VEHICLE SALES, RENTALS
      3220 Cpe Horn Rd, Red Lion, PA 17356-9073
      View Details

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      York County Commercial Land Available

      38.4 acres of commercial land in York County, PA.
      2589 Cape Horn Rd, Red Lion, PA 17356
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      Commercial Land on Main Street

      High-visibility commercial land perfect for business expansion.
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      Established Restaurant & Bar Opportunity

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      Red Lion Retail/Office Space

      Well-maintained retail/office strip center with easy access to Route 24.
      2997 Cape Horn Rd, Red Lion, PA 17356
      View Details
    • Contact for pricing

      Downtown Red Lion Office Space

      Flexible office space in a vibrant downtown location.
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      Industrial Facility Under Construction

      38,000 SF industrial facility with 30' clear height.
      100 Redco Ave, Red Lion, PA 17356
      View Details
    View Listing
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    Red Lion, PA 17356
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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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    2997 Cape Horn Rd, Red Lion, PA, 17356
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