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    Property profile & analytics

    3651 Market St York, PA 17402

    • Auto shops
    • 4,557 SF
    • 0.69 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1228857
    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

    • Monro Auto Service And Tire Centers / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 3651 Market St

    Year built
    1995
    Lot size
    0.69 lot acres
    Property size
    4,557 SF
    Zone code
    C-H
    Property type
    Auto shops
    APN
    46-000-JJ-0043.F0-00000
    APU
    46000JJ0043F000000

    Description

    Stonybrook Shopping Center, a 68,105 square foot retail center in York, Pennsylvania, presents a unique investment opportunity. Located at 3651 E Market St (Route 462), this three-building, multi-tenant shopping center sits on 8.97 acres and boasts over 200 parking spaces. Built in 1995 and zoned C-H Commercial, the property enjoys a prime location along a major shopping corridor, benefiting from proximity to dense residential neighborhoods, including the new Fallbrook Flats Apartments (148 units), and a strong daytime workforce due to nearby industrial and office employers. The center is anchored by Saubel's Markets and includes diverse tenants such as Central Bark Doggy Daycare, Fitness 1440, Oyako Sushi, Avis Rent-a-Car, and Monroe Auto Center, with Northwest Bank as a shadow anchor. A key feature is a proposed pad site, totaling up to 2,320 square feet, situated in the parking lot near Cinema Drive, offering a drive-thru option. This last remaining space provides an excellent opportunity for expansion or a new tenant to join this thriving retail center in York County. The property consists of 11 suites across three buildings.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $580,000
      Market price range: $227k - $648k
      AI Estimate
      $537,000
      Market price range: $161k - $605k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $435,000
      Current use
      RETAIL STORES
      $710,000
      Change: +64% Conversion: Difficult
      MEDICAL BUILDING
      $495,000
      Change: +14% Conversion: Difficult
      WAREHOUSE, STORAGE
      $395,000
      Change: -9% Conversion: Easy
      OFFICE BUILDING
      $395,000
      Change: -9% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $350,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.6496
    Latitude
    39.9838
    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
    $12,761
    $156,290
    $277,910
    $434,200
    -
    $156,290
    $277,910
    $434,200

    Comparable in this City

    • Value Estimation
      $755,000
      5,508 SF

      2814 Market St

      AUTO REPAIR, GARAGE • 5,508 SF
      2814 Market St, York, PA 17402-2413
      View Details
    • Value Estimation by Request
      3,220 SF

      29 School St

      AUTO REPAIR, GARAGE • 3,220 SF
      29 School St, York, PA 17402
      View Details
    • Value Estimation by Request
      2,106 SF

      75 Memory Ln

      AUTO REPAIR, GARAGE • 2,106 SF
      75 Memory Ln, York, PA 17402-2375
      View Details
    • Value Estimation by Request
      3,520 SF

      1733 Whiteford Rd

      AUTO REPAIR, GARAGE • 3,520 SF
      1733 Whiteford Rd, York, PA 17402-2207
      View Details
    • Value Estimation
      $630,000
      3,750 SF

      2181 Queen St

      AUTO REPAIR, GARAGE • 3,750 SF
      2181 Queen St, York, PA 17402-4628
      View Details
    • Value Estimation by Request
      2,610 SF

      2301 Market St

      AUTO REPAIR, GARAGE • 2,610 SF
      2301 Market St, York, PA 17402-2860
      View Details

    Similar Nearby for Sale

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      Turnkey Retail Establishment with Liquor

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    Similar Nearby for Lease

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      York Retail Center: Prime Location

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    • $25 SF/Yr
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    3651 Market St
    York, PA 17402
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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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