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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    366 Market Ave Mount Joy, PA 17552-2714

    • Medical offices
    • 4,235 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimations
    $675,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0049806
    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

    • Medical offices

    Property Details for 366 Market Ave

    Year built
    1940
    Construction
    BRICK
    Lot size
    0.86 lot acres
    Property size
    4,235 SF
    Zone code
    MDR
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    450-47450-0-0000
    APU
    4504745000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $884,000
      Market price range: $552k - $1.15M
      AI Estimate
      $516,000
      Market price range: $283k - $742k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $855,000
      Current use
      COMMERCIAL (GENERAL)
      $1,035,000
      Change: +21% Conversion: Easy
      AUTO REPAIR, GARAGE
      $705,000
      Change: -17% Conversion: Difficult
      RETAIL STORES
      $685,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Joy
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.5241
    Latitude
    40.1103
    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
    $14,236
    $58,100
    $474,000
    $532,100
    -
    $58,100
    $474,000
    $532,100

    Comparable in this City

    • Value Estimation by Request
      2,510 SF

      28 Barbara St

      MEDICAL BUILDING • 2,510 SF
      28 Barbara St, Mount Joy, PA 17552-1402
      View Details
    • Value Estimation
      $7,140,000
      37,911 SF

      Cloverleaf Rd

      MEDICAL BUILDING • 37,911 SF
      Cloverleaf Rd, Mount Joy, PA 17552
      View Details
    • Value Estimation
      $2,105,000
      9,600 SF

      2034 Main St

      MEDICAL BUILDING • 9,600 SF
      2034 Main St, Mount Joy, PA 17552-9566
      View Details
    • Value Estimation by Request
      2,386 SF

      20 Barbara St

      MEDICAL BUILDING • 2,386 SF
      20 Barbara St, Mount Joy, PA 17552-1402
      View Details
    • Value Estimation
      $730,000
      4,098 SF

      112 Frank St

      MEDICAL BUILDING • 4,098 SF
      112 Frank St, Mount Joy, PA 17552-1422
      View Details
    • Value Estimation by Request
      2,972 SF

      19 Main St

      MEDICAL BUILDING • 2,972 SF
      19 Main St, Mount Joy, PA 17552-1311
      View Details

    Similar Nearby for Sale

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      Commercial Land with Road Frontage

      Highly visible land parcel with easy highway access.
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    • $7,200,000
      84.00 Acres

      84 Acres Mount Joy Development Land

      Prime Agricultural Land, Development Potential
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    • $1,995,000
      19.70 Acres

      Prime Lancaster County Farmland

      19.7 Acres, Agricultural Zoning, Development Potential
      3860 Old Harrisburg Pike, Mount Joy, PA 17552
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    • $8,500,000

      Residential Development Opportunity in Mount

      49.97 acre residential development opportunity in Mount Joy, PA.
      225 School Ln, Mount Joy, PA 17552
      View Details
    • Contact for pricing

      Land Available For Sale

      Land available with potential for rezoning.
      1578 Emerson Dr, Mount Joy, PA 17552
      View Details
    • $395,000
      4,166 SF

      Mount Joy Shopping Center Investment

      Prime Retail, 5.2 Acres, Pool Area
      202 Fairview St, Mount Joy, PA 17552
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    Similar Nearby for Lease

    • $1,688 /Mo

      Retail Space in Downtown Mount

      Retail or personal services space with parking in downtown Mount
      100 New Haven St, Mount Joy, PA 17552
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      Mount Joy Retail Center Investment

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      0 Pa-230, Mount Joy, PA 17552
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      249,706 SF

      Industrial Warehouses with Dock Doors

      Two industrial warehouses featuring rear loading and dock doors.
      1295 E Main St, Mount Joy, PA 17552
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    • Contact for pricing
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      Mount Joy Retail Building Opportunity

      New 3,435 SF Freestanding Retail Space
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    • Contact for pricing
      8,846 SF

      Retail Space in Columbia Shopping Center

      Retail spaces available in Weis Grocery anchored shopping center.
      1786-1788 Columbia Ave, Mount Joy, PA 17552
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    366 Market Ave
    Mount Joy, PA 17552-2714
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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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