Back to Search
Property profile & analytics
OFF-MARKET
Medical Office Space
450 Market St Hallam, PA 17406-1024
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-1645105
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Total area
4,440 SF
Lot
1.17 ac (50,965 SF)
Zoning code
R-O
APN
66-000-01-0007.E0-00000
UPID
US73-1645105
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gordon M Bell · 2 yrs held
Gordon M Bell
since 2024
7 recorded transactions
Zoning & alternative use
R-O · Hallam, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
In an R-T, R-O or MU Zone and subject to the requirements of the zone in which located except as herein modified and provided: under the age of 18 years are not permitted to enter therein and warning all other persons that they may be offended upon entry. E. In no instance shall the operation of the adult massage establishment for the purpose of sexual arous…
Zone name
Residential Outlying
General category
RESIDENTIAL
Zone area
235.18 ac
Source
chapter 27 zoning
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hallam submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hallam submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$9,565
Tax year 2024
Assessed value
$256,580
Assessed 2024
Previous assessed
$256,580
+0.0% YoY
Effective rate
3.73%
On assessed value
Assessed land
$76,650
Assessed improvement
$179,930
Land market value
$76,650
Improvement market value
$179,930
Total market value
$256,580
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,440 SF
Lot
1.17 ac (50,965 SF)
Zoning code
R-O
APN
66-000-01-0007.E0-00000
UPID
US73-1645105
Jurisdiction
YORK
Zoning & alternative use
R-O · Hallam, PAZoning R-O · permitted uses
R-O · Hallam, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
In an R-T, R-O or MU Zone and subject to the requirements of the zone in which located except as herein modified and provided: under the age of 18 years are not permitted to enter therein and warning all other persons that they may be offended upon entry. E. In no instance shall the operation of the adult massage establishment for the purpose of sexual arousal be permitted. This includes any method of pressure on or friction against or stroking, kneading, rubbing, tapping, pounding, vibrating or stimulating of the external parts of the human body including, but not limited to, the sexual or genital parts. F. The masseur/masseuse must be fully clothed at all times. G. No adult massage establishment shall be permitted to be located within 300 feet of any public or private school, public park or playground or any church or other house of worship. A. Lot area: 20,000 square feet. B. Lot width: 100 feet minimum.
Zone name
Residential Outlying
General category
RESIDENTIAL
Zone area
235.18 ac
Source
chapter 27 zoning
Building & site characteristics
From public records
Year built
1980
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Gordon M Bell
Individual
Mailing address
450 W MARKET ST, HALLAM, PA 17406-1024
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
—
Gordon M Bell
—
Deed
related
$250,000 · Traditions Bank
Mar 23, 2020
—
Gordon M Bell
—
Deed
related
$647,810 · York Traditions Bk
Mar 28, 2018
—
Gordon M Bell
—
Deed
related
$200,000 · York Traditions Bank
Feb 24, 2017
—
Gordon M Bell
—
Deed
related
$500,000 · York Traditions Bk
—
—
Gordon M Bell
—
Deed Of Trust
related
$465,000 · York Traditions Bank
—
—
Gordon M Bell
—
Deed Of Trust
related
$100,000 · York Traditions Bank
—
—
Gordon M Bell
—
Deed Of Trust
related
$500,000 · York Traditions Bk
—
—
Gordon M Bell
—
Deed Of Trust
related
$350,000 · York Traditions Bk
—
—
Gordon M Bell
—
Deed Of Trust
related
$647,810 · York Traditions Bk
—
—
Gordon M Bell
—
Deed Of Trust
related
$475,000 · York Traditions Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 450 Market St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
