Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    471 Clarke Ave York, PA 17401

    • Warehouses
    • 2,940 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    8.2%
    Warehouses
    Location Intelligence
    Property ID
    US73-1403350
    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

    • Warehouses

    Property Details for 471 Clarke Ave

    Year built
    1920
    Lot size
    0.07 lot acres
    Property size
    2,940 SF
    Zone code
    RS
    Property type
    Warehouses
    APN
    11-300-06-0089.00-00000
    APU
    113000600890000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $345,000
      6.5%
      $320,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $307,000
      Market price range: $97.5k - $600k
      AI Estimate
      $299,000
      Market price range: $89.4k - $400k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $255,000
      Current use
      MEDICAL BUILDING
      $320,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $280,000
      Change: +10% Conversion: Easy
      RETAIL STORES
      $265,000
      Change: +5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.7401
    Latitude
    39.9596
    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
    $2,966
    $19,110
    $28,670
    $47,780
    -
    $19,110
    $28,670
    $47,780

    Comparable in this City

    • Value Estimation by Request
      1,964 SF

      231 Miller Ln

      WAREHOUSE, STORAGE • 1,964 SF
      231 Miller Ln, York, PA 17401
      View Details
    • Value Estimation
      $75,000
      1,800 SF

      343 Gas Ave

      WAREHOUSE, STORAGE • 1,800 SF
      343 Gas Ave, York, PA 17401
      View Details
    • Value Estimation
      $310,000
      2,142 SF

      147 Beaver St

      WAREHOUSE, STORAGE • 2,142 SF
      147 Beaver St, York, PA 17401
      View Details
    • Value Estimation
      $340,000
      6,061 SF

      116 Gas Ave

      WAREHOUSE, STORAGE • 6,061 SF
      116 Gas Ave, York, PA 17401-2411
      View Details
    • Value Estimation
      $310,000
      1,320 SF

      430 George St

      WAREHOUSE, STORAGE • 1,320 SF
      430 George St, York, PA 17401-1750
      View Details
    • Value Estimation
      $315,000
      2,500 SF

      366 Cottage Pl

      WAREHOUSE, STORAGE • 2,500 SF
      366 Cottage Pl, York, PA 17401
      View Details

    Similar Nearby for Sale

    • $850,000
      14,630 SF

      Industrial Building with Fenced Lot

      Industrial building featuring a large fenced lot and ample power.
      604 W College Ave, York, PA 17401
      View Details
    • $385,000
      8,292 SF

      York Flex Space: Industrial Property

      8,292 SF Flex Space, Great Location
      711 Mckenzie St, York, PA 17401
      View Details
    • Contact for pricing
      13,000 SF

      York, PA Industrial Property

      Manufacturing & Distribution Business for Sale
      0 Janitorial Cleaning Supply Packaging Solutions Provider And Formulations Manufacturer With Intellectual Property, York, PA 17401
      View Details
    • $1,295,000
      10,000 SF

      York City Restaurant/Bar Opportunity

      10,000 SF, Vacant, Liquor License Available
      220 Philadelphia St, York, PA 17401
      View Details
    • Contact for pricing
      5,280 SF

      York City Retail Center

      Prime location, redevelopment opportunity
      246-250 George St, York, PA 17401
      View Details
    • $595,000
      4,170 SF

      Downtown York Redevelopment Gem

      4,170 SF Mixed-Use, Vacant
      45 Market St, York, PA 17401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      York City Restaurant/Brewery Opportunity

      Prime location, 10,000+ SF, liquor license available.
      220 Philadelphia St, York, PA 17401
      View Details
    • Contact for pricing
      5,954 SF

      Retail and Flex Space Available

      Retail storefront with flex/warehouse space for rent.
      215 S George St, York, PA 17401
      View Details
    • $9 SF/Yr
      12,337 SF

      150 Roosevelt Ave Office Space

      York, PA furnished office suites with parking.
      150 Roosevelt Ave, York, PA 17401
      View Details
    • $14 SF/Yr
      59,917 SF

      Yorktown Mall Retail Center

      York, PA Retail Space Available
      131-139 Duke St, York, PA 17401
      View Details
    • $22 SF/Yr
      123 SF

      Renovated Office Space Available

      Single-room office in renovated building with parking and amenities.
      515 W Market St, York, PA 17401
      View Details
    • $1,295 /Mo

      Downtown York City Apartment

      Third-floor apartment in downtown York, close to amenities.
      132 W Market St St, York, PA 17401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    471 Clarke Ave
    York, PA 17401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.