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

    50 Lee St Hallam, PA 17406-1013

    • Warehouses
    • 3,600 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0941582
    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 50 Lee St

    Year built
    1998
    Lot size
    0.16 lot acres
    Property size
    3,600 SF
    Zone code
    R-T
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    66-000-01-0015.B0-00000
    APU
    66000010015B000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $215,000
      Market price range: $119k - $734k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $310,000
      Current use
      MEDICAL BUILDING
      $390,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $340,000
      Change: +10% Conversion: Easy
      RETAIL STORES
      $325,000
      Change: +5% Conversion: Moderate
      OFFICE BUILDING
      $305,000
      Change: -2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $275,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hallam
    County
    York
    State
    Pennsylvania
    Longitude
    -76.6109
    Latitude
    40.0045
    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
    $2,865
    $13,230
    $63,630
    $76,860
    -
    $13,230
    $63,630
    $76,860

    Comparable in this City

    • Value Estimation
      $4,260,000
      5,600 SF

      21 Shoe House Rd

      MINI-WAREHOUSE, STORAGE • 5,600 SF
      21 Shoe House Rd, Hellam, PA 17406-8025
      View Details
    • Value Estimation
      $435,000
      2,364 SF

      140 Morgan Ln

      MINI-WAREHOUSE, STORAGE • 2,364 SF
      140 Morgan Ln, York, PA 17406-8433
      View Details
    • Value Estimation
      $420,000
      2,400 SF

      2199 Parklyn Dr

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      2199 Parklyn Dr, York, PA 17406-1996
      View Details
    • Value Estimation
      $595,000
      23,500 SF

      1331 Sherman St

      MINI-WAREHOUSE, STORAGE • 23,500 SF
      1331 Sherman St, York, PA 17406-2027
      View Details
    • Value Estimation
      $340,000
      6,050 SF

      27 Cloverleaf Rd

      MINI-WAREHOUSE, STORAGE • 6,050 SF
      27 Cloverleaf Rd, York, PA 17406-8458
      View Details
    • Value Estimation
      $465,000
      5.22 Acres

      5 Marianne Dr

      WAREHOUSE, STORAGE • 5.22 Acres
      5 Marianne Dr, York, PA 17406-8406
      View Details

    Similar Nearby for Sale

    • $1,795,000
      14,000 SF

      Industrial Facility Leased to Mayekawa MYCOM

      Single-tenant industrial facility in York County, Pennsylvania, leased to MYCOM.
      3200 Farmtrail Rd, York, PA 17406
      View Details
    • $480,000
      3.20 Acres

      York Industrial Land: 3.2 Acres

      Prime Industrial Land, Approved Building Plans
      20 Marianne Dr, York, PA 17406
      View Details
    • $725,000
      1.04 Acres

      Prime York County Commercial Land

      1.04 Acres, High Visibility, I-83 Access
      10 Cloverleaf Rd, York, PA 17406
      View Details
    • $299,000
      1.12 Acres

      Yorkana Commercial Land - $299K

      1.12-acre corner lot, flexible zoning.
      199 Blue Stone Rd, Yorkana, PA 17406
      View Details
    • $55,000
      1.16 Acres

      Residential Land in Taylor Estates

      1.16 acre lot in established Taylor Estates, York, PA
      35 Percheron Dr, York, PA 17406
      View Details
    • $299,900

      Well-Maintained Condo in 55+ Community

      Comfortable condo with finished basement, deck, and two-car garage.
      2407 Pin Oak Dr Dr, York, PA 17406
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      85,195 SF

      York Distribution Property For Rent

      Refrigerated, freezer, and dry storage space available for lease.
      600 Bartlett Dr, York, PA 17406
      View Details
    • $5 SF/Yr
      12,774 SF

      Renovated Industrial Unit For Lease

      Recently renovated industrial unit with docks and drive-in doors.
      25 Marianne Dr, York, PA 17406
      View Details
    • $1,400,000
      40,000 SF

      New Industrial Building/Warehouse Construction

      40,000 SF industrial building/warehouse available in 270 days.
      Farmtrail Rd, York, PA 17406
      View Details
    • $5 SF/Yr
      6,000 SF

      Industrial Building in Willow Springs

      Freestanding industrial building on three acres in York, PA.
      670 Willow Springs Ln, York, PA 17406
      View Details
    • $8 SF/Yr
      12,800 SF

      Industrial Warehouse with Office Space

      12,800 SF warehouse with 2,800 SF finished office space.
      3430 Woodbridge Ct, York, PA 17406
      View Details
    • Contact for pricing
      675,000 SF

      Spacious Warehouse with Cold Storage

      675,000 SF warehouse with extensive loading docks and parking.
      225 Cross Farm Ln, York, PA 17406
      View Details
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    50 Lee St
    Hallam, PA 17406-1013
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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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