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    501 Marsteller Rd New Park, PA 17352-9567
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    Property profile & analytics

    501 Marsteller Rd New Park, PA 17352-9567

    View on Map
    • Retail space
    • 26,799 SF
    • 4.36 lot acres
    Off-Market
    Property ID
    US73-0916274
    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.
    Value Estimations
    $855,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Elite Cabinetry Inc / General Contractor / Renovation Specialist
    • Morning Dew Midwifery / Midwife
    • Elam King Auction / Trade Show Venue / (Bike/Boat/Book/etc) Store

    Property Details for 501 Marsteller Rd

    Year built
    1964
    Lot size
    4.36 lot acres
    Property size
    26,799 SF
    Zone code
    C
    Property type
    Retail space
    APN
    32-000-AL-0012.E0-00000
    APU
    32000AL0012E000000

    Description

    This exceptional industrial property at 501 Marsteller Rd, New Park, PA 17352, offers a unique opportunity. Situated on 4.36 acres in York County, this single-story, 1964-built facility boasts a flexible layout perfect for multiple tenants. The property features a combination of workshop and warehouse space, totaling 10,920 contiguous square feet, divisible down to 4,920 square feet. The building includes a high bay storage area, multiple drive-ins (3), and a loading dock (1). Ceiling heights range from 16 to 22 feet, providing ample vertical space. The property also offers three-phase power and 25 total parking spaces. Zoned commercial, this property is conveniently located in Southern York County, just north of the Maryland line, off Route 24, and southeast of Stewartstown. The former cabinetry shop offers a large workshop area with access to bay doors and a dock, plus a separate high bay free-span warehouse. Individual spaces or the entire facility are available. The APN is 67-32-000-AL-0012-E0-00000. This property presents a rare chance to acquire a well-located, versatile industrial space with significant potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $901,000
      Market price range: $902k - $2.50M

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

    Location Insight

    • Map
    • Local Demand
    City
    New Park
    County
    York
    State
    Pennsylvania
    Longitude
    -76.5266
    Latitude
    39.7255
    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
    $8,594
    $75,880
    $216,840
    $292,720
    -
    $75,880
    $216,840
    $292,720

    Comparable in this City

    • Value Estimation
      $1,200,000
      12,000 SF

      451 Marsteller Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,000 SF
      451 Marsteller Rd, New Park, PA 17352-9398
      View Details
    • Value Estimation by Request
      6,912 SF

      411 New Park Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,912 SF
      411 New Park Rd, New Park, PA 17352-9349
      View Details
    • Value Estimation by Request
      3,200 SF

      740 New Park Rd

      AUTO REPAIR, GARAGE • 3,200 SF
      740 New Park Rd, New Park, PA 17352-9301
      View Details
    • Value Estimation by Request
      1,512 SF

      92 Cedar Vly Rd

      AUTO REPAIR, GARAGE • 1,512 SF
      92 Cedar Vly Rd, New Park, PA 17352
      View Details
    • Value Estimation by Request
      1,172 SF

      846 New Park Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,172 SF
      846 New Park Rd, New Park, PA 17352-9304
      View Details
    • Value Estimation by Request
      12,636 SF

      824 New Park Rd

      LIGHT INDUSTRIAL • 12,636 SF
      824 New Park Rd, New Park, PA 17352-9304
      View Details
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    New Park, PA 17352-9567
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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.

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