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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Retail space
501 Marsteller Rd New Park, PA 17352-9567
Individually Owned
15-yr Hold
Free & Clear
Property ID
US73-0916274
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1964
Total area
26,799 SF
Lot
4.36 ac (189,922 SF)
Zoning code
C
APN
32-000-AL-0012.E0-00000
UPID
US73-0916274
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
Current use
Occupant on record · Public records
-
Elite Cabinetry Inc General Contractor Renovation Specialist
-
Morning Dew Midwifery Midwife
-
Elam King Auction Trade Show Venue (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$902k
Blend (final)
Blend
$855k
Owner & transaction history
Elam S King JR. · 15 yrs held
Elam S King JR.
since 2010
1 recorded transaction
Zoning & alternative use
C · New Park, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 New Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Park 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$855k
Range $770k – $941k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$32 / SF
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
$8,594
Tax year 2024
Assessed value
$292,720
Assessed 2024
Previous assessed
$292,720
+0.0% YoY
Effective rate
2.94%
On assessed value
Assessed land
$75,880
Assessed improvement
$216,840
Land market value
$75,880
Improvement market value
$216,840
Total market value
$292,720
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1964
Heating
YES
Cooling
NONE
Stories
2
Total area
26,799 SF
Lot
4.36 ac (189,922 SF)
Zoning code
C
APN
32-000-AL-0012.E0-00000
UPID
US73-0916274
Jurisdiction
YORK
Zoning & alternative use
C · New Park, PA
Zoning C · permitted uses
C · New Park, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Heating
YES
Cooling
Yes
Stories
2
Lot
4.36 ac
Current owner
From public records · entity-resolved
Elam S King JR.
Individual
Free & Clear · 15 yrs held
Mailing address
4360 BATTLEHILL RD, BROGUE, PA 17309-9073
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2010
$221,000
Elam S King JR.
Ratterman,m Regina
Grant Deed
—
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.
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