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

    55 Forrest St York, PA 17404-5514

    • Warehouses
    • 6,900 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2646922
    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 55 Forrest St

    Year built
    1964
    Lot size
    0.52 lot acres
    Property size
    6,900 SF
    Zone code
    ID
    Property type
    Warehouses
    APN
    51-000-04-0003.A0-00000
    APU
    51000040003A000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $273,000
      Market price range: $153k - $375k

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.7739
    Latitude
    39.9506
    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
    $5,496
    $59,280
    $107,910
    $167,190
    -
    $59,280
    $107,910
    $167,190

    Comparable in this City

    • Value Estimation
      $495,000
      10,925 SF

      1530 Clugston Rd

      WAREHOUSE, STORAGE • 10,925 SF
      1530 Clugston Rd, York, PA 17404-1780
      View Details
    • Value Estimation
      $310,000
      4,000 SF

      1437 Filbert St

      WAREHOUSE, STORAGE • 4,000 SF
      1437 Filbert St, York, PA 17404-3219
      View Details
    • Value Estimation
      $105,000
      2,214 SF

      15 2nd Ave

      WAREHOUSE, STORAGE • 2,214 SF
      15 2nd Ave, York, PA 17404-2504
      View Details
    • Value Estimation
      $3,055,000
      163,510 SF

      3001 Market St

      WAREHOUSE, STORAGE • 163,510 SF
      3001 Market St, York, PA 17404-5775
      View Details
    • Value Estimation
      $390,000
      16,930 SF

      1953 Stanton St

      WAREHOUSE, STORAGE • 16,930 SF
      1953 Stanton St, York, PA 17404-5358
      View Details
    • Value Estimation
      $715,000
      6,440 SF

      1275 King St

      WAREHOUSE, STORAGE • 6,440 SF
      1275 King St, York, PA 17404-3409
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      312,769 SF

      York Distribution Facility For Sale

      312,769 SF distribution facility on 26.8 acres in York, PA.
      515 N Zarfoss Dr, York, PA 17404
      View Details
    • $1,500,000
      15,150 SF

      York Industrial NNN Investment

      NNN leased industrial property with rental increases in York.
      2590 Monroe St, York, PA 17404
      View Details
    • $1,600,000
      12,150 SF

      Industrial Flex Building with Expansion

      12,150 SF industrial flex building with expansion potential.
      820 Vogelsong Rd, York, PA 17404
      View Details
    • Contact for pricing
      30,639 SF

      Craned Manufacturing Facility with Yard

      Manufacturing facility with cranes, yard, and highway access for sale.
      225 Hanover Rd, York, PA 17404
      View Details
    • $450,000
      5,832 SF

      Prime York Office Building

      Spacious Office Building, Great Location
      2605 Market St, York, PA 17404
      View Details
    • $2,462,000
      19,764 SF

      Executive Office Building, York PA

      19,764 SF Office, 7.75% Cap Rate, 100% Occupancy
      841 Vogelsong Rd, York, PA 17404
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      4,657 SF

      Industrial Space Near I-83

      Multi-tenant industrial facility with drive-in access and high ceilings.
      491 Maryland Ave, York, PA 17404
      View Details
    • $6 SF/Yr
      20,859 SF

      Industrial Space For Lease

      Industrial space suitable for warehousing or light manufacturing.
      1160 Fahs St, York, PA 17404
      View Details
    • Contact for pricing
      68,200 SF

      Industrial Warehouse Space in York

      Industrial warehouse space for lease in established York business park.
      1128 Roosevelt Ave, York, PA 17404
      View Details
    • $990,000
      12,540 SF

      Well-Maintained Retail/Showroom with Fenced Yard

      Retail/showroom with easy access, docks, drive-in, and fenced yard.
      24-26 Parkway Blvd, York, PA 17404
      View Details
    • Contact for pricing

      Warehouse Space Available For Lease

      Warehouse space available for lease, currently owner-occupied by Wolf Products.
      3400 West Market St, York, PA 17404
      View Details
    • $3 SF/Yr
      15,280 SF

      York County Industrial Property

      15,280 SF Manufacturing Space, PA
      99 Hokes Mill Rd, York, PA 17404
      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.
    55 Forrest St
    York, PA 17404-5514
    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.