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Property profile & analytics
OFF-MARKET
Estimated value
$33,675,000
Industrial properties
631 Richland Ave, York, PA 17403-3445
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-4087570
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1927
Total area
471,400 SF
Lot
31.22 ac (1,359,943 SF)
Zoning code
ID
APN
48-000-28-0005.00-00000
UPID
US73-4087570
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
-
J & D Pallets and Recycling Freight Service Logistics Company
-
YorkHoist Factory Industrial Manufacturer
-
Patriot Richland Associates Roofing Company General Contractor
-
Johnson Controls Inc. Industrial Manufacturer Production Facility
-
Marine Tech Wire & Cable Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$42.32M
Comparable Approach
Comparable
$30.10M
Blend (final)
Blend
$33.68M
Owner & transaction history
Patriot Richland Associates · 18 yrs held
Patriot Richland Associates
since 2007
3 recorded transactions
Zoning & alternative use
ID · York, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$51.3M
+132.0%
Retail stores
$48.2M
+117.9%
Auto repair, garage
$44.8M
+102.7%
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 York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs York 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%
$45,845,000
6.5%
$42,315,000
7%
$39,295,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$22,125,000
Current use
MEDICAL BUILDING
$51,325,000
Change: +132% · Conversion: Difficult
RETAIL STORES
$48,200,000
Change: +118% · Conversion: Moderate
AUTO REPAIR, GARAGE
$44,835,000
Change: +103% · Conversion: Easy
OFFICE BUILDING
$43,560,000
Change: +97% · Conversion: Difficult
WAREHOUSE, STORAGE
$43,210,000
Change: +95% · Conversion: Easy
COMMERCIAL (GENERAL)
$26,670,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$33.68M
Range $30.31M – $37.04M · ±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
$71 / 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
$271,079
Tax year 2024
Assessed value
$7,351,137
Assessed 2024
Previous assessed
$7,351,137
+0.0% YoY
Effective rate
3.69%
On assessed value
Assessed land
$595,677
Assessed improvement
$6,755,460
Land market value
$595,677
Improvement market value
$6,755,460
Total market value
$7,351,137
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1927
Heating
YES
Cooling
NONE
Buildings
5
Stories
1
Total area
471,400 SF
Lot
31.22 ac (1,359,943 SF)
Zoning code
ID
APN
48-000-28-0005.00-00000
UPID
US73-4087570
Jurisdiction
YORK
Zoning & alternative use
ID · York, PA
Zoning ID · permitted uses
ID · York, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
York. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$22.1M
MEDICAL BUILDING
Est. value
$51.3M
RETAIL STORES
Est. value
$48.2M
AUTO REPAIR, GARAGE
Est. value
$44.8M
OFFICE BUILDING
Est. value
$43.6M
WAREHOUSE, STORAGE
Est. value
$43.2M
COMMERCIAL (GENERAL)
Est. value
$26.7M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1927
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
31.22 ac
Current owner
From public records · entity-resolved
Patriot Richland Associates
Entity
Mailing address
335 CTR AVE, MAMARONECK, NY 10543-2304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2020
—
Patriot Richland Associates LP
—
Deed
related
$29,500,000 · Fulton Bank NA
Jun 15, 2010
—
Patriot Richland Associates LP
—
Grant Deed
related
$27,675,000 · Bank Of America
Oct 12, 2007
$24,700,000
Patriot Richland Associates
York International Corp
Deed Of Trust
$30,500,000 · Lasalle National Bank
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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