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    780 Rte 41 Gap, PA 17527-9482

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    780 Rte 41 Gap, PA 17527-9482

    View on Map
    • Turn key restaurants
    • 5,827 SF
    • 3.60 lot acres
    Off-Market
    Property ID
    US73-0856850
    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
    $680,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 780 Rte 41

    Year built
    1959
    Construction
    FRAME
    Lot size
    3.60 lot acres
    Property size
    5,827 SF
    Zone code
    GC
    Property type
    Turn key restaurants
    APN
    560-74997-0-0000
    APU
    5607499700000

    Description

    This exceptional 5,827 square foot commercial property, situated on a 3.6-acre lot at 780 Route 41 in Gap, Pennsylvania, presents a remarkable redevelopment opportunity. The property boasts a highly desirable C-3 zoning classification, allowing for a wide range of commercial uses, including the possibility of a drive-thru facility. Its strategic location at the signalized intersection of Route 41 and Route 30 ensures high visibility and significant traffic volume, further enhanced by its proximity to established national retailers. This translates to excellent potential for attracting customers and maximizing business exposure. The property is conveniently served by public sewer, eliminating the need for costly septic system installation or maintenance. Multiple curb cuts provide ample access points, facilitating convenient ingress and egress for both customers and deliveries. The expansive lot size offers considerable flexibility for future development and expansion plans. This prime commercial property is ready for an investor or developer to transform it into a thriving business venture. The combination of location, zoning, and infrastructure makes this a truly unique opportunity in the Gap, PA market. Don't miss out on this chance to capitalize on a high-demand location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $620,000
      Market price range: $430k - $934k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $970,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Gap
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.0216
    Latitude
    39.9912
    CBSA code
    29540
    CBSA name
    LANCASTER, 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
    $11,904
    $286,300
    $333,400
    $619,700
    -
    $286,300
    $333,400
    $619,700

    Comparable in this City

    • Value Estimation by Request
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      1,196 SF

      5560 Old Philadelphia Pike

      RESTAURANT • 1,196 SF
      5560 Old Philadelphia Pike, Gap, PA 17527-9769
      View Details
    • Value Estimation
      $625,000
      7,110 SF

      5725 Lincoln Hwy

      RESTAURANT • 7,110 SF
      5725 Lincoln Hwy, Gap, PA 17527-9635
      View Details
    • Value Estimation
      $1,300,000
      2,520 SF

      1417 Kings Hwy

      RESTAURANT • 2,520 SF
      1417 Kings Hwy, Gap, PA 17527-9012
      View Details
    • Value Estimation
      $1,800,000
      9,212 SF

      1401 Kings Hwy

      RESTAURANT • 9,212 SF
      1401 Kings Hwy, Gap, PA 17527-9012
      View Details
    • Value Estimation by Request
      5.59 Acres

      5267 Lincoln Hwy

      RESTAURANT • 5.59 Acres
      5267 Lincoln Hwy, Gap, PA 17527-9427
      View Details

    Similar Nearby for Sale

    • $849,900
      3,138 SF

      Prime Gap Retail Investment

      Three-unit income property, high visibility
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      View Details
    • $211,000
      Pending

      Land Available on Meadeville Road

      Land for sale on Meadeville Road, Gap, Pennsylvania.
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    • $249,000
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      Land in Gap, Pennsylvania

      1.84 acres, R-2 zoning, public water and sewer.
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      View Details
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    780 Rte 41
    Gap, PA 17527-9482
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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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