Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    980 S Richland Ave York, PA 17403

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    980 S Richland Ave York, PA 17403

    View on Map
    • Grocery and convenience stores
    • 3.98 lot acres
    For Sale
    $900,000
    View Listing →
    Commercial Outparcels Available For Sale For Sale
    $900,000

    Commercial Outparcels Available For Sale

    Commercial outparcels available for sale or lease.

    980 S Richland Ave, York, PA 17403
    View Listing
    Property ID
    US73-5216105
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lidl / Grocery & Convenience Store / Food Market

    Property Details for 980 S Richland Ave

    Year built
    2019
    Lot size
    3.98 lot acres
    Property type
    Grocery and convenience stores
    APN
    48-000-29-0001.E0-00000
    APU
    48000290001E000000

    Description

    This exceptional commercial land parcel, located at 980 S Richland Avenue in York, Pennsylvania (zip code 17403), presents a prime investment opportunity. The property, owned by LIDL US OPERATIONS, LLC, is being offered for sale at $900,000. This pad site offers unparalleled visibility on Richland Avenue, boasting an average annual daily traffic count exceeding 18,000 vehicles. Its strategic location provides easy access to a high-volume Lidl grocery store, ensuring significant foot traffic and consumer exposure for any future development. The site benefits from its proximity to York College, contributing to a strong and growing residential population base in the immediate vicinity. This presents a unique chance to capitalize on the established commercial activity and the expanding residential market in this thriving area of York County. The property is classified as commercial land and is ideal for a variety of development projects seeking high visibility and convenient access to a major retail anchor. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.7411
    Latitude
    39.9423
    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
    $105,148
    $579,730
    $2,271,680
    $2,851,410
    -
    $579,730
    $2,271,680
    $2,851,410

    Comparable in this City

    • Value Estimation
      $755,000
      7,596 SF

      910 Richland Ave

      CONVENIENCE STORE • 7,596 SF
      910 Richland Ave, York, PA 17403-3448
      View Details
    • Value Estimation by Request
      7,960 SF

      750 Princess St

      GROCERY, SUPERMARKET • 7,960 SF
      750 Princess St, York, PA 17403-2434
      View Details
    • Value Estimation by Request
      5,520 SF

      362 Main St

      CONVENIENCE STORE • 5,520 SF
      362 Main St, York, PA 17403-9609
      View Details
    • Value Estimation by Request
      1,932 SF

      1300 Mt Rose Ave

      CONVENIENCE STORE • 1,932 SF
      1300 Mt Rose Ave, York, PA 17403-2906
      View Details
    • Value Estimation
      $4,495,000
      45,640 SF

      2720 Queen St

      GROCERY, SUPERMARKET • 45,640 SF
      2720 Queen St, York, PA 17403-9701
      View Details
    • Value Estimation by Request
      2,800 SF

      1000 George St

      CONVENIENCE STORE • 2,800 SF
      1000 George St, York, PA 17403-3697
      View Details

    Similar Nearby for Sale

    • $1,900,000
      1.96 Acres

      Retail and Office Space Available

      Multi-unit commercial space with flexible zoning in York, Pennsylvania.
      1071 S Edgar St, York, PA 17403
      View Details
    • $2,900,000
      22,000 SF

      Redevelopment Opportunity on Signalized Corner

      2.2 AC corner lot with 22,000 SF building.
      1001 W Market St, York, PA 17403
      View Details
    • $425,000
      6,270 SF

      York Office and Storage Space

      Office space with storage in York, Pennsylvania.
      1120 E Mason Ave, York, PA 17403
      View Details
    • $1,900,000

      Multi-Unit Commercial Retail Space

      Well-located commercial space with flexible zoning and value-add potential.
      1071 S Edgar St, York, PA 17403
      View Details
    • New
      $297,000
      0.17 Acres

      Renovated Office Building, York PA

      Prime downtown location, versatile space for office, production, or retail.
      325 E Market St, York, PA 17403
      View Details
    • $450,000
      2,175 SF

      Drive-Thru Restaurant Building in York

      2,175 SF drive-thru restaurant on 0.43 acres for sale.
      1125 Edgar St, York, PA 17403
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,245 SF

      Prime Retail Storefront in New Salem

      High-traffic location, development potential
      301 Main St, York, PA 17403
      View Details
    • Contact for pricing
      5,000 SF

      Retail Center on West Market

      Retail spaces available in high-traffic York County shopping center.
      1200 W Market St, York, PA 17403
      View Details
    • Contact for pricing
      3,000 SF

      New Office/Retail Space Available

      New 3,000 SF office/retail space in repurposed warehouse complex.
      1320 W Market St, York, PA 17403
      View Details
    • $12 SF/Yr
      978 SF

      Retail Space with Ample Parking

      Retail space with great visibility and proximity to landmarks.
      1750 S Queen St, York, PA 17403
      View Details
    • Contact for pricing
      1,950 SF

      Retail Building in High-Traffic Area

      10,693 SF retail building with high visibility and traffic.
      2801 N George St, York, PA 17403
      View Details
    • Contact for pricing
      2,670 SF

      Retail Space in Colonial Center

      Move-in ready retail space in high-traffic York location.
      964 S George St, York, PA 17403
      View Details
    View Listing
    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.
    980 S Richland Ave
    York, PA 17403
    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

    Thank You for Inquiry

    980 S Richland Ave, York, PA, 17403

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!