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Property profile & analytics
OFF-MARKET
Estimated value
$3,680,000
Strip malls
Ee Forrest Ave Shrewsbury, PA 17361
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-4185307
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Total area
68,516 SF
Lot
12.42 ac (541,015 SF)
Zoning code
C
APN
45-000-CJ-0061.K0-00000
UPID
US73-4185307
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.39M
Blend (final)
Blend
$3.68M
Owner & transaction history
Commonwealth Of Pa · 7 yrs held
Commonwealth Of Pa
since 2018
1 recorded transaction
Zoning & alternative use
C · Shrewsbury, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide reasonable standards for the development of commercial uses which serve the needs of the local residents
Zone name
Commercial
General category
COMMERCIAL
Zone area
106.25 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$5.9M
+149.7%
Medical building
$5.4M
+126.8%
Office building
$5.3M
+124.8%
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 Shrewsbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shrewsbury 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
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,375,000
Current use
AUTO REPAIR, GARAGE
$5,930,000
Change: +150% · Conversion: Difficult
MEDICAL BUILDING
$5,385,000
Change: +127% · Conversion: Difficult
OFFICE BUILDING
$5,340,000
Change: +125% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,880,000
Change: +105% · Conversion: Difficult
RETAIL STORES
$4,400,000
Change: +85% · Conversion: Easy
Blend value · Realmo final
$3.68M
Range $3.31M – $4.05M · ±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
$54 / 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
$161,099
Tax year 2024
Assessed value
$5,992,360
Assessed 2024
Previous assessed
$5,992,360
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$854,830
Assessed improvement
$5,137,530
Land market value
$854,830
Improvement market value
$5,137,530
Total market value
$5,992,360
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
CENTRAL
Total area
68,516 SF
Lot
12.42 ac (541,015 SF)
Zoning code
C
APN
45-000-CJ-0061.K0-00000
UPID
US73-4185307
Jurisdiction
YORK
Zoning & alternative use
C · Shrewsbury, PAZoning C · permitted uses
C · Shrewsbury, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide reasonable standards for the development of commercial uses which serve the needs of the local residents
Zone name
Commercial
General category
COMMERCIAL
Zone area
106.25 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
RETAIL STORES
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1997
Heating
FORCED AIR
Cooling
Yes
Lot
12.42 ac
Current owner
From public records · entity-resolved
Commonwealth Of Pa
Individual
Free & Clear · 7 yrs held
Mailing address
4750 OWINGS MLS BLVD, OWINGS MILLS, MD 21117-4904
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Aug 28, 2018
$986,000
Commonwealth Of Pa
Shrewsbury Commons LP
Grant Deed
related
—
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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