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    10 E High St New Freedom, PA 17349

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    Commercial and industrial spaces available in New Freedom, Pennsylvania.

    Type:Industrial
    Property size:
    18,355 SF
    Added:
    Jan 21, 2022
    Days on Market:
    1554
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 10 E High St

    General Information

    Standard status
    Active
    Size
    18,355 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 10 E High St Contact us

    Building #6-B $5 /Mo

    Size
    15,000 SF
    Type
    Industrial
    Square Feet: 15,000 SFnCeiling Height: 18’ - 30’n# of Docks: 1n# of Drive-In:...
    show more
    Contact us

    We can help!

    Listing Contact
    Ryan Myers, CCIM

    Listing agent Ryan Myers, CCIM License #PA RS217452L

    Listing office Bennett Williams Commercial

    Listing date Jan 21, 2022

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bennett Williams Commercial

    Overview

    New Freedom Business Park Space

    The New Freedom Business Park features buildings originally utilized for canning operations, now offering a mix of commercial and industrial spaces. Two vacancies are currently available. Building 6B provides 15,000 square feet of space, equipped with one dock door and one drive-in door, and a peak ceiling height of 30 feet. Building 10 offers 18,355 square feet and includes two dock doors. Zoned for Light Industrial use, permitted uses include manufacturing, warehousing, office space, and restaurants. The property is located adjacent to the New Freedom Borough Office and Police Station. The rail trail borders the western property line of the Park, which is used for biking and walking. Additionally, the property is situated one block from the Northern Central Railway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Storage Sense - New Freedom - Self Service — 224 N Constitution Ave, New Freedom, PA 17349
    • Storage Sense — 224 n constitution ave, new freedom, pa 17349

    Location Insight

    • Map
    • Local Demand
    City
    New Freedom
    County
    York
    State
    Pennsylvania
    Longitude
    -76.70445
    Latitude
    39.73622

    Nearby Similar for Lease

    • $5 SF/Yr

      Industrial Space in New Freedom

      Industrial and warehouse spaces available in mixed-use business park.
      20 East High Street, New Freedom, PA
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    • $12 SF/Yr

      Flex Space in Stonebridge Park

      Flex space with easy access to I-83 and amenities.
      781 Far Hills Dr, New Freedom, PA
      View Details
    • $13 SF/Yr

      Office Space in New Freedom

      Office space with convenient access to retail and major highways.
      15894 Elm Dr, New Freedom, PA
      View Details
    • $4 SF/Yr

      Industrial Space in New Freedom

      18,355 SF industrial space available for lease.
      11 E High St, New Freedom, PA
      View Details
    • $4 SF/Yr

      Flex Space Near Heritage Trail

      Flex space near I-83 and Heritage Rail Trail.
      224 N Constitution Ave, New Freedom, PA
      View Details

    FAQs

    What type of property is this?
    Warehouse - Commercial and industrial spaces available in New Freedom, Pennsylvania.
    Where is this warehouse located?
    The property is located at 10 E High St New Freedom, PA.
    What are key features of this property?
    This property features: Two available buildings: 15,000 SF (Building 6B) with one dock and one drive‑in, and 18,355 SF (Building 10) with two dock doors.; Zoned Light Industrial, permitting manufacturing, warehouse, office, and restaurant uses.; Building 6B features a high ceiling peak of 30’.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ryan Myers, CCIM
    Real Estate License ID: PA RS217452L
    Learn More
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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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