Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1003 N George St York, PA 17404

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Mixed-use property with a 9.64% CAP rate.

    Property size:
    7,760 SF
    Lot size:
    0.10 Acres

    Property Features for 1003 N George St

    General Information

    Standard status
    Active
    Zoning
    mixed use
    Size
    7,760 SF
    Lot size
    0.10 Acres

    Building Details

    Year built
    1913

    We can help!

    Listing Contact
    Aaron Pendergast
    Source: Crexi

    Listing Agency: Realty One Group Generations Listing Agent: Aaron Pendergast

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

    Learn more

    Overview

    Mixed-Use Investment Opportunity

    This mixed-use property offers an investment opportunity with a 9.64% capitalization rate. The building encompasses a total area of 7,760 square feet.
    Location Intelligence

    Current Use by Public Records

    Tiffany Duncan, LMT ... Alternative Medicine Practice Elite Staffing Inc Employment Agency Rebecca Brenner, LMT Alternative Medicine Practice Titus Touch Music Nightclub The Brown Experience Beauty ... Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.732344
    Latitude
    39.97665

    Nearby Similar for Sale

    • 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
    • New
      $45,000
      1,729 SF

      York City Commercial Office Condo

      Prime commercial office condo in the heart of York City.
      1 E Market St, York, PA 17401
      View Details
    • New
      $65,000
      1,700 SF

      York City Commercial Office Condo

      Prime commercial office space in the heart of York City.
      1 E Market St, York, PA 17401
      View Details
    • $2,448,817
      9,535 SF

      Retail Building in York, PA

      Retail building with national brand tenants in a thriving location.
      2915 Whiteford Rd, York, PA 17402
      View Details
    • $1,400,700
      1.26 Acres

      Freestanding Retail Property on Whiteford

      Freestanding retail property with NNN lease in York, PA.
      2920 Whiteford Rd, York, PA 17402
      View Details
    • $575,000
      0.52 Acres

      Turnkey Multifamily Property in York

      Fully rented 6-unit property with strong cash flow.
      539 Linden Ave, York, PA 17404
      View Details
    • $389,900
      2,128 SF

      York Multifamily Investment Opportunity

      Two properties, three units, long-term tenants, expansion potential.
      1150-1152 E Philadelphia St, York, PA 17403
      View Details
    • New
      $1,100,000
      22,447 SF

      York City Multifamily Investment Portfolio

      Seven-property, eight-unit portfolio in York City for sale.
      7 W Jackson St, York, PA 17401
      View Details
    • $100,000
      2.05 Acres

      Established Nail Salon Business Opportunity

      Profitable nail salon and spa business for sale in York.
      3013 E Market St, York, PA 17402
      View Details
    • $189,900
      1,707 SF

      Turnkey Investment in Dallastown Schools

      Fully rented two-unit property with development potential near I-83.
      327 N Main St, York, PA 17403
      View Details
    • $425,000
      0.63 Acres

      Multi-Family Property with Potential

      Multi-family property in York, PA with over 6000 sq ft.
      119 N George St, York, PA 17401
      View Details
    • New
      $222,500
      1,990 SF

      Income-Producing Duplex in York, PA

      Well-maintained duplex with stable income in York, Pennsylvania.
      819 Linden Ave, York, PA 17404
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with a 9.64% CAP rate.
    Where is this mixed-use property located?
    The property is located at 1003 N George St York, PA.
    What are key features of this property?
    This property features: - Mixed use property, offering diverse income streams.; - Boasting a 9.64% CAP rate, presenting a strong investment opportunity.; - 7,760 SqFt provides ample space for various ventures.
    Request Owner's contact information
    1003 N George St York, PA 17404
    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.
    1003 N George St
    York, PA 17404
    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
    1003 N George St York, PA 17404
    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

    We can help!
    Listing Contact
    Aaron Pendergast
    Real Estate License ID: AB069213
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!