Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2 Waterford Professional Ctr York, PA 17402

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,745 /Mo ($13 SF/Yr)

    Office space for lease with multiple offices, break room.

    Property size:
    1,500 SF
    Lot size:
    2.33 Acres

    Property Features for 2 Waterford Professional Ctr

    General Information

    Size
    1,500 SF
    Lot size
    2.33 Acres

    We can help!

    Listing Contact
    Keith A Kahlbaugh
    Keith A Kahlbaugh
    Source: Moodyscre

    Listing Agent: Keith A Kahlbaugh

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

    Learn more

    Overview

    Professional Office Space For Lease

    This professional office space is available for lease. Located at Route 24 and South Cape Horn Road, Suite 6D is situated in Building #2 and offers 1,500 square feet of space. The suite includes multiple offices, a break room, and a private restroom. The monthly rent is $1,745, in addition to electric and gas expenses. A one-time, non-refundable application fee of $75 is required for all new tenants and must be paid upfront.
    Location Intelligence

    Current Use by Public Records

    Spry Chiropractic Chiropractor Christopher W. Franz, ... Nutritionist Master Appraisers Real Estate Appraiser Paula's Massage Therapy Massage Therapist Elm Center Counseling Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.650421
    Latitude
    39.954144

    Nearby Similar for Lease

    • $650 /Mo
      44,431 SF

      Loft Style Office in York

      Loft-style office with exposed brick, courtyard access, and parking.
      600 N Hartley St, York, PA 17404
      View Details
    • $33,000
      7,405 SF

      Renovated Office Building, Downtown York

      Prime location, flexible space, ideal for office or production.
      325 E Market St, York, PA 17403
      View Details
    • $15 SF/Yr
      1,586,455 SF

      Class A Office Space Available

      Professional office space for lease near Interstate 83 in York.
      250 Cross Farm Ln, York, PA 17406
      View Details
    • $55,000
      173,369 SF

      Retail Pad Site in York

      Grocery-anchored shopping center pad site available for lease.
      1500 N George St, York, PA 17404
      View Details
    • $8 SF/Yr
      700,445 SF

      Retail Space in East York

      11,000 SF retail space for lease in York, PA.
      4075 E Market St, York, PA 17402
      View Details
    • $3,500 /Mo
      10,890 SF

      Commercial Building with Service Bays

      Commercial building with service bays and customer reception area for lease.
      326 S Richland Ave, York, PA 17404
      View Details
    • $1,000 /Mo
      12,197 SF

      East York Office Space Available

      High visibility office space for lease in East York.
      1810 E Market St, York, PA 17402
      View Details
    • Contact for pricing
      10,000 SF

      York Retail/Office Building For Lease

      10,000 SF commercial building with retail and office space.
      175 N Hills Rd, York, PA 17402
      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
    • Contact for pricing
      16,316 SF

      Grocery Anchored Retail Shopping Center

      Retail shopping center anchored by PriceRite Marketplace and national co-tenants.
      2142 S Queen St, York, PA 17403
      View Details
    • $7 SF/Yr
      57,980 SF

      Warehouse Space off RT 30

      17,000 SF warehouse space with garage door and shared dock.
      1001 Loucks Mill Rd, York, PA 17402
      View Details
    • $3,500 /Mo
      216,000 SF

      Renovated Mixed-Use Building in York

      216,000 SF mixed-use building with on-site amenities and parking.
      441 E Market St, York, PA 17403
      View Details

    FAQs

    What type of property is this?
    Office space - Office space for lease with multiple offices, break room.
    Where is this office space located?
    The property is located at 2 Waterford Professional Ctr York, PA.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Convenient location at Route 24/South Cape Horn Road.; - 1,500 SF office space.; - Monthly rent of $1,745 plus electric & gas.
    (717) 887-9668
    Request Owner's contact information
    2 Waterford Professional Ctr York, PA 17402
    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.
    2 Waterford Professional Ctr
    York, PA 17402
    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
    2 Waterford Professional Ctr York, PA 17402
    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
    Keith A Kahlbaugh
    Keith A Kahlbaugh
    Real Estate License ID: AB067648
    (717) 887-9668
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.