Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Buildings Under Construction on Acres Title is generated by Realmo AI

    645 & 675 Locust Point Road, York, PA 17406

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two industrial buildings under construction with unmatched I-83 access.

    Type:Industrial
    Property size:
    422,865 SF
    Lot size:
    68.95 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    58
    Last Refresh:
    Mar 16 at 10:33 am

    Property Features for 645 & 675 Locust Point Road

    General Information

    Standard status
    Active
    Size
    422,865 SF
    Lot size
    68.95 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Michael Pietropola

    Listing agent Michael Pietropola

    Listing office CBRE | Harrisburg

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE | Harrisburg

    HighLights

    • Unmatched access along I‑83
    • Premier location serving the Northeast Industrial Corridor
    • Building 1: 422,865 SF
    • Building 2: 285,000 SF
    • Situated on 68.95 acres of land
    • Two buildings are currently under construction

    Overview

    Two buildings are currently under construction on 68.95 acres of land. Building 1 encompasses 422,865 square feet, while Building 2 offers 285,000 square feet. The property benefits from its location with access along I-83, serving the Northeast Industrial Corridor.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Showroom Food Market Storage Facility Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.75268
    Latitude
    40.071632

    Nearby Similar for Lease

    • $1,200/Mo

      York City Commercial Office Condo

      Prime commercial office space for rent in York, Pennsylvania.
      1 E MARKET Street, YORK, PA 17401
      View Details
    • $9,300/Mo

      Drive-Through Restaurant Opportunity in York

      Two-lane drive-through restaurant for lease in York, PA.
      4315 N GEORGE Street, YORK, PA 17406
      View Details
    • $1,690/Mo

      East York Office Space Available

      Highly accessible East York location with private offices and conference room.
      2215 E MARKET Street, YORK, PA 17402
      View Details
    • $850/Mo

      Affordable Office Space in York

      Affordable office space with private offices, conference room, restrooms.
      2215 E MARKET Street, YORK, PA 17402
      View Details
    • $750/Mo

      East York High Visibility Office

      East York office space with parking available for lease.
      1810 E MARKET Street, YORK, PA 17402
      View Details
    • $33,000 SF/Yr

      Renovated Office Building, Downtown York

      Prime location, flexible space, ideal for office or production.
      325 E MARKET Street, YORK, PA 17403
      View Details
    • $16 SF/Yr

      High-Visibility Office Space in York

      3,484 SF office space on East Market Street for lease.
      3995 E MARKET Street, 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
    • $13 SF/Yr
      796 SF

      Economical Office Suite in York

      Affordable office space in Spring Garden Township, York, PA.
      751 N Franklin St, York, PA
      View Details
    • $23 SF/Yr
      1,077 SF

      Retail Center on Eastern Boulevard

      Retail space available in high-traffic York location.
      2701 Eastern Blvd, York, PA
      View Details
    • $16 SF/Yr
      2,915 SF

      Grocery-Anchored Retail Space Available

      Retail space for lease in a busy shopping center.
      205-275 Pauline Dr, York, PA
      View Details
    • $995/Mo
      522 SF

      Redeveloped Retail Space in York

      522 SF boutique retail space in downtown York.
      38 S Beaver St, York, PA
      View Details

    FAQs

    What type of property is this?
    Specialty property - Two industrial buildings under construction with unmatched I-83 access.
    Where is this specialty property located?
    The property is located at 645 & 675 Locust Point Road York, PA.
    What are key features of this property?
    This property features: Unmatched access along I‑83; Premier location serving the Northeast Industrial Corridor; Building 1: **422,865 SF**
    (717) 238-9696
    We can help!
    Listing Contact
    Michael Pietropola
    Learn More
    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.
    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
    645 & 675 Locust Point Road, York, PA, 17406
    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!