Office Condominium
For Sale
Contact for pricing
1600 6th Ave Suite 101/1D, York, PA 17403
Suite 101/1D at Sixth Avenue Professional Center is within a raised-floor office condominium complex.
Property Size6,871 SF
Price / SF$139.35
Days on Market55
Property Features for 1600 6th Ave Suite 101/1D
General Information
Standard status
Active
Size
6,871 SF
Total Parking Spaces
228
Property subtype
Office
Zoning
Industrial Park (IP)
Investment Type
Owner/User
Building Details
Year Built
2004
Year Renovated
2005
Buildings
1
Stories
1
Units
1
Listing Agency:
ROCK Commercial Real Estate
(717) 854-5357
Listed By:
David Bode · License #PA RM423009
Source:
Crexi
Added: Jul 6
Changed: Aug 25
Last Checked: Aug 29 at 1:49AM
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 ROCK Commercial Real Estate
Investment Insights
Based on property information with market context.
Sixth Avenue Professional Center is a 68,788 SF office condominium complex designed with a raised floor system, secure entrances, and common area amenities including restrooms and family waiting areas. The property also includes a patient drop-off area, supporting convenient arrival for office users.
Suite 101/1D is offered for sale within the complex at 1600 6th Ave in York, PA. The professional center’s shared access features include secure entry points, with common facilities intended for day-to-day tenant use.
This offering provides an individual office condominium suite within a purpose-built professional environment, with building-wide improvements centered on secure access and interior infrastructure for office operations.
Suite 101/1D is offered for sale within the complex at 1600 6th Ave in York, PA. The professional center’s shared access features include secure entry points, with common facilities intended for day-to-day tenant use.
This offering provides an individual office condominium suite within a purpose-built professional environment, with building-wide improvements centered on secure access and interior infrastructure for office operations.
Key Highlights
- 6th Avenue Professional Center is a 68,788 SF office condominium complex built in 2004
- Suite 101/1D is located within a raised‑floor office condominium complex
- Features include patient drop‑off area and secure entrances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,092
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$681,840
$681.8K
Cap Rate 7%
$487,029
$487.0K
Cap Rate 9%
$378,800
$378.8K
Market Conditions
NOI Build-Up for 6,871 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.2K $8.76/SF
− Vacancy
−$3.4K −$0.49/SF
EGI
$56.8K $8.27/SF
− OpEx
−$22.7K −$3.31/SF
NOI
$34.1K $4.96/SF
Area
York County, PA
Vacancy
5.60%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$681,840
Cap Rate 7%
$487,029
Cap Rate 9%
$378,800
Alternative Uses
Best Use
Office B
$1.56M
$1.37M – $1.83M
NOI $109,544 @ 7.0% cap · market cap 11.44%
Second Best
Healthcare Medical
$487.0K
$426.2K – $568.2K
NOI $34,092 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,258 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 17403, PA
40,344
Population
16,490
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
89%
High-School Grad
20.6 sq mi
ZIP Area
1,958
Density / Sq Mi
$72,233
Median Household Income
$38,105
Median Earnings
$1,072
Median Rent
$206,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Suite 101/1D at Sixth Avenue Professional Center is within a raised-floor office condominium complex.
Where is this office units located?
The property is located at 1600 6th Ave Suite 101/1D York, PA.
What is the asking price?
The asking price for this property is $957,500.
What are key features of this property?
This property features: 6th Avenue Professional Center is a 68,788 SF office condominium complex built in 2004; Suite 101/1D is located within a raised‑floor office condominium complex; Features include patient drop‑off area and secure entrances
