New Construction Flex
For Sale
Contact for pricing
1850 Lemon Street, York, PA 17404
Industrial-zoned flex space offers a substantial warehouse footprint with planned office functionality.
Property Size73,136 SF
Price / SF$149.99
Days on Market107
Property Features for 1850 Lemon Street
General Information
Standard status
Active
Size
73,136 SF
Property subtype
Industrial
Zoning
General Industrial (I-3)
Lease Type
Absolute Net
Building Details
Year Built
2026
Building Size
73,136 SF
Listing Agency:
ROCK Commercial Real Estate
Listed By:
David Bode · License #PA RM423009
(717) 854-5357
Source:
Crexi
Added: Jul 2
Changed: Oct 5
Last Checked: Oct 16 at 8:38AM
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
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Investment Insights
Based on property information with market context.
Located at 1850 Lemon Street in York, Pennsylvania, this flex space is planned as a 73,136 SF industrial facility. The project is new construction with approximately 3,400 SF designated for future office space, creating a combination of warehouse and administrative areas within one building.
The property carries General Industrial (I-3) zoning. Completion is projected for Q3 2026, with the asset’s construction year identified as 2026.
The property carries General Industrial (I-3) zoning. Completion is projected for Q3 2026, with the asset’s construction year identified as 2026.
Key Highlights
- 73,136 SF industrial flex space
- Approximately 3,400 SF of future office space
- General Industrial (I‑3) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$518,183
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,363,660
$10.4M
Cap Rate 7%
$7,402,614
$7.4M
Cap Rate 9%
$5,757,589
$5.8M
Market Conditions
NOI Build-Up for 73,136 SF
Gross rent
$645.8K $8.83/SF
− Vacancy
−$36.2K −$0.49/SF
EGI
$609.6K $8.34/SF
− OpEx
−$91.4K −$1.25/SF
NOI
$518.2K $7.09/SF
Area
York County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,363,660
Cap Rate 7%
$7,402,614
Cap Rate 9%
$5,757,589
Alternative Uses
Best Use
Warehouse
$7.40M
$6.48M – $8.64M
NOI $518,183 @ 7.0% cap · market cap 4.72%
Second Best
Industrial
$6.10M
$5.33M – $7.11M
NOI $426,739 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$21.18M
$18.53M – $24.70M
NOI $1,482,280 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 17404, PA
37,745
Population
15,716
Households
2.4
Avg Household Size
38
Median Age
30%
College-Educated
89%
High-School Grad
21.5 sq mi
ZIP Area
1,756
Density / Sq Mi
$75,882
Median Household Income
$43,408
Median Earnings
$1,136
Median Rent
$176,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Sea2Pla8 — 1340 W King St, York, PA 17404
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned flex space offers a substantial warehouse footprint with planned office functionality.
Where is this flex space located?
The property is located at 1850 Lemon Street York, PA.
What is the asking price?
The asking price for this property is $10,970,000.
What are key features of this property?
This property features: 73,136 SF industrial flex space; Approximately 3,400 SF of future office space; General Industrial (I‑3) zoning
