Warehouse with Long Operating
21 Shoehouse Rd York, PA 17406
21 Shoehouse Rd, York, PA, 17406
Contact for pricing
For Sale
Contact for pricing
Well-kept warehouse facility with over 30 years of operating history and proximity to Route 30.
Property Size32,985 SF
Price / SF$110.66
Days on Market56
Property Features for 21 Shoehouse Rd
General Information
- Standard status
- Active
- Size
- 32,985 SF
- Property subtype
- INDUSTRIAL
Listing agency
Bennett Williams Commercial - Lancaster
(717) 843-5555
Listed by
Brad Rohrbaugh · License #RS223285L
Source
Moodyscre
Added: May 27 Updated: Jul 20 at 5:48PM Checked: Jul 20 at 5:48PM
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 Bennett Williams Commercial - Lancaster
Investment Insights
Based on property information with market context.
This clean, very well-kept warehouse facility has over 30 years of operating history. The property is presented as an ownership opportunity where net operating income may be improved through increasing rental rates and managing expenses.
The property is located in a growing area of York on the east side of town, with close proximity to Route 30, the main thoroughfare in the market.
With a total size of 32,985 square feet, this warehouse property offers a straightforward industrial asset for sale in York, Pennsylvania.
The property is located in a growing area of York on the east side of town, with close proximity to Route 30, the main thoroughfare in the market.
With a total size of 32,985 square feet, this warehouse property offers a straightforward industrial asset for sale in York, Pennsylvania.
Key Highlights
- Clean, very well‑kept warehouse facility with over 30 years of operating history
- Opportunity to improve Net Operating Income by increasing rental rates and managing expenses
- Located on the east side of York in a growing area, with close proximity to Route 30
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $291.3k | $8.83 |
| − Vacancy | −$16.3k | −$0.49 |
| EGI | $274.9k | $8.34 |
| − OpEx | −$41.2k | −$1.25 |
| NOI | $233.7k | $7.09 |
32,985 SF · lease $8.83/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.34M
$2.92M – $3.90M
NOI $233,705 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.55M
$8.36M – $11.14M
NOI $668,522 @ 7.0% cap · market cap 18.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Store It-Shoehouse
Storage Facility
U-Haul Neighborhood Dealer
Car Rental Facility
Similar For Sale Nearby
Similar Off Market Nearby
- 1st Class Storage — 4464 Lincoln Hwy Suite 8, York, PA 17406
- Store It-Shoehouse — 21 Shoe House Rd, York, PA 17406
FAQs
What type of property is this?
Warehouse - Well-kept warehouse facility with over 30 years of operating history and proximity to Route 30.
Where is this warehouse located?
The property is located at 21 Shoehouse Rd York, PA.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: Clean, very well‑kept warehouse facility with over 30 years of operating history; Opportunity to improve Net Operating Income by increasing rental rates and managing expenses; Located on the east side of York in a growing area, with close proximity to Route 30
