York Industrial Park Office/Flex
For Sale
Contact for pricing
2161 Pennsylvania Ave, York, PA 17404
Office/Flex building in York Industrial Business Park available for sale.
Property Size42,000 SF
Price / SF$122.62
Days on Market160
Property Features for 2161 Pennsylvania Ave
General Information
Standard status
Active
Size
42,000 SF
Property subtype
Mixed Use, Office
Zoning
Employment Center District
Building Details
Year Built
1996
Year Renovated
2010
Buildings
1
Stories
1
Listing Agency:
Campbell Commercial Partners
(717) 737-6161
Listed By:
Jessica Gasper · License #PA AB069596
Source:
Crexi
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 11 at 9:18AM
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 Campbell Commercial Partners
Investment Insights
Based on property information with market context.
An office/flex building is available for sale in York Industrial Business Park. The property is conveniently located near Route 30 and Interstate-83, providing accessibility to Route 30 for connections to Lancaster County, and Interstate-81 for direct access to the Baltimore/Washington area. The property has a size of 42000 square feet. York City Industrial Park tenants include Pennex Aluminum, Schaedler Yesco, Bowlers Supply, and Dauphin Electric Supply.
Key Highlights
- Convenient location near Route 30 and Interstate‑83.
- Accessible to Route 30 linking to Lancaster County.
- Direct access to the Baltimore/Washington area via Interstate‑81.
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
$434,700
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
8.44%
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%
$8,694,000
$8.7M
Cap Rate 7%
$6,210,000
$6.2M
Cap Rate 9%
$4,830,000
$4.8M
Market Conditions
NOI Build-Up for 42,000 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
$756.0K $18.00/SF
− Vacancy
−$60.5K −$1.44/SF
EGI
$695.5K $16.56/SF
− OpEx
−$260.8K −$6.21/SF
NOI
$434.7K $10.35/SF
Area
York County, PA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$8,694,000
Cap Rate 7%
$6,210,000
Cap Rate 9%
$4,830,000
Alternative Uses
Best Use
Office B
$9.57M
$8.37M – $11.16M
NOI $669,604 @ 7.0% cap · market cap 13.00%
Second Best
Mixed Use
$6.21M
$5.43M – $7.25M
NOI $434,700 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$12.16M
$10.64M – $14.19M
NOI $851,233 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office/Flex building in York Industrial Business Park available for sale.
Where is this mixed-use property located?
The property is located at 2161 Pennsylvania Ave York, PA.
What is the asking price?
The asking price for this property is $5,150,000.
What are key features of this property?
This property features: Convenient location near Route 30 and Interstate‑83.; Accessible to Route 30 linking to Lancaster County.; Direct access to the Baltimore/Washington area via Interstate‑81.
