Building Details

Year Built 1975

Building Size 9,460 SF

Listing Agency: Inch & Co. Real Estate, LLC Show Phone

Listed By: Tate J Kibler · License #RS374236 Show Phone

Source: Cummingsrealtors

Added: Oct 17 Changed: Oct 19 Last Checked: Oct 19 at 2:12PM

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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 Inch & Co. Real Estate, LLC

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Investment Insights

Based on property information with market context.

This 9,460-square-foot flex property combines office and industrial space. The 1975 building includes multiple offices, conference rooms, two drive-in doors, and one small loading bay. Three-phase power and more than 31 on-site parking spaces are also in place; the loading area may accommodate two additional bays.

The property offers direct access to I-83 in a York industrial, distribution, and manufacturing corridor. Businesses in the corridor include York Barbell, Menasha Packaging, Pennsylvania Steel Co, United Rentals, and Fox Pest Control.

Key Highlights

• 9,460‑square‑foot office and industrial property
• Two drive‑in doors and one small loading bay, with room to add two more
• Multiple offices and conference rooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$55,198

Cap Rate

7.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,103,960 $1.1M

Cap Rate 7%

$788,543 $788.5K

Cap Rate 9%

$613,311 $613.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,460 SF

Gross rent

$83.5K $8.83/SF

− Vacancy

−$4.7K −$0.49/SF

EGI

$78.9K $8.34/SF

− OpEx

−$23.7K −$2.50/SF

NOI

$55.2K $5.83/SF

Area

York County, PA

Vacancy

5.60%

Lease Rate

$8.83 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,103,960

Cap Rate 7%

$788,543

Cap Rate 9%

$613,311

Alternative Uses

Best Use

Industrial

$788.5K

$690.0K – $920.0K (±1% cap)

NOI $55,198 @ 7.0% cap · market cap 7.89%

Second Best

Flex RnD

$726.4K

$635.6K – $847.5K (±1% cap)

NOI $50,849 @ 7.0% cap · market cap 7.26%

Theoretical Best

Office A

$2.74M

$2.40M – $3.20M (±1% cap)

NOI $191,730 @ 7.0% cap · market cap 27.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Paragon Consulting Services (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Restaurant Furniture & Home Goods Grocery & Convenience Store Parking Lot & Garage Carpet & Flooring Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Drive-in doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

179

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 17406, PA

23,700

Population

9,357

Households

2.5

Avg Household Size

42

Median Age

28%

College-Educated

92%

High-School Grad

48.9 sq mi

ZIP Area

485

Density / Sq Mi

$85,183

Median Household Income

$46,427

Median Earnings

$1,362

Median Rent

$218,000

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Office and industrial areas are complemented by three-phase power and conference rooms.

Where is this flex space located?

The property is located at 3488 BOARD ROAD York, PA.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: 9,460‑square‑foot office and industrial property; Two drive‑in doors and one small loading bay, with room to add two more; Multiple offices and conference rooms