Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2424 Eastern Blvd East York, PA 17402

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    63,989 SF retail shopping center in East York, Pennsylvania.

    Type:Retail
    Property size:
    63,989 SF
    Added:
    Aug 1, 2018
    Days on Market:
    2816
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 2424 Eastern Blvd

    General Information

    Standard status
    Active
    Size
    63,989 SF
    Property subtype
    Retail

    Spaces For Lease

    at 2424 Eastern Blvd Contact us

    Suite 105 $38 /Mo

    Size
    2,160 SF
    Type
    Retail
    Contact us

    Suite 102 $38 /Mo

    Size
    1,686 SF
    Type
    Retail
    Contact us

    Suite 103 $38 /Mo

    Size
    1,691 SF
    Type
    Retail
    Contact us

    Suite 101 $38 /Mo

    Size
    1,743 SF
    Type
    Retail
    Contact us

    Suite 104 $38 /Mo

    Size
    2,110 SF
    Type
    Retail
    Contact us
    Show more

    We can help!

    Listing Contact
    Austin Eckenrode

    Listing agent Austin Eckenrode License #RE #: RS369633

    Listing office Bennett Williams Commercial

    Listing date Aug 1, 2018

    Source Crexi

    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

    Overview

    Retail Space in Eastern Boulevard

    Eastern Boulevard Plaza is a 63,989 square-foot retail shopping center centrally located in York, Pennsylvania. It is situated at the signalized intersection of Eastern Boulevard, which has 14,000 vehicles per day, and Haines Road, which has 18,000 vehicles per day. The center is occupied by Petco and other retailers such as CSL Plasma, Zips Dry Cleaners, Wild Ginger, and Peoples Bank. Eastern Boulevard Plaza is a primary shopping destination in the East York market, featuring a tenant lineup of destination and convenience style retailers. NNN expenses are $3.80 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Village Green Shopping Center — 2300 E Market St, York, PA 17402
    • Eastern Boulevard Plaza — 2430 Eastern Blvd, East York, PA 17402
    • PLAZA 2331 — 2331 E Market St, York, PA 17402, United States
    • Coinstar Kiosk | Bitcoin ATM — Giant Carlisle, 2415 E Market St, York, PA 17402-2402
    • Coinstar Kiosk Bitcoin Enabled — giant carlisle, 2415 e market st, york, pa 17402-2402

    Location Insight

    • Map
    • Local Demand
    City
    East York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.6782991
    Latitude
    39.9716063

    Nearby Similar for Lease

    • Contact for pricing

      Giant-Anchored Retail Space Available

      Retail space in a high-traffic, Giant-anchored shopping center.
      2549 E Market Street, East York, PA
      View Details
    • Contact for pricing

      East York Office Buildings For Lease

      Two 3,000 SF free-standing office buildings for lease.
      2651 Carnegie Rd, East York, PA
      View Details
    • Contact for pricing

      East York Stately Office Building

      Three-story brick office building in desirable East York neighborhood.
      1911 E Market St, East York, PA 17402
      View Details
    • Contact for pricing

      Freestanding Retail Building in York

      3,329 SF freestanding building with high visibility and ample parking.
      110 Haines Rd, East York, PA
      View Details
    • Contact for pricing

      East York Free-Standing Office Buildings

      Two 3,000 SF office buildings for lease in East York.
      2643 Carnegie Rd, East York, PA
      View Details
    • $42,000/mo

      Freestanding Building in York, PA

      3,329 SF freestanding building with ample parking.
      110 Haines Rd, East York, PA 17402
      View Details
    • Contact for pricing

      Industrial Hwy Flex Space Available

      3,276 SF flex space in York, PA for lease.
      2290 Industrial Hwy, East York, PA 17402
      View Details
    • Contact for pricing

      Retail Space in Haines Acres

      Retail space available in well-established shopping center.
      1099 Haines Rd, East York, PA
      View Details
    • Contact for pricing

      Retail Pad Sites Available

      Retail pad sites available in well-established shopping center.
      2420 Eastwood Dr, East York, PA
      View Details
    • Contact for pricing

      Retail Pad Sites Available

      Retail pad sites for lease in established shopping center.
      1071 Haines Rd, East York, PA 17402
      View Details
    • Contact for pricing

      Giant-Anchored Retail Shopping Center

      Retail shopping center with strong co-tenancy and high traffic.
      2501 E Market St, East York, PA 17402
      View Details
    • Contact for pricing

      Retail Space in Village Green

      Neighborhood retail shopping center in East York, Pennsylvania.
      2300 E Market St, East York, PA 17402
      View Details

    FAQs

    What type of property is this?
    Shopping center - 63,989 SF retail shopping center in East York, Pennsylvania.
    Where is this shopping center located?
    The property is located at 2424 Eastern Blvd East York, PA.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location at the signalized intersection of Eastern Boulevard (14,000 VPD) and Haines Road (18,000 VPD).; Anchored by Petco and other national, regional, and local retailers such as CSL Plasma, Zips Dry Cleaners, Wild Ginger and Peoples Bank.; 63,989 square‑foot retail shopping center.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Austin Eckenrode
    Real Estate License ID: RE #: RS369633
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!