Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1050 Locust Pt Rd York, PA 17406-6059

    • Industrial properties
    • 56,950 SF
    • 19.35 lot acres
    OFF-MARKET
    Last Sale
    Jun 20, 2023
    Value Estimations
    $1,190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1472729
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garrod Hydraulics Inc / Hydraulic Repair Service
    • Riverstone York / Church

    Property Details for 1050 Locust Pt Rd

    Year built
    2003
    Lot size
    19.35 lot acres
    Property size
    56,950 SF
    Zone code
    I
    Property type
    Industrial properties
    APN
    26-000-MH-0015.E0-00000
    APU
    26000MH0015E000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $930,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,456,000
      Market price range: $884k - $2.30M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.7472
    Latitude
    40.0626
    CBSA code
    49620
    CBSA name
    YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $68,600
    $491,640
    $1,476,790
    $1,968,430
    -
    $491,640
    $1,476,790
    $1,968,430

    Comparable in this City

    • Value Estimation by Request
      34.00 Acres

      4974 Lees Ln

      Land • 34.00 Acres
      4974 Lees Ln, York, PA 17406
      View Details
    • Value Estimation by Request
      223,000 SF

      4974 Lees Ln

      Refrigerated & Cold Storages • 223,000 SF
      4974 Lees Ln, York, PA 17406
      View Details
    • Value Estimation
      $840,000
      265,645 SF

      100 Jci Way

      HEAVY INDUSTRIAL • 265,645 SF
      100 Jci Way, York, PA 17406-8513
      View Details
    • Value Estimation
      $810,000
      133,039 SF

      74 Commerce Way

      HEAVY INDUSTRIAL • 133,039 SF
      74 Commerce Way, York, PA 17406-8038
      View Details
    • Value Estimation
      $445,000
      2,304 SF

      112 Crone Rd

      INDUSTRIAL (GENERAL) • 2,304 SF
      112 Crone Rd, York, PA 17406-9768
      View Details
    • Value Estimation by Request
      93.91 Acres

      Regional Way

      HEAVY INDUSTRIAL • 93.91 Acres
      Regional Way, York, PA 17406
      View Details

    Similar Nearby for Sale

    • $480,000
      3.20 Acres

      York Industrial Land: 3.2 Acres

      Prime Industrial Land, Approved Building Plans
      20 Marianne Dr, York, PA 17406
      View Details
    • $1,795,000
      14,000 SF

      Industrial Facility Leased to Mayekawa MYCOM

      Single-tenant industrial facility in York County, Pennsylvania, leased to MYCOM.
      3200 Farmtrail Rd, York, PA 17406
      View Details
    • $1,500,000

      Commercial Land Near York Galleria

      2-acre commercial land parcel for development near York Galleria.
      1573 Mount Zion Rd, York, PA 17406
      View Details
    • $199,900

      Charming Townhome in Central York

      Well-maintained 3-bedroom townhome with scenic views and modern amenities.
      2255 N Point Dr, York, PA 17406
      View Details
    • $795,000

      Commercial Land Near Wellspan York

      Commercial land with high visibility and development potential.
      2605 Susquehanna Trl S, York, PA 17406
      View Details
    • $179,900
      3.41 Acres

      Wooded Lot in Eastern School

      3.41+/- acre wooded lot in desirable Eastern School District.
      OFF Kreutz Creek Ave, York, PA 17406
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      270,867 SF

      York Warehouse Space Available

      270,867 SF warehouse/distribution space in York, PA.
      550 Willow Springs Ln, York, PA 17406
      View Details
    • Contact for pricing
      675,000 SF

      Spacious Warehouse with Cold Storage

      675,000 SF warehouse with extensive loading docks and parking.
      225 Cross Farm Ln, York, PA 17406
      View Details
    • Contact for pricing
      36,550 SF

      Willow Springs Industrial Space

      36,550 SF Flex Warehouse, Ideal Location
      20 Willow Springs Cir, York, PA 17406
      View Details
    • Contact for pricing
      364,000 SF

      York Warehouse and Distribution Space

      Available warehouse and distribution space in York, Pennsylvania.
      250 Cloverleaf Rd, York, PA 17406
      View Details
    • Contact for pricing
      278,582 SF

      York Warehouse with Food Grade

      278,582 SF warehouse with food grade improvements for lease.
      55 Grumbacher Rd, York, PA 17406
      View Details
    • Contact for pricing
      65,340 SF

      York, PA Trailer Parking Lot

      126 Spots, Prime Industrial Location
      20 Willow Springs Cir, York, PA 17406
      View Details
    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.
    1050 Locust Pt Rd
    York, PA 17406-6059
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.