Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1518 George St York, PA 17403-4506
    Back to Search
    Property profile & analytics

    1518 George St, York, PA 17403-4506

    View on Map
    • Warehouses
    • 12,696 SF
    • 0.69 lot acres
    Off-Market
    Last Sale Feb 2, 2025
    $310,000
    Property ID
    US73-2667753
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1518 George St

    Year built
    1936
    Lot size
    0.69 lot acres
    Zone code
    RS
    Property type
    Warehouses
    APN
    48-000-24-0001.00-00000
    APU
    480002400010000000

    Description

    This 0.69-acre industrial warehouse in York, PA (APN: 4800024000100, York County), offers 11' high ceilings and an open layout perfect for various storage needs, such as car storage. The property features a large 13' x 11' roll-up door for easy access, ample natural light from numerous windows, and durable concrete floors. The zoning is commercial. While there is no bathroom or heating system within the unit, the location provides convenient access to South York and Interstate 83, enhancing logistical efficiency. Exterior parking is available at the rear of the building. This single-tenancy space presents a practical and well-situated solution for businesses requiring substantial storage capacity. The address is 1518 S George St, York, PA 17403. This property is zoned for commercial use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.7141
    Latitude
    39.9341
    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
    $6,540
    $122,720
    $54,630
    $177,350
    -
    $122,720
    $54,630
    $177,350

    Comparable in this City

    • Value Estimation by Request
      2,200 SF

      21 Pne St

      MINI-WAREHOUSE, STORAGE
      21 Pne St, York, PA 17403-1533
      View Details
    • Value Estimation
      $2,295,000
      74,200 SF

      651 Richland Ave

      MINI-WAREHOUSE, STORAGE
      651 Richland Ave, York, PA 17403-3445
      View Details
    • Value Estimation by Request
      14,850 SF

      130 Nn St

      WAREHOUSE, STORAGE
      130 Nn St, York, PA 17403
      View Details
    • Value Estimation
      $670,000
      3,402 SF

      1007 Mason Ave

      MINI-WAREHOUSE, STORAGE
      1007 Mason Ave, York, PA 17403
      View Details
    • Value Estimation
      $1,885,000
      44,156 SF

      300 Sherman St

      WAREHOUSE, STORAGE
      300 Sherman St, York, PA 17403-1335
      View Details
    • Value Estimation by Request
      6,720 SF

      223 Springdale Rd

      WAREHOUSE, STORAGE
      223 Springdale Rd, York, PA 17403-3927
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,880 SF

      Flex Office and Industrial Facility

      Flex office and industrial facility with warehouse/shop space for sale.
      391 Greendale Rd, York, PA 17403
      View Details
    • $297,000
      0.17 Acres

      Renovated Office Building, York PA

      Prime downtown location, versatile space for office, production, or retail.
      325 E Market St, York, PA 17403
      View Details
    • $849,000
      5,531 SF

      York County Ranch - 7 Acres

      Spacious Ranch, 2 Homes, 7 Acres
      2505 Joppa Rd, York, PA 17403
      View Details
    • Contact for pricing
      2,500 SF

      Pad Site Near Lidl Grocery

      Commercial pad site available near high-volume Lidl grocery store.
      980 S Richland Ave, York, PA 17403
      View Details
    • New
      $149,900
      2,122 SF

      Downtown York Two-Unit Multifamily Property

      Two-unit multifamily property in Downtown York with upside potential.
      219 Walnut St, York, PA 17403
      View Details
    • Contact for pricing
      2,175 SF

      Drive-Thru Restaurant Building in York

      2,175 SF drive-thru restaurant on 0.43 acres for sale.
      1125 Edgar St, York, PA 17403
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,592 SF

      Industrial Space in South York

      Industrial spaces available for light manufacturing, storage, or assembly.
      615 S Pine St, York, PA 17403
      View Details
    • Contact for pricing
      8,426 SF

      Renovated Flex Space in York

      Recently renovated flex space with office and warehouse areas.
      1410-1422 6Th Ave, York, PA 17403
      View Details
    • Contact for pricing
      342,720 SF

      York Warehouse Space Available

      390,334 SF warehouse space for rent in York, PA.
      1090 E Boundary Ave, York, PA 17403
      View Details
    • Contact for pricing
      20,620 SF

      York Warehouse Space Available

      20,620 SF warehouse space with docks for lease.
      550 N State St, York, PA 17403
      View Details
    • Contact for pricing
      30,808 SF

      York Warehouse with Outdoor Storage

      80,000 SF warehouse with outdoor storage near I-83.
      1499 E Philadelphia St, York, PA 17403
      View Details
    • $3,500 /Mo

      Renovated Mixed-Use Building in York

      216,000 SF mixed-use building with on-site amenities and parking.
      441 E Market St, York, PA 17403
      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.
    1518 George St
    York, PA 17403-4506
    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

    Thank You for Inquiry
    1518 George St, York, PA, 17403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!