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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    19 Reynolds Mill Rd York, PA 17403

    • Medical offices
    • 8,800 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2646818
    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

    • Medical offices

    Property Details for 19 Reynolds Mill Rd

    Property size
    8,800 SF
    Property type
    Medical offices

    Description

    Leader Square Shoppes presents a unique opportunity for businesses seeking versatile retail or office space in York, Pennsylvania. This 8,800 square foot property, located at 19 Reynolds Mill Rd, 17403, offers a flexible layout with a minimum divisible space of 1,400 square feet and the potential for a single contiguous space of 8,800 square feet. Currently, the entire 8,800 square feet is vacant, providing a blank canvas for your business. The property features a desirable drive-thru and outdoor patio, enhancing its appeal and functionality. Designed as a "vanilla box" delivery, the space can be subdivided into 1,400 or 1,820 square foot suites, catering to various business needs. Benefitting from three road frontages, Leader Square Shoppes boasts exceptional visibility and accessibility. Its strategic location, just half a mile from I-83, provides convenient access to major transportation routes and places it within close proximity to Lancaster, Harrisburg, and Baltimore. The surrounding area is characterized by a mix of medical facilities, country clubs, professional offices, residential areas, and hospitality businesses, creating a vibrant and diverse community. The property is zoned RS and has an APN of 54-000-06-0016.00-00000 in York County. This is an exceptional opportunity to establish a presence in a thriving and rapidly developing retail area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.7138667
    Latitude
    39.9099497

    Comparable in this City

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    • $10 SF/Yr
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      York, PA Office Suite - 7,000 SF

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      Versatile York Commercial Space Available

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    Similar Nearby for Lease

    • $18 SF/Yr
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      Medical Office in Professional Center

      Medical office suite in a secure, accessible professional center.
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      2,774 SF

      Functional Office Space Available

      Move-in ready office suite in a high-traffic, amenity-rich location.
      912 S George St, York, PA 17403
      View Details
    • $12 SF/Yr
      4,705 SF

      Professional Office/Medical Space Available

      4,705 SF office/medical space with dedicated parking, private entrance.
      1399 S Queen St, York, PA 17403
      View Details
    • Contact for pricing
      47,439 SF

      York County Industrial Space For Lease

      Large Manufacturing/Warehouse, 47,439 SF
      2720 Queen St, York, PA 17403
      View Details
    • $10 SF/Yr
      3,000 SF

      New Office/Retail Space Available

      New 3,000 SF office/retail space in repurposed warehouse complex.
      1320 W Market St, York, PA 17403
      View Details
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      215,000 SF

      York, PA Office Suite - 7,000 SF

      Prime York, PA office space. 7,000 sq ft, ample parking.
      441 Market St, York, PA 17403
      View Details
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    19 Reynolds Mill Rd
    York, PA 17403
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    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
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