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

    3701 Concord Rd York, PA 17402-9101

    • Flex space
    • 60,800 SF
    • 4.95 lot acres
    OFF-MARKET
    Last Sale
    May 29, 2020
    $2,191,493
    Value Estimations
    $2,210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1024242
    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

    • Rise Baking Company / Food Manufacturer

    Property Details for 3701 Concord Rd

    Year built
    1994
    Lot size
    4.95 lot acres
    Property size
    60,800 SF
    Zone code
    B-I
    Property type
    Flex space
    APN
    46-000-KJ-0077.K0-00000
    APU
    46000KJ0077K000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,300,000
      ML approach
      $2,730,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,934,000
      Market price range: $471k - $1.93M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,855,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.6529
    Latitude
    39.9937
    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
    $75,508
    $393,560
    $2,175,600
    $2,569,160
    -
    $393,560
    $2,175,600
    $2,569,160

    Comparable in this City

    • Value Estimation
      $925,000
      264,318 SF

      138 Mt Zion Rd

      LIGHT INDUSTRIAL • 264,318 SF
      138 Mt Zion Rd, York, PA 17402-8985
      View Details
    • Value Estimation
      $1,360,000
      52,601 SF

      3330 Concord Rd

      LIGHT INDUSTRIAL • 52,601 SF
      3330 Concord Rd, York, PA 17402-9087
      View Details
    • Value Estimation
      $765,000
      12,240 SF

      296 Pleasant Acres Rd

      LIGHT INDUSTRIAL • 12,240 SF
      296 Pleasant Acres Rd, York, PA 17402
      View Details
    • Value Estimation
      $290,000
      5,000 SF

      3460 Industrial Hwy

      LIGHT INDUSTRIAL • 5,000 SF
      3460 Industrial Hwy, York, PA 17402-9050
      View Details
    • Value Estimation
      $630,000
      26,300 SF

      245 Campbell Rd

      LIGHT INDUSTRIAL • 26,300 SF
      245 Campbell Rd, York, PA 17402-8635
      View Details
    • Value Estimation
      $380,000
      13,400 SF

      160 Crossway Dr

      LIGHT INDUSTRIAL • 13,400 SF
      160 Crossway Dr, York, PA 17402-4701
      View Details

    Similar Nearby for Sale

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      252,943 SF

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      252,943 SF industrial property with extensive loading docks and parking.
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      8,790 SF

      Industrial Property with Cross-Dock Configuration

      8,790 SF industrial property on 1.36 acres for sale.
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    • $2,900,000
      13.79 Acres

      Prime York, PA Commercial Land

      13.79 Acres, C-I Zoning, High Visibility
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    • $499,000
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      York County Commercial Land Opportunity

      1.31-acre commercial lot, high traffic area.
      2410 Cape Horn Rd, York, PA 17402
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    • Contact for pricing

      Prime Pad Site in York

      Two-acre pad site with high visibility and accessibility.
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      York Township Land Opportunity

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    Similar Nearby for Lease

    • $7 SF/Yr
      10,950 SF

      York Flex Space For Rent

      Industrial space with loading docks and drive-in doors available.
      75 Acco Dr, York, PA 17402
      View Details
    • $130 SF/Yr
      860 SF

      Retail Space on Market Street

      Highly visible retail space with easy highway access.
      2331 E Market St, York, PA 17402
      View Details
    • $5 SF/Yr
      160,419 SF

      East York Industrial Space For Lease

      Versatile industrial/retail space, multiple units available.
      4075 Market St, East York, PA 17402
      View Details
    • $7 SF/Yr
      57,980 SF

      Warehouse Space off RT 30

      17,000 SF warehouse space with garage door and shared dock.
      1001 Loucks Mill Rd, York, PA 17402
      View Details
    • $6 SF/Yr
      4,898 SF

      East York Office Space Available

      Modern office suites, flexible leases
      2575 Eastern Blvd, East York, PA 17402
      View Details
    • Contact for pricing
      9,856 SF

      York County Retail Space For Lease

      Prime York location, 3,726 sq ft available.
      2290 Industrial Hwy, East York, PA 17402
      View Details
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    3701 Concord Rd
    York, PA 17402-9101
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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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