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    Property profile & analytics

    99 Hokes Mill Rd York, PA 17404

    • Warehouses
    • 15,558 SF
    • 0.63 lot acres
    For Lease
    View listing
    $3 SF/Yr
    Value Estimations
    $380,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2344781
    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

    • Ronal Tool Inc / Machine Shop

    Property Details for 99 Hokes Mill Rd

    Year built
    1955
    Lot size
    0.63 lot acres
    Property size
    15,558 SF
    Zone code
    ID
    Property type
    Warehouses
    APN
    51-000-04-0374.00-00000
    APU
    510000403740000000

    Description

    This single-tenant industrial property, located at 99 Hokes Mill Road in York, Pennsylvania, offers 15,280 square feet of manufacturing space in a 1-story building constructed in 1955. The property sits on a 0.62-acre lot and is zoned Residential Zone (R5). The building features a ceiling height of 8 feet and includes two loading docks, making it ideal for efficient material handling. Power is provided by a 400A 220V system, suitable for various manufacturing operations. The building is fully air-conditioned, offering a comfortable work environment. Exterior features include paved parking on the north side and a gravel lot on Diamond and Andrew Streets. The property's convenient location offers easy access to Route 462, situated approximately 700 feet away. The property's APN is 67-51-000-04-0374-00-00000 and is located in York County. This former machine shop presents a unique opportunity for a variety of manufacturing businesses seeking a well-equipped space in a convenient location. The property's features, including ample power and loading docks, make it suitable for a range of industrial applications. The combination of its size, location, and amenities makes this property a compelling investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $516,000
      Market price range: $516k - $3.17M
      AI Estimate
      $345,000
      Market price range: $346k - $845k

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.7686
    Latitude
    39.951
    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
    $4,310
    $70,850
    $60,250
    $131,100
    -
    $70,850
    $60,250
    $131,100

    Comparable in this City

    • Value Estimation
      $215,000
      3,522 SF

      1412 Orange St

      WAREHOUSE, STORAGE • 3,522 SF
      1412 Orange St, York, PA 17404-3229
      View Details
    • Value Estimation
      $835,000
      312,000 SF

      515 Zarfoss Dr

      WAREHOUSE, STORAGE • 312,000 SF
      515 Zarfoss Dr, York, PA 17404-8753
      View Details
    • Value Estimation
      $290,000
      3,600 SF

      109 8th Ave

      WAREHOUSE, STORAGE • 3,600 SF
      109 8th Ave, York, PA 17404-2100
      View Details
    • Value Estimation
      $380,000
      2,390 SF

      915 Carlisle Rd

      MINI-WAREHOUSE, STORAGE • 2,390 SF
      915 Carlisle Rd, York, PA 17404-4929
      View Details
    • Value Estimation
      $310,000
      3,480 SF

      1832 Monroe St

      WAREHOUSE, STORAGE • 3,480 SF
      1832 Monroe St, York, PA 17404-5430
      View Details
    • Value Estimation
      $715,000
      42,600 SF

      50 4th Ave

      WAREHOUSE, STORAGE • 42,600 SF
      50 4th Ave, York, PA 17404-2507
      View Details

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      Well-Maintained Retail/Showroom with Fenced Yard

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      Warehouse Space Available For Lease

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    • $3 SF/Yr
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      York County Industrial Property

      15,280 SF Manufacturing Space, PA
      99 Hokes Mill Rd, York, PA 17404
      View Details
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    York, PA 17404
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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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