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

    789 Flory Mill Rd Lancaster, PA 17601

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    5 +/- acre industrial land parcel near Route 283.

    Lot size:
    5.00 Acres

    Property Features for 789 Flory Mill Rd

    General Information

    Lot size
    5.00 Acres

    We can help!

    Listing Contact
    Brad Rohrbaugh
    Brad Rohrbaugh
    Source: Moodyscre

    Listing Agent: Brad Rohrbaugh

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lancaster Land Parcel For Sale

    The property at 789 Flory Mill Road, Lancaster, PA, consists of a 5 +/- acre parcel of land available for sale. This parcel is part of a larger property that is being subdivided to accommodate a newly developed hotel. Zoned for industrial use in Manheim Township, the site is suitable for commercial development. Its location offers convenient access to Route 283.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Car-Mic Truck Accessories Truck Accessories Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.351296
    Latitude
    40.080036

    Nearby Similar for Sale

    • $1,895,000
      5,500 SF

      Historic Townhouse with Commercial Space

      Historic Lancaster townhouse with commercial space and residential living.
      121-123 E King St, Lancaster, PA 17602
      View Details
    • $400,000
      3,863 SF

      Lancaster Restaurant Business For Sale

      Turn-key pub-style restaurant with indoor and outdoor seating in high-traffic area.
      2347 103, Lancaster, PA 17601
      View Details
    • $269,000
      1,789 SF

      Lancaster Two-Unit Brick Building

      Well-maintained, fully rented two-unit building in Lancaster, PA.
      153 N Broad St, Lancaster, PA 17602
      View Details
    • $125,000

      Lancaster Office Suite For Sale

      Well-appointed office suite in desirable Shippen Place community.
      231 N Shippen St, Lancaster, PA 17602
      View Details
    • $349,900
      1,200 SF

      Lancaster Rancher-Style Multi-Family Property

      Well-kept duplex on spacious lot, ideal for investment or living.
      619-621 Millersville Rd, Lancaster, PA 17603
      View Details
    • $339,000
      1,968 SF

      Lancaster Two-Unit Apartment Building

      Well-kept, fully occupied two-unit building near Lancaster County attractions.
      557 W Grant St, Lancaster, PA 17603
      View Details
    • New
      $425,000
      2,868 SF

      Renovated Lancaster City Multi-Unit Property

      Fully renovated 4-unit property in Lancaster City, turn-key investment.
      641 S Queen St, Lancaster, PA 17603
      View Details
    • $325,000
      2,286 SF

      Income-Producing Duplex in Lancaster, PA

      Well-maintained duplex with two tenant-occupied units and established rental history.
      349 E New St, Lancaster, PA 17602
      View Details
    • $565,000
      768 SF

      Lancaster Multifamily Investment Opportunity

      Well-maintained 5-unit apartment building generating $55,800 annually.
      215 W Vine St, Lancaster, PA 17603
      View Details
    • $320,000

      Established Turn-Key Business Opportunity

      Profitable gourmet food business in busy Lancaster market.
      23 Market St, Lancaster, PA 17603
      View Details
    • New
      $75,000

      Turn-Key Pizzeria in Lancaster City

      Established pizzeria for sale in Lancaster City with high visibility.
      701 N Queen St, Lancaster, PA 17603
      View Details
    • $335,000

      Well-Maintained Townhome in Langley Square

      Townhome with plank flooring, modern kitchen, and secluded deck.
      140 Langley Sq, Lancaster, PA 17603
      View Details

    FAQs

    What type of property is this?
    Land - 5 +/- acre industrial land parcel near Route 283.
    Where is this land located?
    The property is located at 789 Flory Mill Rd Lancaster, PA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - 5 +/- acre parcel of land; - Zoned industrial in Manheim Township; - Great site for commercial development
    (717) 843-5555
    Request Owner's contact information
    789 Flory Mill Rd Lancaster, PA 17601
    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.
    789 Flory Mill Rd
    Lancaster, PA 17601
    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
    789 Flory Mill Rd Lancaster, PA 17601
    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

    We can help!
    Listing Contact
    Brad Rohrbaugh
    Brad Rohrbaugh
    (717) 843-5555
    Learn more
    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.