Industrial Property with Billboard
1245 Manheim Pike, Lancaster, PA 17601
For Sale
Contact for pricing
An industrial asset combines a long-term credit tenant with supplemental billboard income.
Property Size60,775 SF
Lot Size5.40 Acres
Price / SF$114.77
Days on Market8
Property Features for 1245 Manheim Pike
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Tenant in Place
Property Use
Building Details
Building Size
Listing Agency:
U.S. Commercial Realty
Listed By:
Tom McDermott · License PA AB050727L
(717) 735-6000
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 10 at 7:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of U.S. Commercial Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property encompasses approximately 60,775 SF on 5.40 acres. A long-term credit tenant occupies the property, and billboard income provides an additional revenue source. The site is zoned CM – Central Manufacturing and is located at 1245 Manheim Pike in Lancaster, Pennsylvania.
Key Highlights
- Approximately 60,775 SF on 5.40 acres
- Long‑term credit tenant
- Additional income from billboard advertising
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$338,479
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,769,580
$6.8M
Cap Rate 7%
$4,835,414
$4.8M
Cap Rate 9%
$3,760,878
$3.8M
Market Conditions
NOI Build-Up for 60,775 SF
Gross rent
$523.9K $8.62/SF
− Vacancy
−$40.3K −$0.66/SF
EGI
$483.5K $7.96/SF
− OpEx
−$145.1K −$2.39/SF
NOI
$338.5K $5.57/SF
Area
Lancaster County, PA
Vacancy
7.70%
Lease Rate
$8.62 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,769,580
Cap Rate 7%
$4,835,414
Cap Rate 9%
$3,760,878
Alternative Uses
Best Use
Industrial
$4.84M
$4.23M – $5.64M
NOI $338,479 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.37M
$17.82M – $23.76M
NOI $1,425,624 @ 7.0% cap · market cap 20.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
736
Businesses Nearby
Explore this area
Business Placement
Demographics for 17601, PA
55,710
Population
23,126
Households
2.4
Avg Household Size
43
Median Age
48%
College-Educated
94%
High-School Grad
33.5 sq mi
ZIP Area
1,663
Density / Sq Mi
$96,433
Median Household Income
$50,358
Median Earnings
$1,477
Median Rent
$324,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Industrial properties in Lancaster County, PA
Properties on Market for Industrial properties in Lancaster County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Industrial property - An industrial asset combines a long-term credit tenant with supplemental billboard income.
Where is this industrial property located?
The property is located at 1245 Manheim Pike Lancaster, PA.
What is the asking price?
The asking price for this property is $6,975,000.
What are key features of this property?
This property features: Approximately 60,775 SF on 5.40 acres; Long‑term credit tenant; Additional income from billboard advertising
