Versatile Industrial Property in
199 W Stiegel St, Manheim, PA 17545
For Sale
$2,349,000
24,537 SF industrial property on 1.81 acres for sale.
Property Size24,537 SF
Lot Size1.81 Acres
Price / SF$95.73
Days on Market286
Property Features for 199 W Stiegel St
General Information
Standard status
Size
Lot size
Listing Agency:
Bennett Williams Realty, Inc.
(717) 843-5555
Listed By:
Joshua Miller · License #PA RS365967
(717) 383-6647
Source:
Exprealty
Added: Jan 26
Changed: Aug 8
Last Checked: Jun 10 at 2:52PM
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 Bennett Williams Realty, Inc.
Ask AI about this property
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 features four buildings, including three industrial buildings and one two-story office building, totaling 24,537 square feet on a 1.81-acre site. The property includes 7 dock-high doors and 3 drive-in doors. The largest building offers approximately 14,000 square feet of warehouse space, providing flexibility for an owner to occupy a portion or all of the space for their business while leasing the remainder, or to lease the entire building as an income-producing investment. The two remaining industrial/auto garages are currently leased with flexible terms, allowing for conversion to NNN leases, rent increases, or the option for an owner to occupy the space for their own business use. The 2,472-square-foot office building is currently owner-occupied but will be vacated before settlement. Building 1 is a 14,000-square-foot industrial/warehouse. Building 2 is approximately 4,800 square feet and is also an industrial/warehouse. Building 3 is a 5,150-square-foot metal-panel industrial building, currently utilized as an automotive repair garage, and a 400-square-foot storage garage. Building 4 is a 2,472-square-foot, two-story office building. With level street-grade access, ample parking, and strong road frontage in Manheim, PA, this property is well-suited for a variety of auto, industrial, warehouse, or manufacturing uses. The combination of owner-occupied and income-generating tenant spaces makes it an attractive option for investors and business owners.
Key Highlights
- Versatile industrial property with four buildings totaling 24,537 square feet on 1.81 acres.
- Largest building (+/- 14,000 sq ft warehouse) offers flexibility for owner‑occupancy and/or leasing for income.
- Features 7 dock‑high doors and 3 drive‑in doors, enhancing logistical capabilities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,939
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,318,780
$3.3M
Cap Rate 7%
$2,370,557
$2.4M
Cap Rate 9%
$1,843,767
$1.8M
Market Conditions
NOI Build-Up for 24,537 SF
Gross rent
$211.5K $8.62/SF
− Vacancy
−$16.3K −$0.66/SF
EGI
$195.2K $7.96/SF
− OpEx
−$29.3K −$1.19/SF
NOI
$165.9K $6.76/SF
Area
Lancaster County, PA
Vacancy
7.70%
Lease Rate
$8.62 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,318,780
Cap Rate 7%
$2,370,557
Cap Rate 9%
$1,843,767
Alternative Uses
Best Use
Retail
$4.13M
$3.61M – $4.81M
NOI $288,761 @ 7.0% cap · market cap 12.29%
Second Best
Warehouse
$2.37M
$2.07M – $2.77M
NOI $165,939 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$8.22M
$7.19M – $9.59M
NOI $575,574 @ 7.0% cap · market cap 24.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17545, PA
22,718
Population
9,382
Households
2.4
Avg Household Size
42
Median Age
30%
College-Educated
90%
High-School Grad
69.8 sq mi
ZIP Area
325
Density / Sq Mi
$87,589
Median Household Income
$47,755
Median Earnings
$1,325
Median Rent
$271,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Flex space in Lancaster County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Rettew's Catering — 309 S Main St, Manheim, PA 17545
- Twisted Sisters Ice Cream and Handmade Chocolates Manheim — 47 N Main St, Manheim, PA 17545
Frequently Asked Questions
What type of property is this?
Flex space - 24,537 SF industrial property on 1.81 acres for sale.
Where is this flex space located?
The property is located at 199 W Stiegel St Manheim, PA.
What is the asking price?
The asking price for this property is $2,349,000.
What are key features of this property?
This property features: Versatile industrial property with four buildings totaling 24,537 square feet on 1.81 acres.; Largest building (+/- 14,000 sq ft warehouse) offers flexibility for owner‑occupancy and/or leasing for income.; Features **7 dock‑high doors and 3 drive‑in doors**, enhancing logistical capabilities.
