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    Industrial Flex Warehouse with Showroom Title is generated by Realmo AI

    885895 S Chiques Road, Manheim, PA 17545

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    For Sale
    $4,600,000

    Multi-use industrial flex building with showroom, offices, warehouse space, and drive-in access for owner-users or investors.

    Type:Commercial
    Property size:
    30,000 SF
    Lot size:
    9.30 Acres
    Price / SF:
    $153/SF
    Added:
    Feb 5, 2026
    Days on Market:
    120
    Last Refresh:
    Jun 5 at 2:10 am

    Property Features for 885895 S Chiques Road

    General Information

    Standard status
    Active
    Size
    30,000 SF
    Lot size
    9.30 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    R. Ashley Brunner

    Listing agent R. Ashley Brunner

    Listing office LPT Realty,LLC

    Listing date Feb 5, 2026

    Source Deepcreeklake

    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 LPT Realty,LLC

    HighLights

    • 9.3‑acre industrial flex property in Rapho Township just off Route 283, with 30,000+ SF of flexible commercial space.
    • 1988‑built building configured for professional offices, showroom, and warehouse/industrial uses with multiple office suites.
    • Three drive‑in doors plus 53 total parking spaces, including truck and trailer accommodations.
    • Utilities include geothermal and electric heating, private well water, and on‑site septic; natural gas and cable are supported.
    • Includes an outdoor pool and bathhouse, plus an elevator for accessibility.
    • Zoned Industrial; some spaces currently leased on a month‑to‑month basis.

    Overview

    This industrial flex property sits on 9.3 acres and totals over 30,000 square feet across two levels. The building is arranged to support a mix of professional office use and warehouse or industrial operations, with a spacious showroom, multiple office suites, and warehouse capabilities. Three drive-in doors support loading and distribution, and the site includes 53 parking spaces with truck and trailer accommodations. Some spaces are currently leased on a month-to-month basis, including a financial advisor, a piano sales business, and a music lesson studio, offering flexibility for an owner-operator or buyer planning to reconfigure.

    The facility is positioned in Rapho Township just off Route 283 in Manheim, PA. It includes an outdoor pool and bathhouse, along with geothermal and electric heating, a private well for water, on-site septic, and an elevator for accessibility. The warehouse section is built with durable metal siding and rubber roofing, while the block section has asphalt shingles.

    Zoned Industrial, the property is supported by utilities including natural gas and cable, helping it accommodate a range of industrial and office-based tenants. With its functional mix of showroom, office, and warehouse space, it can suit owner-users looking for a combined workplace and distribution layout, as well as investors considering a flexible portfolio entry with current month-to-month tenancy.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Hotel & Motel Pharmacy Department Store Food Market Accounting Firm Electrical Service Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Manheim
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.498308
    Latitude
    40.191974

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    FAQs

    What type of property is this?
    Flex space - Multi-use industrial flex building with showroom, offices, warehouse space, and drive-in access for owner-users or investors.
    Where is this flex space located?
    The property is located at 885895 S Chiques Road Manheim, PA.
    What is the asking price?
    The asking price for this property is $4,600,000.
    What are key features of this property?
    This property features: 9.3‑acre industrial flex property in Rapho Township just off Route 283, with 30,000+ SF of flexible commercial space.; 1988‑built building configured for professional offices, showroom, and warehouse/industrial uses with multiple office suites.; Three drive‑in doors plus 53 total parking spaces, including truck and trailer accommodations.
    We can help!
    Listing Contact
    R. Ashley Brunner
    Learn More
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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.

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