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    Unsecured Warehouse Space for Lease Title is generated by Realmo AI

    181 E Stiegel St, Manheim, PA 17545

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    Unsecured warehouse space with heavy electric and multiple access points.

    Type:Office
    Added:
    May 21, 2024
    Days on Market:
    747
    Last Refresh:
    May 13 at 8:03 pm

    Property Features for 181 E Stiegel St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 181 E Stiegel St Contact us

    First Floor $10/Mo

    Size
    2,269 SF
    Type
    Office
    Clean, light and bright first floor office space in Manheim, Pa. Two space one of...
    show more
    Contact us

    We can help!

    Listing Contact
    Jeff Kurtz

    Listing agent Jeff Kurtz License #PA AB068667

    Listing office High Real Estate Group

    Listing date May 21, 2024

    Source Crexi

    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 High Real Estate Group

    HighLights

    • Heavy electric availability suitable for various operational needs.
    • Access to freight elevator, dock doors, and drive‑in doors for efficient loading and unloading.
    • Ample truck maneuvering space in parking areas and lifts in common areas inside the warehouse.
    • Gross lease structure with tenant paying a quarterly share of expenses (Electric, Gas, Trash, Security, Lawn Care, Snow Removal, Cleaning, and Supplies).
    • Flexibility to install fencing or other privacy/security features at tenant's expense.
    • Landlord willing to lease smaller sections of the available space.

    Overview

    This property offers clean, dry, unsecured storage space within a large, secured warehouse environment, shared among multiple tenants. Tenants have the option to install fencing or other security features at their own expense. Heavy electric capacity is available. The space is suitable for drop-and-go operations. It features access to a freight elevator, dock doors, drive-in doors, and ample truck maneuvering space in the parking areas, as well as lifts in the common interior areas. The gross lease structure requires tenants to pay a quarterly share of expenses, including electric, gas, trash, security, lawn care, snow removal, cleaning, and supplies. The landlord is open to leasing smaller sections of the available space to suitable tenants. The property is located at 181 E Stiegel St, Manheim, PA 17545.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Manheim Self Storage — 60 Doe Run Rd, Manheim, PA 17545
    • Moove In Self Storage — 28 Doe Run Rd, Manheim, PA 17545

    Location Insight

    • Map
    • Local Demand
    City
    Manheim
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.3875374
    Latitude
    40.1619799

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    FAQs

    What type of property is this?
    Warehouse - Unsecured warehouse space with heavy electric and multiple access points.
    Where is this warehouse located?
    The property is located at 181 E Stiegel St Manheim, PA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Heavy electric availability suitable for various operational needs.; Access to freight elevator, dock doors, and drive‑in doors for efficient loading and unloading.; Ample truck maneuvering space in parking areas and lifts in common areas inside the warehouse.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Kurtz
    Real Estate License ID: PA AB068667
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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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