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    Strickler Rd & Mt Joy Rd Manheim, PA 17552
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    Strickler Rd & Mt Joy Rd, Manheim, PA 17552

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    • Land
    • 8.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Strickler Rd & Mt Joy Rd

    Lot size
    8.70 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 8.7-acre property, located at the intersection of Strickler Road and Mount Joy Road in Manheim, Pennsylvania (Lancaster County, zip code 17552), presents a unique investment opportunity. Currently zoned A - Agricultural, the property is ideally suited for redevelopment. The property's location offers significant potential for rezoning, with strong anticipation of approval for Highway Commercial (HC) zoning on a portion of the land, and alternatively, Mixed Use (R-2) Residential zoning on the southwest tract and Industrial (IND) zoning on the southeast tract by Rapho Township. The property's multifamily designation, combined with its substantial acreage and prime location, makes it an attractive prospect for developers seeking to capitalize on the area's growth. The Assessed Parcel Number (APN) is 540-55081-0-0000. Offers should reflect the anticipated rezoning process. This is a truly unique opportunity to acquire a large parcel of land with significant development potential in a desirable location. The property is classified as Multifamily, Land with subtypes including Agricultural, Industrial, and Apartment Building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Manheim
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.477
    Latitude
    40.1235

    Comparable in this City

    • Value Estimation by Request
      19.70 Acres

      3860 Old Harrisburg Pike

      Farms
      3860 Old Harrisburg Pike, Mount Joy, PA 17552
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      84.00 Acres

      Snyder Rd

      Farms
      0 Snyder Rd, Mount Joy, PA 17552
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    • Value Estimation
      $1,400,000
      11,623 SF

      Primrose Ln

      APARTMENT HOUSE (UNDER 5 UNITS)
      Primrose Ln, Mount Joy, PA 17552
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      1.60 Acres

      610 Main St

      Land
      610 Main St, Mount Joy, PA 17552
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    • Value Estimation by Request
      0.34 Acres

      143 Cherry Aly

      MOBILE HOME PARK, TRAILER PARK
      143 Cherry Aly, Mount Joy, PA 17552-2004
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      3.00 Acres

      Vinegar Fry Rd

      GRAIN ELEVATOR
      Vinegar Fry Rd, Mount Joy, PA 17552
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    Similar Nearby for Sale

    • $7,200,000
      84.00 Acres

      84 Acres Mount Joy Development Land

      Prime Agricultural Land, Development Potential
      0 Snyder Rd, Mount Joy, PA 17552
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      Pending

      Mount Joy Multifamily Investment Opportunity

      Nine-unit property in Mount Joy with significant upside potential.
      101 W Main St, Mount Joy, PA 17552
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      Land Available For Sale

      Land available with potential for rezoning.
      1578 Emerson Dr, Mount Joy, PA 17552
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      Pending

      Mixed-Use Property with Rental Income

      12,300 SF mixed-use building with commercial and residential units.
      726 W Main St, Mount Joy, PA 17552
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      19.7 Acres of Farmland

      19.7 acres of farmland in Lancaster County for sale.
      3860 Old Harrisburg Pike, Mount Joy, PA 17552
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    • $400,000
      0.88 Acres

      Approved Land for Townhouse Development

      Shovel-ready land with full approval for nine townhouse units.
      400 E Main St, Mount Joy, PA 17552
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    Similar Nearby for Lease

    • Contact for pricing
      249,706 SF

      Industrial Warehouses with Dock Doors

      Two industrial warehouses featuring rear loading and dock doors.
      1240 Strickler Rd, Mount Joy, PA 17552
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    • Contact for pricing
      468,474 SF

      New Industrial Warehouses in Central PA

      Two industrial warehouses with convenient access to major transportation routes.
      1240 Strickler Rd, Mount Joy, PA 17552
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    • Contact for pricing

      New Retail Space Available

      New construction retail space near Spooky Nook Sports complex.
      1580 Strickler Rd, Mount Joy, PA 17552
      View Details
    • Contact for pricing
      4,000 SF

      Retail Spaces Available For Lease

      Retail spaces ranging from 3,990 to 28,200 SF available.
      W Main St & Cloverleaf Rd, Mount Joy, PA 17552
      View Details
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    Strickler Rd & Mt Joy Rd
    Manheim, PA 17552
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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.

    More about this property
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    Strickler Rd & Mt Joy Rd, Manheim, PA, 17552
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