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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Commercial land
1061 Manheim Pike Lancaster, PA 17601-3117
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-1147717
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1950
Construction
WOOD FRAME
Total area
3,552 SF
Lot
1.4 ac (60,984 SF)
Zoning code
I-2
APN
390-46787-0-0000
UPID
US73-1147717
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lancaster Habitat for Humanity ReStore Big Box & Wholesale Store Building Supply
-
Lancaster Lebanon Habitat for Humanity Charitable Organization Social Service Agency
-
Mc Minn's Asphalt General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$899k
Blend (final)
Blend
$740k
Owner & transaction history
Mckinley Avenue Partners LLC · 6 yrs held
Mckinley Avenue Partners LLC
since 2020
Last sale
$600,000
3 recorded transactions
Zoning & alternative use
I-2 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$875,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $600k (Feb 4 2020)
Last sale anchor
$600k
Feb 4 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$208 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,301
Tax year 2024
Assessed value
$245,000
Assessed 2024
Previous assessed
$245,000
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$245,000
Land market value
$245,000
Total market value
$245,000
Applied tax rate
390.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1950
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
3,552 SF
Lot
1.4 ac (60,984 SF)
Zoning code
I-2
APN
390-46787-0-0000
UPID
US73-1147717
Jurisdiction
LANCASTER
Zoning & alternative use
I-2 · Lancaster, PAZoning I-2 · permitted uses
I-2 · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Mckinley Avenue Partners LLC
Entity
Mailing address
120 N POINTE BLVD STE #201, LANCASTER, PA 17601-4130
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2023
—
Mckinley Avenue Partners LLC
—
Deed
related
$800,000 · Mid Penn Bank
Jun 2, 2022
—
Mckinley Avenue Partners LLC
—
Deed
related
$4,700,000 · Mid Penn Bank
Feb 4, 2020
$600,000
Mckinley Avenue Partners LLC
Pennsy Supply INC
Deed
$1,000,000 · M & T Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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