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Property profile & analytics
OFF-MARKET
Estimated value
$4,210,000
Manufacturing properties
1062 Manheim Pike, Lancaster, PA 17601
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-5869350
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,043 SF
Lot
1 ac (43,560 SF)
Zoning code
I-2
APN
390-21667-0-0000
UPID
US73-5869350
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
-
Girls on the Run Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.21M
Owner & transaction history
Yes Lancaster LLC · 3 yrs held
Yes Lancaster LLC
since 2022
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
I-2 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.9M
+215.4%
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
$4,530,000
ML approach
$4,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,905,000
Change: +215% · Conversion: Difficult
Blend value · Realmo final
$4.21M
Range $3.79M – $4.63M · ±10% · vs last sale $3.72M (Aug 18 2022)
Last sale anchor
$3.72M
Aug 18 2022
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
$523 / 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
$10,485
Tax year 2024
Assessed value
$484,600
Assessed 2024
Previous assessed
$484,600
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$218,800
Assessed improvement
$265,800
Land market value
$218,800
Improvement market value
$265,800
Total market value
$484,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
8,043 SF
Lot
1 ac (43,560 SF)
Zoning code
I-2
APN
390-21667-0-0000
UPID
US73-5869350
Jurisdiction
LANCASTER
Zoning & alternative use
I-2 · Lancaster, PA
Zoning 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
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.9M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Yes Lancaster LLC
Entity
Mailing address
1116 MANHEIM PIKE, LANCASTER, PA 17601-3120
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2022
$3,715,000
Yes Lancaster LLC
Lefever Real Estate LLC
Deed
—
Aug 16, 2019
$2,250,000
Lefever Real Estate LLC
Middleton Real Estate LLC
Deed
$1,800,000 · First National Bank Of Pennsylvania
Dec 3, 2004
$856,500
Middleton Real Estate LLC
Tcsb Corp Of Lancaster County
Grant Deed
$680,000 · Waypoint Bank
—
—
T C S B Corp
—
Deed Of Trust
related
$60,596 · Fulton Bank
—
—
Middleton Real Estate LLC
—
Deed Of Trust
related
$850,000 · Sovereign Bank
—
—
Middleton Real Estate LLC
—
Deed Of Trust
related
$850,000 · Sovereign Bank
—
—
T C S B Corp
—
Deed Of Trust
related
$391,987 · Fulton 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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