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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1320 Manheim Pike Lancaster, PA 17601

    • Outlet malls
    • 38,256 SF
    • 3.30 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    $1,255,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1549924
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Essis & Sons Carpet One Floor & Home / Tile Store / Window Treatment Store
    • Swartz Kitchens & Baths / Home Improvement Store / Cabinet Store
    • Suk Shuglie Gallery / Art Gallery

    Property Details for 1320 Manheim Pike

    Year built
    1993
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.30 lot acres
    Property size
    38,256 SF
    Zone code
    C3
    Property type
    Outlet malls
    APN
    339-65206-0-0000
    APU
    3396520600000

    Description

    This exceptional 11,000 square foot retail space is ideally situated at 1320 Manheim Pike in Lancaster, Pennsylvania, zip code 17601. The property boasts a prominent end-cap location offering unparalleled visibility and accessibility. Zoned C-3 Commercial Regional, this single-tenant building presents a unique opportunity for businesses seeking a substantial presence in a high-traffic area. The entire 11,000 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. Its strategic location just off Route 30 and minutes from Interstate 283 and Downtown Lancaster ensures excellent exposure to a large customer base. The property's size and location make it suitable for a wide range of retail businesses seeking a significant footprint in a thriving commercial district. This is a rare opportunity to secure a substantial, highly visible retail space in a prime Lancaster location. The property is ready for immediate occupancy. Contact us today to learn more about this exceptional leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,050,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,464,000
      Market price range: $1.46M - $3.81M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.3274
    Latitude
    40.0652
    CBSA code
    29540
    CBSA name
    LANCASTER, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $75,467
    $438,000
    $1,469,200
    $1,907,200
    -
    $438,000
    $1,469,200
    $1,907,200

    Comparable in this City

    • Value Estimation
      $505,000
      14,006 SF

      401 Juliette Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 14,006 SF
      401 Juliette Ave, Lancaster, PA 17601-4357
      View Details
    • Value Estimation
      $645,000
      16,934 SF

      1520 Commerce Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 16,934 SF
      1520 Commerce Dr, Lancaster, PA 17601-2749
      View Details
    • Value Estimation
      $1,360,000
      36,040 SF

      1271 Manheim Pike

      WHOLESALE OUTLET, DISCOUNT STORE • 36,040 SF
      1271 Manheim Pike, Lancaster, PA 17601-3121
      View Details
    • Value Estimation
      $1,970,000
      149,839 SF

      834 Plz Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 149,839 SF
      834 Plz Blvd, Lancaster, PA 17601-2738
      View Details
    • Value Estimation
      $1,610,000
      142,463 SF

      1875 Hempstead Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 142,463 SF
      1875 Hempstead Rd, Lancaster, PA 17601-5671
      View Details
    • Value Estimation
      $520,000
      12,540 SF

      610 Delp Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 12,540 SF
      610 Delp Rd, Lancaster, PA 17601-3035
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      202,790 SF

      Lancaster Neighborhood Shopping Center

      202,790 SF shopping center anchored by LA Fitness, Marshalls, Staples.
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      View Details
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      Lancaster County Restaurant Liquor License

      Restaurant liquor license transferable within Lancaster County, Pennsylvania.
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      Retail Space on Fruitville Pike

      Retail space with dedicated entrance and shared parking.
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    • $400,000
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      Lancaster Restaurant Business For Sale

      Turn-key pub-style restaurant with indoor and outdoor seating in high-traffic area.
      2347 103, Lancaster, PA 17601
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      Turnkey Car Wash Business Opportunity

      Established car wash business with modern facilities on high-visibility lot.
      320 Granite Run Dr, Lancaster, PA 17601
      View Details
    • $300,000

      Lancaster County Liquor License

      Liquor license for sale in Lancaster County, Pennsylvania.
      Pa Liquor License, Lancaster, PA 17601
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
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      Retail Space in Chelsea Square

      Retail space available in Lancaster's Chelsea Square shopping center.
      1603-1647 Manheim Pike, Lancaster, PA 17601
      View Details
    • Contact for pricing
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      Retail space available in a busy Lancaster shopping center.
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      View Details
    • $22 SF/Yr
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      Retail Center on Oregon Pike

      22,117 SF retail center with high traffic and demographics.
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      View Details
    • Contact for pricing
      1,627 SF

      Retail Center on Fruitville Pike

      High-visibility retail spaces available in Manheim Township, Lancaster.
      1347 Fruitville Pike, Lancaster, PA 17601
      View Details
    • $8,057 /Mo
      344,124 SF

      Bloomfield Village Retail Space Available

      Retail space for lease in a busy Lancaster shopping center.
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    • Contact for pricing
      2,387 SF

      Lancaster Retail Space For Rent

      Retail space available within Lancaster Shopping Center.
      1625 Lititz Pike, Lancaster, PA 17601
      View Details
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    Lancaster, PA 17601
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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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