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Property profile & analytics
OFF-MARKET
Estimated value
$5,885,000
Office Spaces
135 Shellyland Rd Manheim, PA 17545-8683
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-4867484
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1979
Total area
31,330 SF
Lot
6 ac (261,360 SF)
APN
540-64339-0-0000
UPID
US73-4867484
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.99M
Comparable Approach
Comparable
$7.82M
Blend (final)
Blend
$5.89M
Owner & transaction history
Keystone Chapter Associated Builder · 8 yrs held
Keystone Chapter Associated Builder
since 2018
3 recorded transactions
Zoning & alternative use
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 Manheim submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manheim 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,485,000
6.5%
$5,985,000
7%
$5,560,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,650,000
Current use
RESTAURANT
$6,350,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$6,310,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$5.89M
Range $5.30M – $6.47M · ±10%
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
$188 / 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
$57,754
Tax year 2024
Assessed value
$2,789,400
Assessed 2024
Previous assessed
$2,789,400
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$225,500
Assessed improvement
$2,563,900
Land market value
$225,500
Improvement market value
$2,563,900
Total market value
$2,789,400
Applied tax rate
540.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1979
Heating
YES
Cooling
YES
Stories
1
Total area
31,330 SF
Lot
6 ac (261,360 SF)
APN
540-64339-0-0000
UPID
US73-4867484
Jurisdiction
LANCASTER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.7M
RESTAURANT
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$6.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
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
1979
Heating
YES
Cooling
Yes
Stories
1
Lot
6 ac
Current owner
From public records · entity-resolved
Keystone Chapter Associated Builder
Individual
Mailing address
135 SHELLYLAND RD, MANHEIM, PA 17545-8683
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Mar 13, 2018
—
Keystone Chapter Associated Builder
Keystone Chapter Associated Builder
Intrafamily Transfer
related
$2,700,000 · Union Community Bank
Nov 6, 2014
—
Keystone Chapter Associated Bl
—
Loan Modification
related
$3,700,000 · National Penn Bk
Jun 26, 2014
—
Keystone Chapter Associated Bl
—
Grant Deed
related
$3,700,000 · National Penn Bk
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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