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Property profile & analytics
OFF-MARKET
Estimated value
$5,965,000
Automotive properties
1373 Manheim Pike Lancaster, PA 17601-3143
Entity Owned
~
Est. High Equity
Property ID
US73-3416018
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1961
Construction
FRAME
Total area
49,675 SF
Lot
8.07 ac (351,529 SF)
APN
390-61862-0-0000
UPID
US73-3416018
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
-
Autohaus Lancaster, Inc. Auto Repair Shop
-
Autohaus Lancaster, Inc. Volkswagen Car Dealership
-
Audi Lancaster Car Dealership
-
Volkswagen Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.14M
Blend (final)
Blend
$5.97M
Owner & transaction history
Wanner Realty Company LP
Wanner Realty Company LP
since 2026
7 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,620,000
Current use
WAREHOUSE, STORAGE
$6,735,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$5.97M
Range $5.37M – $6.56M · ±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
$120 / 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
$123,402
Tax year 2024
Assessed value
$5,703,200
Assessed 2024
Previous assessed
$5,703,200
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$1,805,500
Assessed improvement
$3,897,700
Land market value
$1,805,500
Improvement market value
$3,897,700
Total market value
$5,703,200
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1961
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
49,675 SF
Lot
8.07 ac (351,529 SF)
APN
390-61862-0-0000
UPID
US73-3416018
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
AUTO REPAIR, GARAGE Current
Est. value
$7.6M
WAREHOUSE, STORAGE
Est. value
$6.7M
AUTO REPAIR, GARAGE Current
WAREHOUSE, STORAGE
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
1961
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
8.07 ac
Current owner
From public records · entity-resolved
Wanner Realty Company LP
Entity
Mailing address
1373 MANHEIM PIKE, LANCASTER, PA 17601-3143
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Jan 28, 2026
—
Wanner Realty Company LP
Wanner Realty Company LP
Deed
related
—
Jan 13, 2026
—
Wanner Realty Company LP
—
Deed
related
$2,308,865 · Fulton Bank NA
Dec 29, 2011
—
Wanner Realty Co LP
—
Deed Of Trust
related
$4,600,000 · Fulton Bank
Nov 24, 2010
—
Wanner Realty Co LP
Wanner Realty Co LP
Quit Claim Deed
related
$3,000,000 · Fulton Bank
Oct 26, 2004
—
Wanner Realty Co
—
Deed Of Trust
related
$2,100,000 · Fulton Bank
—
—
Wanner Realty Co LP
—
Deed Of Trust
related
$987,433 · Fulton Bank
—
—
Wanner Realty Co
—
Deed Of Trust
related
$9,202 · Herbert W Wanner
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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