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Property profile & analytics
OFF-MARKET
Estimated value
$46,380,000
Warehouses
1500 Bartlett Dr Manchester, PA 17345
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US73-3866039
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2012
Total area
496,062 SF
Lot
45.6 ac (1,986,336 SF)
Zoning code
I
APN
26-000-MH-0002.K0-00000
UPID
US73-3866039
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
$54.07M
Comparable Approach
Comparable
$55.17M
Blend (final)
Blend
$46.38M
Owner & transaction history
Kinsley Equities III LP · 14 yrs held
Kinsley Equities III LP
since 2012
3 recorded transactions
Zoning & alternative use
I · Manchester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$59.1M
+33.1%
Medical building
$54.6M
+23.0%
Auto repair, garage
$50.8M
+14.6%
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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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%
$58,580,000
6.5%
$54,070,000
7%
$50,210,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$44,365,000
Current use
RESTAURANT
$59,050,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$54,570,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$50,820,000
Change: +15% · Conversion: Easy
COMMERCIAL (GENERAL)
$41,615,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$40,425,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$37,880,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$46.38M
Range $41.74M – $51.02M · ±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
$93 / 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
$545,239
Tax year 2024
Assessed value
$15,645,320
Assessed 2024
Previous assessed
$15,645,320
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$1,432,690
Assessed improvement
$14,212,630
Land market value
$1,432,690
Improvement market value
$14,212,630
Total market value
$15,645,320
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2012
Heating
YES
Cooling
NONE
Total area
496,062 SF
Lot
45.6 ac (1,986,336 SF)
Zoning code
I
APN
26-000-MH-0002.K0-00000
UPID
US73-3866039
Jurisdiction
YORK
Zoning & alternative use
I · Manchester, PAZoning I · permitted uses
I · Manchester, PA
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
WAREHOUSE, STORAGE Current
Est. value
$44.4M
RESTAURANT
Est. value
$59.1M
MEDICAL BUILDING
Est. value
$54.6M
AUTO REPAIR, GARAGE
Est. value
$50.8M
COMMERCIAL (GENERAL)
Est. value
$41.6M
OFFICE BUILDING
Est. value
$40.4M
RETAIL STORES
Est. value
$37.9M
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2012
Heating
YES
Cooling
Yes
Lot
45.6 ac
Current owner
From public records · entity-resolved
Kinsley Equities III LP
Entity
Mailing address
6259 REYNOLDS ML RD, SEVEN VALLEYS, PA 17360-8844
Ownership since
2012
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
Dec 22, 2023
—
Kinsley Equities III LP
—
Deed
related
$50,000,000 · M & T Bank
Jan 20, 2021
—
Kinsley Equites III LP
—
Deed
related
$30,000,000 · M & T Bank
Jun 8, 2012
$1,278,703
Kinsley Equities III LP
Kinsley Equities II Limited Partner
Warranty Deed
$7,000,000 · Manufacturers & Traders Trust Co
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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