Back to Search
Property profile & analytics
FOR LEASE
Warehouses
165 Shady Ln Manchester, PA 17345
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1495113
For Lease
Contact for pricing
165 Shady Ln, Manchester, PA 17345
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Total area
3,690 SF
Lot
14 ac (609,840 SF)
Zoning code
I
APN
36-000-LH-0012.A0-00000
UPID
US73-1495113
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Apg Heritage 2 Opco LLC · 4 yrs held
Apg Heritage 2 Opco LLC
since 2022
7 recorded transactions
Zoning & alternative use
I · Manchester, PA
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$168,449
Tax year 2024
Assessed value
$5,658,350
Assessed 2024
Previous assessed
$5,658,350
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$453,020
Assessed improvement
$5,205,330
Land market value
$453,020
Improvement market value
$5,205,330
Total market value
$5,658,350
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
For Lease
Year built
2020
Heating
YES
Cooling
NONE
Stories
1
Rooms
14
Bathrooms
3
Total area
3,690 SF
Lot
14 ac (609,840 SF)
Zoning code
I
APN
36-000-LH-0012.A0-00000
UPID
US73-1495113
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
Building & site characteristics
From public records
Year built
2020
Heating
YES
Cooling
Yes
Stories
1
Rooms
14
Bathrooms
3
Lot
14 ac
Current owner
From public records · entity-resolved
Apg Heritage 2 Opco LLC
Entity
Mailing address
4423 N FRNT ST #203, HARRISBURG, PA 17110-1788
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2025
—
Apg Heritage 1 Opcp LLC
—
Deed
related
$100,000,000 · Wells Fargo Bank NA
Feb 17, 2022
—
Apg Heritage 2 Opco LLC
Ipt Heritage Logistics Center LLC
Special Warranty Deed
—
Feb 19, 2021
—
Ipt Heritage Logistics Center LLC
—
Deed
related
—
Mar 6, 2019
$264,625
Ipt Heritage Logistics Ctr LLC
Heritage Business Park LP
Grant Deed
—
Dec 7, 2017
—
Heritage Business Park LP
—
Grant Deed
related
$1,100,000 · Hilton Steven J Family Tr (pt)
—
—
Heritage Business Park LP
—
Deed Of Trust
related
$450,000 · Steven R Shoemate
—
—
Heritage Business Park LP
—
Deed Of Trust
related
$1,160,000 · Orrstown Bank
—
—
Heritage Business Park LP
—
Deed Of Trust
related
$146,570 · Orrstown 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
