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Property profile & analytics
OFF-MARKET
Estimated value
$3,555,000
Warehouses
1655 Manheim Pike Lancaster, PA 17601-3061
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US73-2759632
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,080 SF
Lot
5.6 ac (243,936 SF)
Zoning code
I-1
APN
390-99603-0-0000
UPID
US73-2759632
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
-
Center for Sports Dentistry Dental Office
-
Stowaway Storage Facility
-
Your Bath & Kitchen LLC Renovation Specialist General Contractor
-
Lancaster Veterinary Veterinary Clinic
-
Live-In Care of PA, Inc. Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.43M
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$3.56M
Owner & transaction history
Diversified Associates I
Diversified Associates I
since 2025
7 recorded transactions
Zoning & alternative use
I-1 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.6M
+13.2%
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%
$4,800,000
6.5%
$4,430,000
7%
$4,115,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,075,000
Current use
AUTO REPAIR, GARAGE
$4,615,000
Change: +13% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,445,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$3.56M
Range $3.20M – $3.91M · ±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
$118 / 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
$66,697
Tax year 2024
Assessed value
$3,082,500
Assessed 2024
Previous assessed
$3,082,500
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$604,900
Assessed improvement
$2,477,600
Land market value
$604,900
Improvement market value
$2,477,600
Total market value
$3,082,500
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
6
Stories
1
Total area
30,080 SF
Lot
5.6 ac (243,936 SF)
Zoning code
I-1
APN
390-99603-0-0000
UPID
US73-2759632
Jurisdiction
LANCASTER
Zoning & alternative use
I-1 · Lancaster, PA
Zoning I-1 · permitted uses
I-1 · Lancaster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$4.6M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Lot
5.6 ac
Current owner
From public records · entity-resolved
Diversified Associates I
Entity
Mailing address
1360 EISENHOWER BLVD STE #704, JOHNSTOWN, PA 15904-3341
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Oct 1, 2025
—
Diversified Associates I
—
Deed
related
$8,500,000 · First National Bank Of Pennsylvania
May 18, 2022
—
Diversified Associates I
—
Deed
related
$4,800,000 · Ameriserv Financial Bank
Sep 19, 2018
—
Diversified Associates
—
Deed
related
$4,800,000 · Ameriserv Financial Bank
—
—
Diversified Associates I
—
Deed Of Trust
related
$1,450,000 · Ameriserv Financial Bank
—
—
Diversified Associates I
—
Deed Of Trust
related
$3,000,000 · Ameriserv Financial Bank
—
—
Diversified Associates I
—
Deed Of Trust
related
$2,412,259 · Ameriserv Financial Bank
—
—
Diversified Associates I
—
Deed Of Trust
related
$1,358,279 · Ameriserv Financial 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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