Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1711 Lebanon Rd Manheim, PA 17545-9468
    Back to Search
    Property profile & analytics

    1711 Lebanon Rd, Manheim, PA 17545-9468

    View on Map
    • Turn key restaurants
    • 3,206 SF
    • 1.13 lot acres
    Off-Market
    Property ID
    US73-0788417
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1711 Lebanon Rd

    Year built
    1944
    Construction
    FRAME
    Lot size
    1.13 lot acres
    Zone code
    HC
    Property type
    Turn key restaurants
    APN
    500-31529-0-0000
    APU
    5003152900000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 19, 2025 — Gaspare Gelardi — Deed · related $664k · Orrstown Bank
    Dec 19, 2018 — Gaspare Gelardi — Deed · related $150k · The Ephrata National Bank
    May 25, 2018 — Gaspare Gelardi — Deed · related $165k · Branch Bk&tr
    Oct 5, 2011 $210,000 Gaspare Gelardi Fulton Bk Grant Deed $165k · Graystone Bank
    Apr 26, 2011 $3,835 Fulton Bk Sheriff Of Lancaster County Trustees Deed · related —
    Oct 8, 2004 — David A Groff JR. Groff,david A JR & Karen L Quit Claim Deed · related —
    Dec 10, 2003 $300,000 David A Groff Groff,david A & Betty J Grant Deed · related $100k · Fulton Bank
    — — David A Groff JR. — Deed Of Trust · related $65k · Fulton Bank
    — — Gelardi,gaspare — Deed Of Trust · related $10k · Graystone Bank
    — — David A Groff — Deed Of Trust · related $200k · Fulton Bank
    — — Gaspare Gelardi — Deed Of Trust · related $165k · Branch Bk&tr
    — — David A Groff JR. — Deed Of Trust · related $290k · David A & Betty J Groff

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Manheim
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.4187
    Latitude
    40.2066
    CBSA code
    29540
    CBSA name
    LANCASTER, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,339
    $139,300
    $220,700
    $360,000
    -
    $139,300
    $220,700
    $360,000

    Comparable in this City

    • Value Estimation by Request
      1,668 SF

      Main St

      RESTAURANT
      Main St, Manheim, PA 17545
      View Details
    • Value Estimation
      $1,100,000
      5,430 SF

      190 Doe Run Rd

      RESTAURANT
      190 Doe Run Rd, Manheim, PA 17545-9322
      View Details
    • Value Estimation by Request
      1,085 SF

      13 Logan Ave

      RESTAURANT
      13 Logan Ave, Manheim, PA 17545
      View Details
    • Value Estimation by Request
      3,286 SF

      665 Lancaster Rd

      RESTAURANT
      665 Lancaster Rd, Manheim, PA 17545-2210
      View Details
    • Value Estimation
      $1,035,000
      8,423 SF

      2201 Strickler Rd

      RESTAURANT
      2201 Strickler Rd, Manheim, PA 17545-8144
      View Details
    • Value Estimation
      $520,000
      1,760 SF

      3068 Lebanon Rd

      RESTAURANT
      3068 Lebanon Rd, Manheim, PA 17545-8775
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Flex Warehouse with Showroom

      Multi-use industrial flex building with showroom, offices, warehouse space, and drive-in access for owner-users or investors.
      885895 S Chiques Rd, Manheim, PA 17545
      View Details
    • $385,000
      3,100 SF

      Retail Space on Busy Corridor

      Retail space with high visibility and quick access to routes.
      1038 Lancaster Rd, Manheim, PA 17545
      View Details
    • Contact for pricing
      4.20 Acres

      Manheim Industrial Warehouse Lease

      New Construction, Flexible Space Available
      62 Doe Run Rd, Manheim, PA 17545
      View Details
    • Contact for pricing

      Manheim Auto Auction Parking

      Secure Parking Near Auction
      55 Doe Run Rd, Manheim, PA 17545
      View Details
    • Contact for pricing
      5,576 SF

      Mixed-Use Building on Market Square

      Well-positioned mixed-use building in downtown Manheim, Pennsylvania.
      15 Market Sq, Manheim, PA 17545
      View Details
    • $164,900
      2.70 Acres

      Land in Rural Manheim, PA

      2.7 acres of wooded land, build your dream home!
      Back Run Rd, Manheim, PA 17545
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Parking Spaces Available for Lease

      Parking spaces available near Manheim Auto Auction.
      55 Doe Run Rd, Manheim, PA 17545
      View Details
    • Contact for pricing

      New Retail Center in Manheim

      New retail shopping center centrally located in Manheim, Pennsylvania.
      1201 Lancaster Rd, Manheim, PA 17545
      View Details
    • Contact for pricing

      New Retail Center Near Route 283

      New retail center near Spooky Nook Sports and Tanger Outlets.
      1580 Strickler Rd, Mount Joy, PA 17545
      View Details
    • Contact for pricing
      3,435 SF

      New Retail Space Available

      New construction retail space near Spooky Nook Sports complex.
      1576 Strickler Rd, Manheim, PA 17545
      View Details
    • $5 SF/Yr

      Unsecured Storage Space Available

      Unsecured storage space in a secured warehouse in Manheim, PA.
      181 East Stiegel St, Manheim, PA 17545
      View Details
    • Contact for pricing
      2,055 SF

      Manheim Office Space For Rent

      Office suite available in Manheim with plentiful parking.
      1461 Lancaster Rd, Manheim, PA 17545
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1711 Lebanon Rd
    Manheim, PA 17545-9468
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1711 Lebanon Rd, Manheim, PA, 17545
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!