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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Turn key restaurants
190 Doe Run Rd Manheim, PA 17545-9322
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-5736841
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1967
Construction
FRAME
Total area
5,430 SF
Lot
2 ac (87,120 SF)
Zoning code
CC
APN
500-00498-0-0000
UPID
US73-5736841
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
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.10M
Owner & transaction history
Merbet Properties LLC · 2 yrs held
Merbet Properties LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
CC · Manheim, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+20.5%
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 Manheim submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manheim 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
$1,100,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,100,000
Current use
COMMERCIAL (GENERAL)
$1,325,000
Change: +21% · Conversion: Easy
MEDICAL BUILDING
$1,095,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$905,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.10M (Apr 25 2024)
Last sale anchor
$1.10M
Apr 25 2024
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
$203 / 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
Applied tax rate
500.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1967
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
5,430 SF
Lot
2 ac (87,120 SF)
Zoning code
CC
APN
500-00498-0-0000
UPID
US73-5736841
Jurisdiction
LANCASTER
Zoning & alternative use
CC · Manheim, PA
Zoning CC · permitted uses
CC · Manheim, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manheim. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$905,000
RESTAURANT Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1967
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
2 ac
Current owner
From public records · entity-resolved
Merbet Properties LLC
Entity
Mailing address
5799 ELIZABETHTOWN RD, MANHEIM, PA 17545-8379
Ownership since
2024
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
Mar 13, 2026
—
Merbet Properties LLC
—
Deed
related
$250,000 · Edc Finance Corp
Feb 19, 2026
—
Merbet Properties LLC
—
Deed
related
$300,000 · Bank Of Bird In Hand
Mar 11, 2025
—
Merbet Properries LLC
—
Deed
related
$2,036,600 · Bank Of Bird In Hand
Apr 25, 2024
$1,100,000
Merbet Properties LLC
Dogleg Holdings LLC
Deed
$1,083,000 · Bank Of Bird In Hand
Jan 19, 2022
—
Dogleg Holdings LLC
—
Deed
related
$40,000 · Linkbank
Apr 26, 2021
$920,000
Dogleg Holdings LLC
Mark P Will
Deed
$736,000 · Linkbank
Oct 15, 2003
$550,000
Mark P Will
Yeager,william F & Kathy A
Grant Deed
related
$252,000 · Union National Community 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.
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