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Property profile & analytics
OFF-MARKET
Estimated value
$7,165,000
Office Spaces
1976 Auction Rd Manheim, PA 17545-9159
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-0309193
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2000
Construction
STEEL FRAME
Total area
38,920 SF
Lot
43.4 ac (1,890,504 SF)
Zoning code
HC
APN
540-24000-0-0000
UPID
US73-0309193
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
$7.44M
Comparable Approach
Comparable
$9.42M
Blend (final)
Blend
$7.17M
Owner & transaction history
Z Team LP · 6 yrs held
Z Team LP
since 2019
7 recorded transactions
Zoning & alternative use
HC · Manheim, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,055,000
6.5%
$7,435,000
7%
$6,905,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,505,000
Current use
RESTAURANT
$7,885,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$7,840,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$7.17M
Range $6.45M – $7.88M · ±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
$184 / 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
$69,578
Tax year 2024
Assessed value
$3,360,500
Assessed 2024
Previous assessed
$3,360,500
+0.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$1,317,500
Assessed improvement
$2,043,000
Land market value
$1,317,500
Improvement market value
$2,043,000
Total market value
$3,360,500
Applied tax rate
540.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
38,920 SF
Lot
43.4 ac (1,890,504 SF)
Zoning code
HC
APN
540-24000-0-0000
UPID
US73-0309193
Jurisdiction
LANCASTER
Zoning & alternative use
HC · Manheim, PA
Zoning HC · permitted uses
HC · 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
COMMERCIAL (GENERAL) Current
Est. value
$9.5M
RESTAURANT
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
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
2000
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
43.4 ac
Current owner
From public records · entity-resolved
Z Team LP
Entity
Mailing address
1976 AUCTION RD, MANHEIM, PA 17545-9159
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Aug 2, 2019
—
Z Team LP
—
Loan Modification
related
$6,075,205 · Pnc Bk
Nov 5, 2018
—
Z Team LP
—
Loan Modification, Consolidation And Extension
related
$5,628,875 · Pnc Bk
May 12, 2010
—
Z Team LP
—
Deed Of Trust
related
$1,031,000 · Eloise E Zeamer
—
—
Z Team LP
—
Deed Of Trust
related
$2,730,000 · Pnc Bank
—
—
Z Team LP
—
Deed Of Trust
related
—
—
—
Z Team
—
Deed Of Trust
related
$3,100,000 · Integrity Bank
—
—
Z Team LP
—
Deed Of Trust
related
$1,031,000 · Stanley R Zeamer
—
—
Z Team LP
—
Deed Of Trust
related
$400,000 · Susquehanna 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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