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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Distribution centers
202 Charlotte St Manheim, PA 17545-2002
Individually Owned
~
Est. High Equity
Property ID
US73-2442051
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1925
Construction
STEEL FRAME
Total area
18,972 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C-1
APN
400-88506-0-0000
UPID
US73-2442051
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
$1.18M
Blend (final)
Blend
$1.02M
Owner & transaction history
Thomas Michael Zern
Thomas Michael Zern
since 2026
7 recorded transactions
Zoning & alternative use
C-1 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$54 / 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
$8,862
Tax year 2024
Assessed value
$367,800
Assessed 2024
Previous assessed
$367,800
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$68,900
Assessed improvement
$298,900
Land market value
$68,900
Improvement market value
$298,900
Total market value
$367,800
Applied tax rate
400.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1925
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
3
Total area
18,972 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C-1
APN
400-88506-0-0000
UPID
US73-2442051
Jurisdiction
LANCASTER
Zoning & alternative use
C-1 · Manheim, PA
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
1925
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Thomas Michael Zern
Individual
Mailing address
202 S CHARLOTTE ST, MANHEIM, PA 17545-2002
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Jan 29, 2026
$750,000
Thomas Michael Zern
Joseph F Zern
Deed
related
$500,000 · Joseph F Zern Etal
May 23, 2019
—
Zz Partners
—
Deed
related
$10,000 · Jonestown Bk&tr
Jul 2, 2018
—
Zz Partners
—
Deed
related
$150,000 · Jonestown Bk&tr
Aug 16, 2011
—
Joseph F Zern
Zern,joseph F & Thomas M
Quit Claim Deed
related
—
—
—
Zz Partners
—
Deed Of Trust
related
$10,000 · Jonestown Bk&tr
—
—
Joseph F Zern
—
Deed Of Trust
related
$150,000 · Pnc Bank
—
—
Joseph F Zern
—
Deed Of Trust
related
$75,000 · Bank Of Lancaster County NA
—
—
Zz Partners
—
Deed Of Trust
related
$150,000 · Jonestown Bk&tr
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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