New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,015,000
Warehouses
208 Redwood Ln Manheim, PA 17545-1694
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-1833623
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1935
Construction
BRICK
Total area
31,115 SF
Lot
5.02 ac (218,671 SF)
Zoning code
PC-1
APN
400-73181-0-0000
UPID
US73-1833623
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
$6.05M
CAP Approach
CAP
$3.24M
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$5.02M
Owner & transaction history
Gtbc LLC · 3 yrs held
Gtbc LLC
since 2022
Last sale
$5.2M
4 recorded transactions
Zoning & alternative use
PC-1 · Manheim, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.6M
+92.3%
Restaurant
$6.3M
+59.5%
Medical building
$6.3M
+58.6%
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
$6,240,000
ML approach
$6,050,000
CAP Approach
CAP Return
Estimation
6%
$3,505,000
6.5%
$3,235,000
7%
$3,005,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,955,000
Current use
COMMERCIAL (GENERAL)
$7,600,000
Change: +92% · Conversion: Difficult
RESTAURANT
$6,305,000
Change: +60% · Conversion: Difficult
MEDICAL BUILDING
$6,270,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,180,000
Change: +31% · Conversion: Easy
RETAIL STORES
$5,015,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$5.02M
Range $4.51M – $5.52M · ±10% · vs last sale $5.20M (Sep 7 2022)
Last sale anchor
$5.20M
Sep 7 2022
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
$161 / 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
$44,272
Tax year 2024
Assessed value
$1,837,400
Assessed 2024
Previous assessed
$1,837,400
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$176,500
Assessed improvement
$1,660,900
Land market value
$176,500
Improvement market value
$1,660,900
Total market value
$1,837,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1935
Construction
BRICK
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Total area
31,115 SF
Lot
5.02 ac (218,671 SF)
Zoning code
PC-1
APN
400-73181-0-0000
UPID
US73-1833623
Jurisdiction
LANCASTER
Zoning & alternative use
PC-1 · Manheim, PA
Zoning PC-1 · permitted uses
PC-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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$7.6M
RESTAURANT
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$5.2M
RETAIL STORES
Est. value
$5.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1935
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
5.02 ac
Current owner
From public records · entity-resolved
Gtbc LLC
Entity
Free & Clear · 3 yrs held
Mailing address
316 OAK BTM RD, QUARRYVILLE, PA 17566-9244
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2024
—
Gtbc LLC
—
Deed
related
$500,000 · Orrstown Bank
Sep 7, 2022
$5,200,000
Gtbc LLC
Stiegel Development Corporation
Deed
—
Jul 17, 2006
$4,553,992
Stiegel Development Corp
Lot 5 Associates LLC
Other
$5,196,000 · The Commonwealth Financing Authorit
Jan 5, 2004
$1,800,000
Lot 5 Associates LLC
Phoenix Group I LLC
Grant Deed
$1,880,000 · Bank Of Lancaster County NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 208 Redwood Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
