New search
Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Turn key restaurants
31 Main St Manheim, PA 17545-1603
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-0312287
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1876
Construction
BRICK
Total area
8,339 SF
Lot
0.33 ac (14,375 SF)
Zoning code
CBD
APN
400-48566-0-0000
UPID
US73-0312287
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
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$749k
Blend (final)
Blend
$920k
Owner & transaction history
31 S Main St LLC · 1 yrs held
31 S Main St LLC
since 2024
Last sale
$920,000
7 recorded transactions
Zoning & alternative use
CBD · 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
$920,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,390,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $920k (Sep 18 2024)
Last sale anchor
$920k
Sep 18 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
$110 / 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
$18,030
Tax year 2024
Assessed value
$748,300
Assessed 2024
Previous assessed
$748,300
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$64,600
Assessed improvement
$683,700
Land market value
$64,600
Improvement market value
$683,700
Total market value
$748,300
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1876
Construction
BRICK
Heating
STEAM
Buildings
2
Stories
2
Total area
8,339 SF
Lot
0.33 ac (14,375 SF)
Zoning code
CBD
APN
400-48566-0-0000
UPID
US73-0312287
Jurisdiction
LANCASTER
Zoning & alternative use
CBD · Manheim, PA
Zoning CBD · permitted uses
CBD · 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
AUTO REPAIR, GARAGE
Est. value
$1.4M
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
1876
Construction
BRICK
Heating
STEAM
Stories
2
Buildings
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
31 S Main St LLC
Entity
Mailing address
1653 LITITZ PIKE #2118, LANCASTER, PA 17601-6507
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2024
—
S Main St LLC
—
Deed
related
$453,300 · Bank Of Bird In Hand
Sep 18, 2024
$920,000
31 S Main St LLC
Firm Foundations Property Solutions
Deed
$736,000 · Bank Of Bird In Hand
Mar 23, 2021
—
Firm Foundations Property Solutions
—
Deed
related
$350,000 · Peoples Bank
Nov 4, 2015
$1,075,000
Firm Foundations Property Solutions
David C Plaksin
Deed
$689,000 · Peoples Bank
Dec 29, 2000
$500,000
David C Plaksin
Miller,betty L
Grant Deed
$400,000 · Fulton Bank
—
—
David C Plaksin
—
Deed Of Trust
related
$75,000 · Union National Community Bank
—
—
David C Plaksin
—
Deed Of Trust
related
$137,700 · Fulton Bank
—
—
David C Plaksin
—
Deed Of Trust
related
$75,000 · Fulton Bank
—
—
David C Plaksin
—
Deed Of Trust
related
$480,000 · Fulton Bank
—
—
David C Plaksin
—
Deed Of Trust
related
$1,140,000 · Union National Community Bank
—
—
David C Plaksin
—
Deed Of Trust
related
$50,000 · 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.
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 31 Main St?
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.
