New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Manufacturing properties
398 Main St Manheim, PA 17545-2213
Entity Owned
~
Est. High Equity
Property ID
US73-0636983
Property summary
AI-generated overview
This ±10,400 square foot industrial warehouse building presents a unique opportunity in Manheim, Pennsylvania. Situated on a 1.3-acre lot, this single-tenant property is currently undergoing renovations and offers exceptional flexibility. The building's zoning is Commercial, allowing for a diverse range of potential uses. Its strategic location just off Route 72 and Fruitville Pike provides convenient access to major transportation arteries, enhancing its appeal for businesses seeking efficient logistics. The entire 10,400 square feet is currently vacant, presenting a blank canvas for a prospective tenant or owner-occupier to customize the space to their specific needs. The property is located in Lancaster County, Pennsylvania, with the full address being 398 S Main St, Manheim, PA 17545. This is a single-building property, offering a streamlined and manageable space. Serious inquiries are encouraged to explore the possibilities this versatile warehouse offers. The property is available for both sale and lease.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1947
Construction
CONCRETE
Total area
11,054 SF
Lot
1.3 ac (56,628 SF)
Zoning code
HC
APN
500-36733-0-0000
UPID
US73-0636983
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
$945k
Comparable Approach
Comparable
$842k
Blend (final)
Blend
$1.02M
Owner & transaction history
Au Property LLC
Au Property LLC
since 2026
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
HC · Manheim, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.4M
+30.9%
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%
$1,025,000
6.5%
$945,000
7%
$880,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,075,000
Current use
WAREHOUSE, STORAGE
$1,405,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $1.14M (Jan 13 2026)
Last sale anchor
$1.14M
Jan 13 2026
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
$92 / 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
$7,274
Tax year 2024
Assessed value
$356,800
Assessed 2024
Previous assessed
$356,800
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$124,600
Assessed improvement
$232,200
Land market value
$124,600
Improvement market value
$232,200
Total market value
$356,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1947
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
11,054 SF
Lot
1.3 ac (56,628 SF)
Zoning code
HC
APN
500-36733-0-0000
UPID
US73-0636983
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1947
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Au Property LLC
Entity
Mailing address
2013 BONNIE DR, LANCASTER, PA 17601-3613
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2026
$1,137,500
Au Property LLC
Ct&mb LLC
Deed
$910,000 · Orrstown Bank
Jun 5, 2015
$375,000
Ct&mb LLC
Decicco Real Estate Holdings IV LLC
Deed
$310,250 · National Pennsylvania Bank
Mar 5, 2008
$425,000
Decicco Real Estate Holdings IV LLC
Kirk D Heisey
Deed
$395,000 · Jonestown Bank & Trust Co
Nov 30, 2001
$310,000
Manheim Foundry INC
Manhim Brass Foundry INC
Grant Deed
related
—
—
—
Kirk D Helsey
—
Deed Of Trust
related
$365,000 · Commerce Bank 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 398 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.
