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Property profile & analytics
OFF-MARKET
Estimated value
$5,475,000
Flex space
50 Devco Dr, Manchester, PA 17345
Entity Owned
6-yr Hold
Free & Clear
Property ID
US73-1258448
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Total area
68,868 SF
Lot
15.91 ac (693,040 SF)
Zoning code
CM
APN
26-000-MI-0120.C0-00000
UPID
US73-1258448
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
$6.18M
Comparable Approach
Comparable
$6.43M
Blend (final)
Blend
$5.48M
Owner & transaction history
G & L Ix Apollo Pretium LLC · 6 yrs held
G & L Ix Apollo Pretium LLC
since 2019
6 recorded transactions
Zoning & alternative use
CM · Manchester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.2M
+119.8%
Medical building
$7.6M
+103.2%
Auto repair, garage
$7.1M
+89.2%
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 Manchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manchester 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%
$6,695,000
6.5%
$6,180,000
7%
$5,740,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,730,000
Current use
RESTAURANT
$8,200,000
Change: +120% · Conversion: Difficult
MEDICAL BUILDING
$7,575,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,055,000
Change: +89% · Conversion: Easy
WAREHOUSE, STORAGE
$6,160,000
Change: +65% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,775,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$5,610,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$5,260,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$5.48M
Range $4.93M – $6.02M · ±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
$79 / 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
$103,882
Tax year 2024
Assessed value
$2,980,840
Assessed 2024
Previous assessed
$2,980,840
+0.0% YoY
Effective rate
3.48%
On assessed value
Assessed land
$526,130
Assessed improvement
$2,454,710
Land market value
$526,130
Improvement market value
$2,454,710
Total market value
$2,980,840
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
68,868 SF
Lot
15.91 ac (693,040 SF)
Zoning code
CM
APN
26-000-MI-0120.C0-00000
UPID
US73-1258448
Jurisdiction
YORK
Zoning & alternative use
CM · Manchester, PA
Zoning CM · permitted uses
CM · Manchester, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manchester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.7M
RESTAURANT
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$7.1M
WAREHOUSE, STORAGE
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.6M
RETAIL STORES
Est. value
$5.3M
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
15.91 ac
Current owner
From public records · entity-resolved
G & L Ix Apollo Pretium LLC
Entity
Free & Clear · 6 yrs held
Mailing address
575 5TH AVE, NEW YORK, NY 10017-2422
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2021
—
G&i Ix Apollo Pretium LLC
—
Deed
related
$153,500,000 · Bank Of America NA
Nov 21, 2019
—
G & I Ix Apollo Pretium LLC
—
Grant Deed
related
$143,500,000 · Bank Of America
Sep 25, 2019
$8,534,810
G & L Ix Apollo Pretium LLC
Store Master Funding Vii LLC
Grant Deed
—
Jan 8, 2015
$7,387,017
Store Master Funding Vii LLC
Airopak Corp
Trustees Deed
related
$7,500,000 · Citibank
Sep 10, 2014
—
Airport Corp
—
Grant Deed
related
$265,250,000 · General Elec Cap
Nov 27, 2013
$3,483,000
Airopak Corp
Kwz Associates
Grant Deed
$30,000,000 · Pnc 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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