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Property profile & analytics
OFF-MARKET Estimated value $450,000
Retail space

51 Hillside Ave Manheim, PA 17545-2103

6,600 SF 5.7 ac lot Built 1975
Individually Owned 10-yr Hold Free & Clear
Property ID
US73-2598906
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1975
Construction STEEL FRAME
Total area 6,600 SF
Lot 5.7 ac (248,292 SF)
Zoning code R-2
APN 500-44079-0-0000
UPID US73-2598906
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
$1.20M
Comparable Approach Comparable
$763k
Blend (final) Blend
$450k
Owner & transaction history
Joanne Priest · 10 yrs held
Joanne Priest
since 2016
4 recorded transactions
2016
Price N/A
2016
$600,000
2013
Price N/A
2012
Price N/A
Zoning & alternative use
R-2 · Manheim, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Residential Zone (R-2). A. Purpose. This zone acknowledges existing developed neighborhoods within the Borough that are characterized by detached dwellings upon deep and narrow lots. This zone will seek to protect these areas from the influence of conversion apartments and other nonresidential land uses. B. Permitted uses. (1) Single-family detached dwelling…

Zone name Residential
General category RESIDENTIAL
Zone area 70.91 ac
Top alternative use upside
Commercial (general) $1.6M +51.5%
Restaurant $1.3M +25.7%
Medical building $1.3M +25.0%
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