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Property profile & analytics
OFF-MARKET
Estimated value
$2,875,000
Office Spaces
55 Doe Run Rd 105 Manheim, PA 17545-8591
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-5812327
Property summary
AI-generated overview
This exceptional commercial land parcel, located at 55 Doe Run Rd, Manheim, PA 17545, offers an expansive parking area ideal for various commercial uses. The property boasts approximately 293 parking spaces available for lease at a rate of $25 per space per month. Situated in Lancaster County, this strategically located lot enjoys convenient access to White Oak Rd, providing excellent visibility and accessibility. The zoning is designated as Mixed Use, offering flexibility for a range of potential tenants. The property is perfect for businesses requiring ample parking, such as those supporting the nearby Manheim Auto Auction. The substantial parking capacity makes this an attractive option for businesses needing to accommodate a large number of vehicles, or those requiring trailer or auto storage. Tenants are responsible for snow removal. This presents a unique opportunity to secure a significant parking asset in a high-demand location. The property's address is precisely 55 Doe Run Rd, Manheim, Pennsylvania, and its coordinates are 40.17020889505159 latitude and -76.38727398415404 longitude.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1947
Construction
BRICK
Total area
20,955 SF
Lot
7.2 ac (313,632 SF)
Zoning code
CC
APN
500-63798-0-0000
UPID
US73-5812327
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
$4.01M
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$2.88M
Owner & transaction history
55 Doe Run LLC · 3 yrs held
55 Doe Run LLC
since 2023
7 recorded transactions
Zoning & alternative use
CC · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,340,000
6.5%
$4,005,000
7%
$3,720,000
Alternative Use
Use
Estimation
RESTAURANT
$4,245,000
Change: -17% · Conversion: Difficult
MEDICAL BUILDING
$4,220,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.88M
Range $2.59M – $3.16M · ±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
$137 / 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
$29,554
Tax year 2024
Assessed value
$1,449,600
Assessed 2024
Previous assessed
$2,058,500
-29.6% YoY
Effective rate
2.04%
On assessed value
Assessed land
$333,000
Assessed improvement
$1,116,600
Land market value
$333,000
Improvement market value
$1,116,600
Total market value
$1,449,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1947
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
20,955 SF
Lot
7.2 ac (313,632 SF)
Zoning code
CC
APN
500-63798-0-0000
UPID
US73-5812327
Jurisdiction
LANCASTER
Zoning & alternative use
CC · Manheim, PA
Zoning CC · permitted uses
CC · 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
RESTAURANT
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$4.2M
RESTAURANT
MEDICAL BUILDING
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
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
7.2 ac
Current owner
From public records · entity-resolved
55 Doe Run LLC
Entity
Mailing address
141 W END DR, MANHEIM, PA 17545-9320
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2023
—
55 Doe Run LLC
55 Doe Run LLC
Intrafamily Transfer
related
—
Jun 1, 2021
$1,400,000
55 Doe Run LLC
Christine C Shubert
Quit Claim Deed
related
$1,255,800 · Pennian Bank
Jun 1, 2021
—
Christine C Shubert
Lyons & Obetz
Intrafamily Transfer
related
—
Jun 24, 2008
—
Lyons
—
Deed Of Trust
related
$5,300,000 · Fulton Bank
Jun 8, 2006
—
Lyons
—
Deed Of Trust
related
$4,000,000 · Fulton Bank
Apr 5, 2002
—
Lyons
Al Hamilton Real Estate Co
Grant Deed
$1,280,000 · Fulton Bank
—
—
Lyons
—
Deed Of Trust
related
$1,360,000 · Fulton Bank
—
—
Lyons
—
Deed Of Trust
related
$45,000 · Fulton 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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