1133 Baltimore St, Hanover, PA 17331

Building Details

Buildings 1 More

Stories 1 More

Tenancy Single More

Listing Agency: Bennett Williams Commercial

Listed By: Jimmy Moniz · License #RS375470 Show Phone

Source: Crexi

Added: May 3, 2023 Changed: Oct 26 Last Checked: Nov 6 at 9:02AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bennett Williams Commercial

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The property at 1133 Baltimore Street is a 2,530 square-foot free-standing retail building located on the south side of Hanover, Pennsylvania, along Baltimore Street, which sees 16,000 vehicles per day. The property is near national retailers, including Walmart, Giant, Wendy’s, Weis Markets, Starbucks, and MedExpress.

Key Highlights

• High traffic location: 16,000 vehicles per day (VPD) on Baltimore Street.
• Free‑standing retail building with 2,530 square feet.
• Proximity to national retailers: Walmart, Giant, Wendy’s, Weis Markets, Starbucks, and MedExpress.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,188

Cap Rate

4.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$603,760 $603.8K

Cap Rate 7%

$431,257 $431.3K

Cap Rate 9%

$335,422 $335.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,530 SF

Gross rent

$45.5K $18.00/SF

− Vacancy

−$2.4K −$0.95/SF

EGI

$43.1K $17.05/SF

− OpEx

−$12.9K −$5.11/SF

NOI

$30.2K $11.93/SF

Area

York County, PA

Vacancy

5.30%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$603,760

Cap Rate 7%

$431,257

Cap Rate 9%

$335,422

Alternative Uses

Best Use

Retail

$431.3K

$377.4K – $503.1K (±1% cap)

NOI $30,188 @ 7.0% cap · market cap 4.03%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$732.5K

$641.0K – $854.6K (±1% cap)

NOI $51,277 @ 7.0% cap · market cap 6.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Restaurant Big Box & Wholesale Store Dental Office Building Supply Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

452

Businesses Nearby

174k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 41% Shops & Services 38% Groceries 19% Beauty & Spa 2%

McDonald's Dining

30,816 visits/mo 0.4 miles

Weis Markets Groceries

26,910 visits/mo 0.4 miles

Rutters Shops & Services

24,856 visits/mo 0.2 miles

Ollie's Bargain Outlet Shops & Services

16,903 visits/mo 0.3 miles

Starbucks Dining

14,909 visits/mo 0.5 miles

Demographics for 17331, PA

55,458

Population

23,528

Households

2.4

Avg Household Size

43

Median Age

22%

College-Educated

90%

High-School Grad

74.4 sq mi

ZIP Area

745

Density / Sq Mi

$76,661

Median Household Income

$45,168

Median Earnings

$1,127

Median Rent

$228,700

Median Home Value

Market

Average Price Trend$/SF for Storefront properties in York County, PA

$70.62 Jul

$84.72 Aug

$77.46 Sep

$80.7 Oct

Properties on Market for Storefront properties in York County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

See more

Mixed-Use Retail and Residential Property

512 Broadway, Hanover, PA 17331

$500,000

2,568 SF

View details

Turn-Key Automotive Garage

719 FREDERICK STREET, Hanover, PA 17331

$360,000

2,505 SF

View details

Two-Unit Colonial Duplex

1228 BROADWAY, Hanover, PA 17331

$269,900

2,674 SF

View details

Medical Office Suite with Exam Rooms

195 Stock St Unit 305, Hanover, PA 17331

$299,900

2,230 SF

View details

Flex Space with Dock Access

2145 Baltimore Pike, Hanover, PA 17331

$699,000

View details

Three-Unit Colonial Triplex

320 SPRING Avenue, Hanover, PA 17331

$237,000

1,853 SF

View details

Historic Office Suite

114-195 Stock St, Hanover, PA 17331

$44,900

2,081 SF

View details

Mixed-Use Warehouse with Office

513 Highland Ave, Hanover, PA 17331

$395,000

View details

6-Unit Apartment Building

400 BALTIMORE STREET, Hanover, PA 17331

$494,900

6,678 SF

View details

Specialty Property

132 N RAILROAD STREET, Hanover, PA 17331

$184,900

1,043 SF

View details

Freestanding Bank Building with Drive-Through

1091 EICHELBERGER ST, Hanover, PA 17331

Contact for pricing

3,630 SF

View details

Renovated Medical Office Building

785 Cherry Tree Ct, Hanover, PA 17331

$1,500,000

9,404 SF

View details

Similar Off Market Nearby

• Poppies & Sweet Peas Inside Red Barn Boutique — 805 Baltimore St Suite 313, Hanover, PA 17331

Frequently Asked Questions

What type of property is this?

Storefront property - 2,530 SF retail building in Hanover, Pennsylvania.

Where is this storefront property located?

The property is located at 1133 Baltimore St Hanover, PA.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: High traffic location: 16,000 vehicles per day (VPD) on Baltimore Street.; Free‑standing retail building with 2,530 square feet.; Proximity to national retailers: Walmart, Giant, Wendy’s, Weis Markets, Starbucks, and MedExpress.