Office Suite in Historic
116-195 Stock St, Hanover, PA 17331
For Sale
Contact for pricing
Office suite features brand-new separately metered electric and a newly installed HVAC system.
Property Size887 SF
Price / SF$28.07
Days on Market146
Property Features for 116-195 Stock St
General Information
Standard status
Size
Additional Details
HOA Fee
Taxes and HOA fees
Annual Taxes
Listing Agency:
Samson Properties
(703) 378-8810
Listed By:
Neil J. Reichart · License #RS331270
(717) 465-7076
Source:
Exprealty
Added: Jun 15
Changed: Oct 25
Last Checked: Nov 6 at 11:39AM
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 Samson Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale office suite is located in the Eichelberger Building and offers 887 square feet of space. The unit includes brand-new separately metered electric and a brand new HVAC system that has been installed for the buyer. Monthly HOA fees are $410.24.
The suite is situated in a historic Hanover building on Stock Street, offering an opportunity to establish or grow your office in a dedicated space within the property.
The suite’s key improvements are the newly installed HVAC and separately metered electric, which can support straightforward operating separation within the building.
The suite is situated in a historic Hanover building on Stock Street, offering an opportunity to establish or grow your office in a dedicated space within the property.
The suite’s key improvements are the newly installed HVAC and separately metered electric, which can support straightforward operating separation within the building.
Key Highlights
- Office suite in the Eichelberger Building on Stock Street
- 887 SF office suite
- Brand new, separately metered electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,141
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,820
$282.8K
Cap Rate 7%
$202,014
$202.0K
Cap Rate 9%
$157,122
$157.1K
Market Conditions
NOI Build-Up for 887 SF
Gross rent
$19.5K $21.96/SF
− Vacancy
−$623 −$0.70/SF
EGI
$18.9K $21.26/SF
− OpEx
−$4.7K −$5.31/SF
NOI
$14.1K $15.94/SF
Area
York County, PA
Vacancy
3.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,820
Cap Rate 7%
$202,014
Cap Rate 9%
$157,122
Alternative Uses
Best Use
Office B
$202.0K
$176.8K – $235.7K
NOI $14,141 @ 7.0% cap · market cap 56.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.8K
$224.7K – $299.6K
NOI $17,977 @ 7.0% cap · market cap 72.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
Explore this area
Business Placement
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 Office Units in Hanover, PA
Properties on Market for Office Units in Hanover
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite features brand-new separately metered electric and a newly installed HVAC system.
Where is this office unit located?
The property is located at 116-195 Stock St Hanover, PA.
What are key features of this property?
This property features: Office suite in the Eichelberger Building on Stock Street; 887 SF office suite; Brand new, separately metered electric
