Free Standing Retail
1133 Baltimore St Hanover, PA 17331
1133 Baltimore St, Hanover, PA, 17331
Contact for pricing
For Sale
Contact for pricing
2,530 SF retail building in Hanover, Pennsylvania.
Property Size2,530 SF
Price / SF$296.44
Days on Market1172
Property Features for 1133 Baltimore St
General Information
- Standard status
- Active
- Size
- 2,530 SF
- Property subtype
- Retail
Listing Agency
Bennett Williams Commercial
(717) 843-5555
Listed by
Jimmy Moniz · License #RS375470
Source
Crexi
Added: May 3, 2023 Checked: Jul 17 at 5:54 am
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
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.5k | $18.00 |
| − Vacancy | −$2.4k | −$0.95 |
| EGI | $43.1k | $17.05 |
| − OpEx | −$12.9k | −$5.11 |
| NOI | $30.2k | $11.93 |
2,530 SF · lease $18.00/SF/yr · vacancy 5.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$431.3K
$377.4K – $503.1K
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
NOI $51,277 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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.
