Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Tomko Ave Hanover, PA 18706

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Undeveloped acreage, ideal for recreation. Financing available.

    Property Features for 0 Tomko Ave

    General Information

    Property type
    Land
    Lot Size
    1,482,347 SF

    We can help!

    Listing Contact
    Albert Guari
    Albert Guari

    Listing Agency: Mericle Commercial Real Estate Services Listing Agent: Albert Guari

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 34.03-acre parcel of land, located on Tomko Avenue in Hanover Township, Luzerne County, Pennsylvania (zip code 18706), presents a unique opportunity for buyers seeking a substantial undeveloped property. The land features varying topography and includes a small stream, adding to its natural beauty and potential. Currently zoned C-O (Conservation/Open Space), the property offers significant possibilities. A proposed subdivision plan outlines two potential parcels: Site 1 encompassing 10.13 acres and Site 2 comprising the entire 34.03 acres. This makes it suitable for a variety of uses, including a private woodland recreation area or other compatible developments, subject to necessary approvals and permits. The property's APN is p/o K800A019-25. The asking price is $139,200. Attractive financing options are available to qualified buyers with a 10% down payment. This is a rare opportunity to acquire a significant landholding in a desirable Pennsylvania location. Don't miss out on this chance to own a piece of this beautiful landscape.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hanover
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.977914
    Latitude
    41.177799

    Nearby Similar for Sale

    • New
      $312,500
      4,000 SF

      Commercial Property in Downtown Hanover

      4,000 SF commercial property in Hanover's business district.
      209 Broadway, Hanover, PA 17331
      View Details
    • $425,000
      1,300 SF

      Turnkey Bar and Restaurant Opportunity

      Established bar and restaurant for sale with liquor license.
      907 W Elm Ave, Hanover, PA 17331
      View Details
    • Contact for pricing
      9,194 SF

      Medical Office Building Investment

      Tenant-designed medical office building with stable income streams.
      18-20 North St, Hanover, PA 17331
      View Details
    • Contact for pricing
      87,000 SF

      Hanover Warehouse Space Available

      87,000 sq ft warehouse in Hanover, Pennsylvania.
      350 Kindig Ln, Hanover, PA 17331
      View Details
    • $399,000
      4,851 SF

      Hanover Retail Building - $399K

      Prime Hanover location, vacant retail space.
      316 Broadway, Hanover, PA 17331
      View Details
    • $750,000
      2,530 SF

      Hanover Restaurant - $750K

      Prime Restaurant Space, Vacant, High Traffic
      1133 Baltimore St, Hanover, PA 17331
      View Details
    • $349,900
      3,578 SF

      concrete floors

      electric and a 15' workbench. Both garages are accessed by blacktop driveways. Appliances included are: Refrigerator
      1494 Carlisle Pike, Hanover, PA 17331
      View Details
    • Contact for pricing
      7.78 Acres

      Hanover Retail Center - Prime Location

      Thriving Hanover retail space, high traffic.
      1000 Carlisle St, Hanover, PA 17331
      View Details
    • $170,000
      1,274 SF

      Hanover Borough Semi-Detached Home

      3 bed, 2 bath semi-detached home with 2-car garage.
      85 South St, Hanover, PA 17331
      View Details
    • $175,000
      2,268 SF

      Hanover Executive Office Condo

      Prime Medical/Professional Office Space
      195 Stock St, Hanover, PA 17331
      View Details
    • Contact for pricing
      13,033 SF

      Hanover Auto Shop - 13,033 SF

      Prime Hanover, PA auto shop; 1.5 acres, high traffic.
      1155 Carlisle St, Hanover, PA 17331
      View Details
    • $264,900
      1,835 SF

      listed with Penn Township

      this property could qualify for up to Two units for rental!!! Contact the Penn Township site for specific details... Don't miss this opportunity
      715 Frederick St, Hanover, PA 17331
      View Details

    FAQs

    What type of property is this?
    Land - Undeveloped acreage, ideal for recreation. Financing available.
    Where is this land located?
    The property is located at Tomko Ave Hanover, PA.
    What is the asking price?
    The asking price for this property is $139,200.
    (570) 823-1100 Call to check price and availability
    Request Owner's contact information
    Tomko Ave Hanover, PA 18706
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Tomko Ave
    Hanover, PA 18706
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Tomko Ave Hanover, PA 18706
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Albert Guari
    Albert Guari
    Real Estate License ID: AB065633
    (570) 823-1100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!