Financial
Distress signals
Property profile

241 N Franklin St 4 Hanover, PA 17331

FOR LEASE
Other office properties
Property ID
US73-4266997
4,140 SF 0.09 ac lot Built 1910
Last sale Mar 2024 · $100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This historic, multi-story brick building is located in Hanover Borough and was previously used as a manufacturing facility. It offers architectural features including exposed brick walls, high ceilings that vary by area (approximately 18 to 30 feet), and large windows that provide natural light. The building has flexible floor plates that can accommodate adaptive-reuse layouts and supports a tenant-driven shell-style interior buildout. The approximate total building area is 4,674 square feet.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$1k
Tax billed · 2024
Assessed value$35k
Assessed land$22k
Assessed improvement$14k
Effective rate3.63%

Value estimate

· Sep 2026
$100k
$90k – $110k
AI approach$100k
NOI build-up
Gross scheduled income$36k
Vacancy & credit loss−$2k
Operating expenses−$12k
NOI · 571.32% cap applied$22k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$84/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$52 – $120
Qualifying comparables4

Cap rate analysis

How does the asset earn?
571.32%
$22k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionYORK

Location intelligence

Which uses thrive at this corner?
Best fit: Catering Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Catering Service9.1
Tailor Shop9.1
Watch Repair Shop8.9

Location

241 N Franklin St, Unit 4 Hanover, PA 17331
County assessor Recorded deeds · 1 transfer 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
136 Penn, Hanover, PA 17331-1928 $400,000 Jun 2025 5,152 SF
250 Fame, Hanover, PA 17331-1587 $339,500 Jan 2025 3,656 SF
555 Carlisle, Hanover, PA 17331-2162 $279,900 Dec 2024 5,040 SF
648 Frederick, Hanover, PA 17331-5006 $2,250,000 Aug 2024 4,928 SF
Hanover Medic, Hanover, PA 17331 $219,937 Jun 2024 3,400 SF
1304 Baltimore, Hanover, PA 17331-4407 $390,000 Apr 2024 3,613 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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