Financial
Distress signals
Property profile

1040 High St Hanover, PA 17331

FOR LEASE
Office buildings
Property ID
US73-2748139
17,469 SF 2.55 ac lot Built 1990
Last sale Feb 2020 · $1,362,984
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A Class B office building constructed in 1990 and renovated in 2003, located at 1040 High Street in Hanover, Pennsylvania on 2.55 acres. The property contains 16,200 square feet and includes 78 parking spaces. It is positioned off Route 94 and provides roadway access to major regional cities including Philadelphia, Wilmington, Baltimore, and Washington D.C., making it configured for office use.

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?
$41k
Tax billed · 2024
Assessed value$1.12M
Assessed land$179k
Assessed improvement$938k
Effective rate3.63%

Value estimate

· Sep 2026
$1.48M
$1.33M – $1.62M
AI approach$1.52M
Submarket $/SF estimate$1.50M

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CM
JurisdictionYORK

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.8
Parking Facility11.1
Barber Shop10.4

Location

1040 High St Hanover, PA 17331
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
570 Carlisle, Hanover, PA 17331-2163 $738,500 Mar 2025 7,886 SF
529 Carlisle, Hanover, PA 17331-2162 $279,000 Aug 2023 6,800 SF
581 Chestnut, Hanover, PA 17331-7803 $629,500 Jun 2023 11,000 SF
33 Carlisle, Hanover, PA 17331-2404 $1,288,001 Jan 2023 19,782 SF
454 Carlisle, Hanover, PA 17331-2107 $415,000 Dec 2021 7,154 SF
230 York, Hanover, PA 17331-3270 $325,000 Jul 2019 6,398 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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