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    1000 Carlisle St Hanover, PA 17331
    Property profile & analytics

    1000 Carlisle St, Hanover, PA 17331

    View on Map
    • Strip malls
    • 196,848 SF
    • 7.78 lot acres
    For Lease
    $2,100,000
    View Listing →
    Prime Commercial Space Available For Lease
    $2,100,000

    Prime Commercial Space Available

    Exceptional commercial spaces in a high-visibility shopping center.

    1000 Carlisle St, Hanover, PA 17331
    View Listing
    Property ID
    US73-0740928
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Antique & Estate Jewelers / (Bike/Boat/Book/etc) Store
    • Subway / Take-out & Catering
    • Chinatown Kitchen / Restaurant
    • Always Dancing LLC / Training Center
    • Joelle L Shirk Lpc / Counselor

    Property Details for 1000 Carlisle St

    Year built
    1950
    Lot size
    7.78 lot acres
    Zone code
    RS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    67-000-12-0052.00-00000
    APU
    670001200520000000

    Description

    Clearview Shopping Center, a vibrant community hub in Hanover, Pennsylvania, presents an exceptional opportunity for businesses seeking prime retail, office, or restaurant space. This Class B property, totaling 167,392 square feet, boasts two single-story buildings situated on a 7.78-acre lot at 1000 Carlisle St, Hanover, PA 17331. The center features multiple suites available for lease, ranging from a minimum of 405 square feet to a maximum contiguous space of 15,060 square feet. Currently, 19,232 square feet is vacant. The property underwent renovations in 2022 and offers convenient amenities including abundant parking, multiple points of access, and excellent visibility along Route 94/Carlisle Street. A significant advantage is the prominent 10' x 20' digital billboard at the main entrance, available to tenants for a monthly fee of $299.00. The property benefits from high traffic volume, with 22,000 vehicles passing daily. The center is zoned commercial and features two elevators. Lease rates are $15.00 per square foot annually, plus $3.50 NNN. This is an ideal location for businesses seeking high visibility and accessibility within a thriving commercial district. The property is located in York County and is easily accessible. The property is comprised of four total suites.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    York
    State
    Pennsylvania
    Longitude
    -76.995
    Latitude
    39.817
    CBSA code
    49620
    CBSA name
    YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $193,593
    $1,264,500
    $4,064,240
    $5,328,740
    -
    $1,264,500
    $4,064,240
    $5,328,740

    Comparable in this City

    • Value Estimation
      $855,000
      12,000 SF

      440 Eisenhower Dr

      SHOPPING CENTER, STRIP CENTER
      440 Eisenhower Dr, Hanover, PA 17331-5221
      View Details
    • Value Estimation
      $1,330,000
      54,288 SF

      860 Carlisle St

      SHOPPING CENTER, STRIP CENTER
      860 Carlisle St, Hanover, PA 17331-1703
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    • Value Estimation by Request
      129,869 SF

      Wilson Ave

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation by Request
      112,200 SF

      1418 Baltimore St

      Strip malls
      1418 Baltimore St, Hanover, PA 17331
      View Details
    • Value Estimation
      $1,155,000
      84,023 SF

      1019 Baltimore St

      SHOPPING CENTER, STRIP CENTER
      1019 Baltimore St, Hanover, PA 17331-4402
      View Details
    • Value Estimation
      $825,000
      49,659 SF

      398 York St

      SHOPPING CENTER, STRIP CENTER
      398 York St, Hanover, PA 17331-3233
      View Details

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    • $425,000
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      Downtown Hanover Mixed-Use Investment

      Mixed-use building with retail and residential units in Hanover.
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      Hanover Commercial Shop with Bays

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      7.78 Acres

      Hanover Retail Center - Prime Location

      Thriving Hanover retail space, high traffic.
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      Pending

      Landmark Bank Building in Hanover

      Historic bank building with office space and parking.
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      Versatile Commercial Property in Hanover

      Unique property suitable for retail, office, or residential conversion.
      119 Baltimore St, Hanover, PA 17331
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    Similar Nearby for Lease

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      1,460 SF

      Retail Space in Modern Strip

      In-line retail space suitable for various business types.
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    • $15 SF/Yr
      338,897 SF

      Prime Retail Location in Hanover

      Community shopping center with high visibility and strong demographics.
      1000 Carlisle St, Hanover, PA 17331
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    • Contact for pricing
      6,895 SF

      Community Center Retail Space Available

      Retail space in dominant community center anchored by GIANT.
      851 Baltimore St, Hanover, PA 17331
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      2,867 SF

      Regional Shopping Center Retail Space

      Retail space available in enclosed regional shopping center.
      1100-1155 Eichelberger St, Hanover, PA 17331
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    • Contact for pricing

      Prime Retail Location in Hanover

      Community shopping center with high visibility and traffic.
      1000 Carlisle St, Hanover, PA 17331
      View Details
    • Contact for pricing

      North Hanover Mall Retail Opportunity

      411,092 SF shopping mall for mixed-use development.
      1155 Carlisle St, Hanover, PA 17331
      View Details
    View Listing
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    Hanover, PA 17331
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    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.

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