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    1150 Carlisle St Hanover, PA 17331

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    1150 Carlisle St Hanover, PA 17331

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    • Community centers
    • 109,544 SF
    • 15.81 lot acres
    For Lease
    $1,940,000
    View Listing →
    Retail Space in Hanover Plaza For Lease
    $1,940,000

    Retail Space in Hanover Plaza

    Prime retail destination with high visibility and foot traffic.

    1150 Carlisle St, Hanover, PA 17331
    View Listing
    Property ID
    US73-0858698
    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

    • The Comics Closet / (Bike/Boat/Book/etc) Store / Newspaper & Magazine
    • WellSpan Lab Services / Medical Clinic
    • Big Lots / Discount Store
    • Xfinity Store by Comcast Branded Partner / Telecommunications Service / Data Center
    • Blackwolf Antiques / Home Decor Store / (Bike/Boat/Book/etc) Store

    Property Details for 1150 Carlisle St

    Year built
    1972
    Lot size
    15.81 lot acres
    Property size
    109,544 SF
    Zone code
    CM
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    44-000-10-0046.00-00000
    APU
    440001000460000000

    Description

    North Point Plaza, located at 1150 Carlisle St, Hanover, PA 17331, offers 1,345 square feet of Class A retail space. This single-story building, part of a three-building complex totaling 120,341 square feet, is situated at the intersection of Eisenhower Boulevard and Carlisle Pike, across from the Hanover Mall. Built in 1972 and renovated in 2012, the property boasts 835 total parking spaces, ensuring ample customer convenience. The plaza benefits from its location on high-traffic roadways, Carlisle Street and Eisenhower Boulevard, attracting significant foot traffic. The property's strong tenant mix includes established retailers such as Big Lots, Jo-Ann Fabric, Grocery Outlet, and Tractor Supply, creating a vibrant and synergistic shopping environment. This prime retail location in the South Central Pennsylvania submarket (Hanover cluster) within York County offers exceptional visibility and accessibility, making it an ideal opportunity for businesses seeking to thrive in a growing market. The available space is part of a multi-tenant building. The Hanover market has shown significant growth in the last decade.

    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
    -76.9987
    Latitude
    39.8216
    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
    $174,350
    $2,172,912
    $3,000,688
    $5,173,600
    -
    $2,172,912
    $3,000,688
    $5,173,600

    Comparable in this City

    • Value Estimation
      $535,000
      7,660 SF

      496 Eisenhower Dr

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      496 Eisenhower Dr, Hanover, PA 17331-5221
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    • Value Estimation
      $1,580,000
      23,050 SF

      411 Eisenhower Dr

      MINI-MALL • 23,050 SF
      411 Eisenhower Dr, Hanover, PA 17331-5213
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    • Value Estimation by Request
      6,900 SF

      600 Carlisle St

      MINI-MALL • 6,900 SF
      600 Carlisle St, Hanover, PA 17331-5100
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    • Value Estimation
      $725,000
      26,000 SF

      1446 Baltimore St

      MINI-MALL • 26,000 SF
      1446 Baltimore St, Hanover, PA 17331-8248
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    • Value Estimation by Request
      112,200 SF

      1418 Baltimore St

      Strip malls • 112,200 SF
      1418 Baltimore St, Hanover, PA 17331
      View Details
    • Value Estimation
      $2,995,000
      49,736 SF

      781 Baltimore St

      MINI-MALL • 49,736 SF
      781 Baltimore St, Hanover, PA 17331-4113
      View Details

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      Hanover Retail Center - Prime Location

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      Versatile Commercial Property Near Town

      Unique property suitable for retail, office, or residential conversion.
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      13,033 SF

      Retail Space in Hanover

      13,033 SF retail building on 1.5 AC available.
      1155 Carlisle St, Hanover, PA 17331
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    Similar Nearby for Lease

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      1,460 SF

      Retail Space in Modern Strip

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      Regional Shopping Center Retail Space

      Retail space available in enclosed regional shopping center.
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      Hanover Retail Shopping Center Space

      112,200 SF shopping center with national co-tenants.
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      Prime Retail Location in Hanover

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

      Community Center Retail Space Available

      Retail space in dominant community center anchored by GIANT.
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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
      View Details
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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.

    More about this property
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