Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1406 Hanover St Pottstown, PA 19465

    • Turn key restaurants
    • 48,456 SF
    • 9.46 lot acres
    OFF-MARKET
    Value Estimations
    $5,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2603935
    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.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1406 Hanover St

    Year built
    2003
    Lot size
    9.46 lot acres
    Property size
    48,456 SF
    Zone code
    C2
    Property type
    Turn key restaurants
    APN
    1707 00720500
    APU
    170700720500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,585,000
      Market price range: $2.93M - $7.50M

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

    Location Insight

    • Map
    • Local Demand
    City
    Pottstown
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.6581
    Latitude
    40.2086
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD 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
    $117,539
    $270,560
    $2,504,550
    $2,775,110
    -
    $270,560
    $2,732,980
    $3,003,540

    Comparable in this City

    • Value Estimation
      $695,000
      5,940 SF

      2224 Pottstown Pike

      RESTAURANT • 5,940 SF
      2224 Pottstown Pike, Pottstown, PA 19465-8718
      View Details
    • Value Estimation by Request
      3,146 SF

      1151 Rdg Rd

      RESTAURANT • 3,146 SF
      1151 Rdg Rd, Pottstown, PA 19465-8703
      View Details
    • Value Estimation by Request
      2,350 SF

      233 Schuylkill Rd

      RESTAURANT • 2,350 SF
      233 Schuylkill Rd, Pottstown, PA 19465-6953
      View Details
    • Value Estimation by Request
      4,700 SF

      692 Schuylkill Rd

      RESTAURANT • 4,700 SF
      692 Schuylkill Rd, Pottstown, PA 19465-7407
      View Details
    • Value Estimation
      $21,440,000
      79,010 SF

      1406 Hanover St

      RESTAURANT • 79,010 SF
      1406 Hanover St, Pottstown, PA 19465
      View Details
    • Value Estimation
      $1,150,000
      9,000 SF

      100 Schuylkill Rd

      RESTAURANT • 9,000 SF
      100 Schuylkill Rd, Pottstown, PA 19465-6938
      View Details

    Similar Nearby for Sale

    • $1,800,000
      7,276 SF

      Pigeon Creek Saloon & Eatery

      Two-story restaurant and bar with full liquor license for sale.
      1701 Pottstown Pike, Pottstown, PA 19465
      View Details
    • $1,700,000
      9,376 SF

      Pottstown Retail Bank Building

      Prime Retail Location, High Traffic Area
      1000 Ridge Rd, Pottstown, PA 19465
      View Details
    • $889,000
      0.30 Acres

      Pottstown Auto Shop with Residence

      Pristine auto shop with lifts and updated residential building.
      386 Laurelwood Rd, Pottstown, PA 19465
      View Details
    • Contact for pricing
      28,463 SF

      Retail Space in Power Center

      Retail space available in a prominent power center location.
      1100 Town Square Rd, Pottstown, PA 19465
      View Details
    • $2,500,000
      23,000 SF

      000 and this includes upper and lower levels. Zoning and flyer attached under docs.""""}"""

      Pottstown Retail Investment Opportunity
      1486 Hanover St, Pottstown, PA 19465
      View Details
    • $1,000,000
      3,744 SF

      Automotive Repair Facility For Sale

      3,744 SF automotive repair facility with 6 bays.
      1851 Pottstown Pike, Pottstown, PA 19465
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      7,828 SF

      Shoppes at Pughtown Retail Space

      Pottstown, PA Retail Center: High Visibility
      2317 Pottstown Pike, Pottstown, PA 19465
      View Details
    • Contact for pricing
      106,748 SF

      Pottstown Retail Center For Lease

      Prime Chester County retail space available.
      1 Glocker Way, Pottstown, PA 19465
      View Details
    • Contact for pricing
      2,386 SF

      Pottstown Flex Space with Garages

      Flex space with garages and easy highway access for lease.
      1388 S Hanover St, Pottstown, PA 19465
      View Details
    • Contact for pricing
      28,464 SF

      Town Square Plaza Retail Space

      Pottstown, PA retail center - fully vacant.
      1100 Town Square Rd, Pottstown, PA 19465
      View Details
    • Contact for pricing
      29,461 SF

      351 Schuylkill Rd

      Lifestyle centers
      351 Schuylkill Rd, Pottstown, PA 19465
      View Details
    • $1,000 /Mo
      139,392 SF

      POTTSTOWN Office Space For Lease

      Approximately 1,500 SF of customizable open office space for lease.
      1132 Ridge Rd, Pottstown, PA 19465
      View Details
    Request Owner's contact information
    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.
    1406 Hanover St
    Pottstown, PA 19465
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.