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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1406 Hanover St Pottstown, PA 19465

    • Turn key restaurants
    • 79,010 SF
    • 13.74 lot acres
    OFF-MARKET
    Last Sale
    Apr 09, 2025
    $23,819,990
    Value Estimations
    $21,440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3077051
    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
    13.74 lot acres
    Property size
    79,010 SF
    Zone code
    C2
    Property type
    Turn key restaurants
    APN
    1707 00720300
    APU
    170700720300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,371,000
      Market price range: $9.51M - $26.1M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $17,090,000
      Current use
      AUTO REPAIR, GARAGE
      $16,880,000
      Change: -1% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $15,000,000
      Change: -12% Conversion: Difficult
      OFFICE BUILDING
      $14,690,000
      Change: -14% Conversion: Moderate

    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
    $206,721
    $345,550
    $4,535,150
    $4,880,700
    -
    $345,550
    $4,867,240
    $5,212,790

    Comparable in this City

    • Value Estimation
      $1,150,000
      9,000 SF

      100 Schuylkill Rd

      RESTAURANT • 9,000 SF
      100 Schuylkill Rd, Pottstown, PA 19465-6938
      View Details
    • Value Estimation
      $5,285,000
      48,456 SF

      1406 Hanover St

      RESTAURANT • 48,456 SF
      1406 Hanover St, Pottstown, PA 19465
      View Details
    • Value Estimation by Request
      8,610 SF

      1456 Hanover St

      RESTAURANT • 8,610 SF
      1456 Hanover St, Pottstown, PA 19465-7435
      View Details
    • Value Estimation by Request
      2,337 SF

      2579 New Schuylkill Rd

      RESTAURANT • 2,337 SF
      2579 New Schuylkill Rd, Pottstown, PA 19465
      View Details
    • Value Estimation
      $815,000
      9,960 SF

      1500 Hanover St

      RESTAURANT • 9,960 SF
      1500 Hanover St, Pottstown, PA 19465-7437
      View Details
    • Value Estimation by Request
      7,655 SF

      901 Keim St

      RESTAURANT • 7,655 SF
      901 Keim St, Pottstown, PA 19465
      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.
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    • Contact for pricing
      28,463 SF

      Retail Space in Power Center

      Retail space available in a prominent power center location.
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    • $2,500,000
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      000 and this includes upper and lower levels. Zoning and flyer attached under docs.""""}"""

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

      Automotive Repair Facility For Sale

      3,744 SF automotive repair facility with 6 bays.
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    • $1,700,000
      9,376 SF

      Pottstown Retail Bank Building

      Prime Retail Location, High Traffic Area
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    • $889,000
      0.30 Acres

      Pottstown Auto Shop with Residence

      Pristine auto shop with lifts and updated residential building.
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    Similar Nearby for Lease

    • Contact for pricing
      106,748 SF

      Pottstown Retail Center For Lease

      Prime Chester County retail space available.
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      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
    • $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
      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
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    1406 Hanover St
    Pottstown, PA 19465
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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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