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Property profile & analytics
OFF-MARKET
Estimated value
$3,465,000
Retail space
1649 Broadway Hanover, PA 17331-9606
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-2275398
Property summary
AI-generated overview
This 50,000-square-foot warehouse in Hanover, Pennsylvania, presents a unique opportunity. Originally built as a manufacturing/warehouse/office facility, the property, zoned Shopping Commercial, has undergone partial conversion to accommodate a farmer's market, brewery/restaurant, and banquet center. The warehouse section, however, remains entirely separate, offering 50,000 square feet of readily available space. Features include two dedicated loading docks and a shared drive-in door, ensuring efficient loading and unloading. The warehouse boasts modern LED lighting, high ceilings (20 feet to the beam, 24 feet to the deck), gas heat, and restroom access. Ample on-site parking is available for employees and customers. The property sits on a 10.85-acre lot (APN: 44-000-ED-0011-G0-00000) in York County. This single-story building offers a versatile space suitable for a variety of industrial or storage needs. The lease rate is $5.95 per square foot, NNN. This is a prime location in Hanover, PA, with easy access to major transportation routes.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Total area
118,172 SF
Lot
10.85 ac (472,626 SF)
Zoning code
CM
APN
44-000-ED-0011.G0-00000
UPID
US73-2275398
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Craft Eats Take-out & Catering
-
Passion For Print (Bike/Boat/Book/etc) Store
-
Grillrilla Restaurant
-
Susie`s Mexican Grill Restaurant
-
Baltimore Style Pit Beef and Seafood Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.66M
Blend (final)
Blend
$3.47M
Owner & transaction history
Silbaugh Investors LP 5 · 6 yrs held
Silbaugh Investors LP 5
since 2020
4 recorded transactions
Zoning & alternative use
CM · Hanover, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.47M
Range $3.12M – $3.81M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$29 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$76,150
Tax year 2024
Assessed value
$2,259,630
Assessed 2024
Previous assessed
$2,259,630
+0.0% YoY
Effective rate
3.37%
On assessed value
Assessed land
$267,570
Assessed improvement
$1,992,060
Land market value
$267,570
Improvement market value
$1,992,060
Total market value
$2,259,630
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
118,172 SF
Lot
10.85 ac (472,626 SF)
Zoning code
CM
APN
44-000-ED-0011.G0-00000
UPID
US73-2275398
Jurisdiction
YORK
Zoning & alternative use
CM · Hanover, PAZoning CM · permitted uses
CM · Hanover, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
10.85 ac
Current owner
From public records · entity-resolved
Silbaugh Investors LP 5
Entity
Mailing address
1649 BROADWAY, HANOVER, PA 17331-9606
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2021
—
Joseph W Silbaugh JR
—
Deed
related
$50,000 · Members 1st FCU
May 6, 2020
—
Silbaugh Investors LP 5
Investors LP 5 Silbaugh
Quit Claim Deed
related
—
Apr 7, 2020
—
Joseph W Silbaugh JR
Joseph W Silbaugh JR
Intrafamily Transfer
related
$3,400,000 · Members 1st FCU
Mar 4, 2015
$128,886
Joseph W Silbaugh JR.
Silbaugh Investors LP 5
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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