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Property profile

1649 Broadway Hanover, PA 17331

FOR SALE
Retail space
Property ID
US73-2275398
118,172 SF 10.85 ac lot Built 1974
Last sale Mar 2015 · $128,886
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$76k
Tax billed · 2024
Assessed value$2.26M
Assessed land$268k
Assessed improvement$1.99M
Effective rate3.37%

Value estimate

· Oct 2026
$3.47M
$3.12M – $3.81M
Submarket $/SF estimate$3.66M
NOI build-up
Gross scheduled income$1.04M
Vacancy & credit loss−$58k
Operating expenses−$296k
NOI · 8.57% cap applied$690k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$78/SF
ZIP average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$50 – $112

Cap rate analysis

How does the asset earn?
8.57%
$690k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CM
JurisdictionYORK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.0
Auto Repair Shop11.6
Auto Parts Store11.3

Location

1649 Broadway Hanover, PA 17331
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
301 Eisenhower, Hanover, PA 17331-5219 $3,444,000 Mar 2025 14,318 SF
6 Penn, Hanover, PA 17331 $1,500,000 Oct 2024 19,325 SF
1665 Broadway, Hanover, PA 17331-9606 $3,695,000 Apr 2024 30,000 SF
25 Carlisle, Hanover, PA 17331-2404 $1,288,001 Jan 2023 13,396 SF
Wilson, Hanover, PA 17331 $28,650,000 Oct 2022 18,000 SF
371 Eisenhower, Hanover, PA 17331-5219 $2,850,000 Mar 2022 52,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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