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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Retail properties & Spaces
1851 Baltimore Pike, Hanover, PA 17331-9818
Entity Owned
~
Est. High Equity
Property ID
US73-1840261
Property profile
Verified
Property type
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Year built
1950
Total area
1,750 SF
Lot
0.92 ac (39,988 SF)
Zoning code
CM
APN
52-000-01-0009.00-00000
UPID
US73-1840261
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$820k
Owner & transaction history
Commonwealth Of Pensylvania Dept Of
Commonwealth Of Pensylvania Dept Of
since 2025
Last sale
$775,000
7 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
$880,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $775k (Jul 17 2023)
Last sale anchor
$775k
Jul 17 2023
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
$469 / 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
$6,339
Tax year 2024
Assessed value
$189,780
Assessed 2024
Previous assessed
$189,780
+0.0% YoY
Effective rate
3.34%
On assessed value
Assessed land
$130,000
Assessed improvement
$59,780
Land market value
$130,000
Improvement market value
$59,780
Total market value
$189,780
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 properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Status
Off-Market
Year built
1950
Heating
NONE
Cooling
NONE
Total area
1,750 SF
Lot
0.92 ac (39,988 SF)
Zoning code
CM
APN
52-000-01-0009.00-00000
UPID
US73-1840261
Jurisdiction
YORK
Zoning & alternative use
CM · Hanover, PA
Zoning CM · permitted uses
CM · Hanover, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Cooling
Yes
Lot
0.92 ac
Current owner
From public records · entity-resolved
Commonwealth Of Pensylvania Dept Of
Entity
Mailing address
14 BALLIGOMINGO RD, CONSHOHOCKEN, PA 19428-2725
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2025
—
Commonwealth Of Pensylvania Dept Of
Hanover Commerce LLC
Deed
—
Apr 25, 2025
—
Hanover Commerce LLC
—
Deed
related
$29,250,000 · Citizens Bank NA
Jul 17, 2023
$775,000
Hanover Commerce LLC
Jed D Auchey
Deed
—
Jan 31, 2023
—
Jed W Auchey
—
Deed
related
$46,000 · Acnb Bank
May 10, 2019
—
Jed D Auchey
—
Deed
related
$50,000 · M & T Bank
Mar 7, 2018
—
Jed D Auchey
—
Deed
related
$150,000 · M&t Bk
Sep 2, 2009
—
Jed Auchey
Auchey,jed W
Quit Claim Deed
related
—
Apr 1, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Jed D Auchey
—
Deed Of Trust
related
$100,000 · M & T Bank
—
—
Jed D Auchey
—
Deed Of Trust
related
$150,000 · M&t Bk
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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