Entity Owned 
For Sale
1 / 14
$1,810,000
225 Hanover Rd, York, PA 17404
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Property summary
AI-generated overview
This exceptional 30,639 square foot manufacturing facility in York County, Pennsylvania, presents a rare infill opportunity. The property boasts three buildings situated on a spacious 12-acre lot, offering unparalleled access to Route 30 and I-83. The main building, spanning 306 feet in length, features an impressive 18'6" clear height, a 5-ton bridge crane, two 2-ton bridge cranes, approximately 1,000 square feet of office space, and multiple drive-in doors. Two additional buildings enhance the property's functionality: a newer 60' x 100' metal-skinned curing building with 16' clear height and a drive-through bay, and a 50' x 96' maintenance building with multiple drive-in doors and 14'6" clear height. Extensive outdoor space includes sheds and a large flat yard with a 100' x 200' concrete pad ideal for curing and staging. The property is zoned L-2 Light Industrial, providing flexibility for various uses. Asking price is $2,900,000 ($94.65/sq ft). The property is a single-tenant, NNN lease.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1955
Total area
19,396 SF
Lot
12 ac (522,720 SF)
Zoning code
ID
APN
51-000-HG-0086.00-00000
UPID
US73-2649591
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Storage Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.87M
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
since 2022
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
ID · York, PA
Top alternative use upside
Medical building
$2.1M
+132.0%
Auto repair, garage
$1.8M
+102.7%
Retail stores
$1.8M
+92.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.81M
Value range
$1.63M – $1.99M
±10% around blend
Estimated value / SF
$93 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
Income certainty
100
$1.63M
blend $1.81M
$1.99M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,396 SF
Lot area
12 ac
Year built
1955
Stories
1
APN
51-000-HG-0086.00-00000
Zoning
ID
Assessed value
$755,250
Annual tax
$24,828
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.74M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.89M
@ 6.5% CAP return
$1.74M
@ 7% CAP return
$1.62M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$24,828
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$596k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.9 mi away · 13,752 SF
16.5 mi away · 15,174 SF
16.6 mi away · 14,364 SF
24.2 mi away · 18,036 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.81M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 58 sales
$47
+99%
County 108 sales
$54
+72%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $93/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+132%
vs current-use indication
Auto Repair, Garage
Retail Stores
Warehouse, Storage
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
6.20%
Selected cap rate for this flex space
Derived from the York market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.20%
9.0%
NOI (est.)
$179k *
Last sale · Apr 2022
$1.81M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.88M
Move the market yield to see immediate price impact.
Value / SF
$149
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.70%6.20%6.70%
$161k
$2.82M
$2.60M
$2.40M
$179k
$3.14M
$2.88M
$2.67M
$197k
$3.45M
$3.17M
$2.94M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$190k
6.0 mi · Jan 2026 · $10/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$24,828
Tax year 2024
Assessed value
$755,250
Assessed 2024
Previous assessed
$755,250
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$382,250
Assessed improvement
$373,000
Land market value
$382,250
Improvement market value
$373,000
Total market value
$755,250
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1955
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
19,396 SF
Lot
12 ac (522,720 SF)
Zoning code
ID
APN
51-000-HG-0086.00-00000
UPID
US73-2649591
Jurisdiction
YORK
Zoning & alternative use
ID · York, PAZoning ID · permitted uses
ID · York, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
12 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
ID
Jurisdiction
York, PA
Recorded code
ID
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ID in York, PA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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