Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    26 Hanover St Carlisle, PA 17013-3349

    • Retail space
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Jul 03, 2025
    $575,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2349016
    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

    • Natural Music Studios / Recording Studio
    • Jewels of India / Indian Restaurant
    • Lisa Kate Acupuncture / Acupuncture Clinic
    • Keystone Acupuncture & Wellness Center / Acupuncture Clinic

    Property Details for 26 Hanover St

    Lot size
    0.31 lot acres
    Property type
    Retail space
    APN
    04-21-0320-054
    APU
    4210320054

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Carlisle
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.1898
    Latitude
    40.2003
    CBSA code
    25420
    CBSA name
    HARRISBURG-CARLISLE, PA 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
    $11,400
    $270,100
    $228,300
    $498,400
    -
    $270,100
    $228,300
    $498,400

    Comparable in this City

    • Value Estimation
      $375,000
      8,640 SF

      362 High St

      RETAIL STORES (PERSONAL SERVICES) • 8,640 SF
      362 High St, Carlisle, PA 17013-2522
      View Details
    • Value Estimation
      $440,000
      5,379 SF

      765 St

      RETAIL STORES (PERSONAL SERVICES) • 5,379 SF
      765 St, Carlisle, PA 17013-4117
      View Details
    • Value Estimation
      $340,000
      12,472 SF

      325 Arch St

      RETAIL STORES (PERSONAL SERVICES) • 12,472 SF
      325 Arch St, Carlisle, PA 17013-3804
      View Details
    • Value Estimation
      $1,085,000
      7,920 SF

      75 Ashland Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,920 SF
      75 Ashland Ave, Carlisle, PA 17013-2601
      View Details
    • Value Estimation
      $315,000
      0.85 Acres

      707 Hanover St

      RETAIL STORES (PERSONAL SERVICES) • 0.85 Acres
      707 Hanover St, Carlisle, PA 17013-1535
      View Details
    • Value Estimation
      $385,000
      6,180 SF

      34 Hanover St

      RETAIL STORES (PERSONAL SERVICES) • 6,180 SF
      34 Hanover St, Carlisle, PA 17013-3340
      View Details

    Similar Nearby for Sale

    • $460,000
      1,762 SF

      Commercial Lot on High-Traffic Corner

      0.51 acre lot with commercial zoning and high visibility.
      35 Cavalry Rd, Carlisle, PA 17013
      View Details
    • $995,000
      6,381 SF

      Turnkey Distillery, Bar & Restaurant

      Fully renovated distillery, bar, and restaurant in downtown Carlisle.
      137 N Hanover St, Carlisle, PA 17013
      View Details
    • $850,000
      5,070 SF

      Historic Carlisle Mixed-Use Building

      Prime downtown location, 5,070 sq ft, vacant.
      26 High St, Carlisle, PA 17013
      View Details
    • Contact for pricing
      30,927 SF

      Carlisle Plaza Retail Center

      Prime Carlisle location, high-traffic retail opportunity
      800 High St, Carlisle, PA 17013
      View Details
    • $1,575,000
      4,402 SF

      Operating Car Wash with Apartments

      Car wash with self-serve bays and apartment building.
      400 S Hanover St, Carlisle, PA 17013
      View Details
    • $3,500,000
      1.71 Acres

      Prime Carlisle Commercial Land

      High-traffic, multi-parcel development opportunity.
      1310-1312 Holly Pike, Carlisle, PA 17013
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,198 SF

      Retail Space in Carlisle Crossing

      Retail space available in a Target and Kohl’s anchored center.
      202 Westminster Dr, Carlisle, PA 17013
      View Details
    • Contact for pricing

      Prime Retail/Commercial Leasing Opportunity

      Exceptional space for retail or commercial tenants in Carlisle, PA.
      34 South Hanover St, Carlisle, PA 17013
      View Details
    • Contact for pricing
      6,492 SF

      Retail Space in Carlisle Plaza

      Retail space available in a neighborhood shopping center.
      1706 Spring Rd, Carlisle, PA 17013
      View Details
    • Contact for pricing
      1,500 SF

      Carlisle Retail Space Available

      Retail space along Route 11, easy access to highways.
      1075 Harrisburg Pike, Carlisle, PA 17013
      View Details
    • $18 SF/Yr
      2,335 SF

      Retail Space in Carlisle Crossing

      Retail space available in a Target and Kohl’s anchored center.
      299 Westminster Dr, Carlisle, PA 17013
      View Details
    • $2,600 /Mo

      Downtown Carlisle Retail/Office Space

      First floor retail or office space in downtown Carlisle, PA.
      17 N Hanover St Unit, Carlisle, PA 17013
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    26 Hanover St
    Carlisle, PA 17013-3349
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.