Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    301 Eisenhower Dr Hanover, PA 17331
    Back to Search
    Property profile & analytics

    301 Eisenhower Dr Hanover, PA 17331

    View on Map
    • Retail space
    • 14,318 SF
    • 3.46 lot acres
    For Lease
    $3,150,000
    View Listing →
    Redevelopment Opportunity in Hanover, PA For Lease
    $3,150,000
    1,728 SF

    Redevelopment Opportunity in Hanover, PA

    Pad sites available for lease or build-to-suit anchored by Wawa.

    301 Eisenhower Dr, Hanover, PA
    View Listing
    Property ID
    US73-3914284
    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.
    Value Estimations
    $3,150,000
    Cap Rate Potential
    5.7%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Cardtronics ATM / Atm
    • higi / Physician
    • David C. Schaefer, RPH / Pharmacy
    • Western Union / Bank / Credit Union
    • Adewale A. Oladapo, Phard / Pharmacy

    Property Details for 301 Eisenhower Dr

    Year built
    2006
    Lot size
    3.46 lot acres
    Property size
    14,318 SF
    Zone code
    CM
    Property type
    Retail space
    APN
    67-000-DD-0056.J0-00000
    APU
    67000DD0056J000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,010,000
      ML approach
      $3,230,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,845,000
      6.5%
      $2,630,000
      7%
      $2,440,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    York
    State
    Pennsylvania
    Longitude
    -76.9879
    Latitude
    39.8246
    CBSA code
    49620
    CBSA name
    YORK-HANOVER, 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
    $177,436
    $883,960
    $4,000,040
    $4,884,000
    -
    $883,960
    $4,000,040
    $4,884,000

    Comparable in this City

    • Value Estimation by Request
      3,706 SF

      10 Westminster Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,706 SF
      10 Westminster Ave, Hanover, PA 17331-3701
      View Details
    • Value Estimation by Request
      2,454 SF

      565 Baltimore St

      RETAIL STORES (PERSONAL SERVICES) • 2,454 SF
      565 Baltimore St, Hanover, PA 17331
      View Details
    • Value Estimation
      $520,000
      5,023 SF

      1117 Eichelberger St

      RETAIL STORES (PERSONAL SERVICES) • 5,023 SF
      1117 Eichelberger St, Hanover, PA 17331-1320
      View Details
    • Value Estimation
      $2,075,000
      11,413 SF

      381 Eisenhower Dr

      RETAIL STORES (PERSONAL SERVICES) • 11,413 SF
      381 Eisenhower Dr, Hanover, PA 17331-5219
      View Details
    • Value Estimation by Request
      4,317 SF

      283 Frederick St

      RETAIL STORES (PERSONAL SERVICES) • 4,317 SF
      283 Frederick St, Hanover, PA 17331-3614
      View Details
    • Value Estimation
      $1,500,000
      19,325 SF

      6 Penn St

      RETAIL STORES (PERSONAL SERVICES) • 19,325 SF
      6 Penn St, Hanover, PA 17331
      View Details

    Similar Nearby for Sale

    • $325,000
      0.15 Acres

      Versatile Commercial Property in Hanover

      Unique property suitable for retail, office, or residential conversion.
      119 Baltimore St, Hanover, PA 17331
      View Details
    • $312,500
      4,000 SF

      Commercial Property in Downtown Hanover

      4,000 SF commercial property in Hanover business district.
      209 Broadway, Hanover, PA 17331
      View Details
    • Contact for pricing

      Hanover PA Pad Site Available

      Pad site available for ground lease in Hanover, PA.
      360 W Eisenhower Dr, Hanover, PA 17331
      View Details
    • New
      $425,000
      6,891 SF

      Downtown Hanover Mixed-Use Investment

      Mixed-use building with retail and residential units in Hanover.
      318 Carlisle St, Hanover, PA 17331
      View Details
    • Contact for pricing
      7.78 Acres

      Hanover Retail Center - Prime Location

      Thriving Hanover retail space, high traffic.
      1000 Carlisle St, Hanover, PA 17331
      View Details
    • Contact for pricing
      Pending

      Landmark Bank Building in Hanover

      Historic bank building with office space and parking.
      25 Carlisle St, Hanover, PA 17331
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,460 SF

      Retail Space in Modern Strip

      In-line retail space suitable for various business types.
      1446e Baltimore St, Hanover, PA 17331
      View Details
    • Contact for pricing
      2,867 SF

      Regional Shopping Center Retail Space

      Retail space available in enclosed regional shopping center.
      1100-1155 Eichelberger St, Hanover, PA 17331
      View Details
    • Contact for pricing
      6,895 SF

      Community Center Retail Space Available

      Retail space in dominant community center anchored by GIANT.
      851 Baltimore St, Hanover, PA 17331
      View Details
    • Contact for pricing
      1,728 SF

      Redevelopment Opportunity in Hanover, PA

      Pad sites available for lease or build-to-suit anchored by Wawa.
      301 Eisenhower Dr, Hanover, PA 17331
      View Details
    • Contact for pricing

      Carlisle Street Retail Space Available

      Retail space with high traffic and excellent visibility.
      1225 Carlisle St, Hanover, PA 17331
      View Details
    • Contact for pricing

      Retail Space Next to Home Depot

      Prime retail space available next to The Home Depot.
      400 Eisenhower Dr, Hanover, PA 17331
      View Details
    View Listing
    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.
    301 Eisenhower Dr
    Hanover, PA 17331
    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

    Thank You for Inquiry
    301 Eisenhower Dr, Hanover, PA, 17331
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!