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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Auto shops
319 Maple Ave Hanover, PA 17331-5104
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2334734
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1979
Total area
7,500 SF
Lot
1.07 ac (46,479 SF)
Zoning code
ID
APN
67-000-11-0004.00-00000
UPID
US73-2334734
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
Current use
Occupant on record · Public records
-
Hanover Door Building Supply General Contractor
-
Freedom Offroad & Automotive Accessories Auto Parts Store
-
319 maple Hotel & Motel
-
Raubenstine Masonry General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$935k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$744k
Blend (final)
Blend
$850k
Owner & transaction history
Timothy Wagaman II · 4 yrs held
Timothy Wagaman II
since 2021
Last sale
$850,000
2 recorded transactions
Zoning & alternative use
ID · 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
$875,000
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$985,000
Current use
RESTAURANT
$895,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$840,000
Change: -15% · Conversion: Moderate
MEDICAL BUILDING
$825,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Sep 30 2021)
Last sale anchor
$850k
Sep 30 2021
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
$113 / 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
$8,928
Tax year 2024
Assessed value
$245,740
Assessed 2024
Previous assessed
$245,740
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$76,100
Assessed improvement
$169,640
Land market value
$76,100
Improvement market value
$169,640
Total market value
$245,740
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,500 SF
Lot
1.07 ac (46,479 SF)
Zoning code
ID
APN
67-000-11-0004.00-00000
UPID
US73-2334734
Jurisdiction
YORK
Zoning & alternative use
ID · Hanover, PA
Zoning ID · permitted uses
ID · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$985,000
RESTAURANT
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$840,000
MEDICAL BUILDING
Est. value
$825,000
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Timothy Wagaman II
Individual
Mailing address
941 E WALNUT ST, HANOVER, PA 17331-1524
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
$850,000
Timothy Wagaman II
Octagon Rentals LLC
Deed
$680,000 · Acnb Bank
Nov 27, 2019
$640,000
Octagon Rentals LLC
Doris J Bange
Grant Deed
$600,000 · Doris J Bange
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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