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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Drive through restaurants
35 Hanover St Spring Grove, PA 17362-1101
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-4115726
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1992
Total area
3,680 SF
Lot
0.92 ac (39,988 SF)
Zoning code
CM
APN
85-000-03-0001.C0-00000
UPID
US73-4115726
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
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$554k
Blend (final)
Blend
$580k
Owner & transaction history
Gn Realty Springs LLC · 4 yrs held
Gn Realty Springs LLC
since 2021
Last sale
$614,000
3 recorded transactions
Zoning & alternative use
CM · Spring Grove, 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 Spring Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Grove 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
$630,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$440,000
Current use
MEDICAL BUILDING
$405,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$375,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10% · vs last sale $614k (Dec 30 2021)
Last sale anchor
$614k
Dec 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
$158 / 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
$17,483
Tax year 2024
Assessed value
$472,620
Assessed 2024
Previous assessed
$472,620
+0.0% YoY
Effective rate
3.70%
On assessed value
Assessed land
$124,800
Assessed improvement
$347,820
Land market value
$124,800
Improvement market value
$347,820
Total market value
$472,620
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1992
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,680 SF
Lot
0.92 ac (39,988 SF)
Zoning code
CM
APN
85-000-03-0001.C0-00000
UPID
US73-4115726
Jurisdiction
YORK
Zoning & alternative use
CM · Spring Grove, PA
Zoning CM · permitted uses
CM · Spring Grove, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Grove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$440,000
MEDICAL BUILDING
Est. value
$405,000
AUTO REPAIR, GARAGE
Est. value
$375,000
RESTAURANT Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1992
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Gn Realty Springs LLC
Entity
Mailing address
512 TIMBER SPGS CT, REISTERSTOWN, MD 21136-5844
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2022
—
Gn Realty Springs LLC
—
Deed
related
$628,800 · Pennian Bank
Dec 30, 2021
$614,000
Gn Realty Springs LLC
Dreamrunner Adventures LLC
Deed
$491,200 · Pennian Bank
Jan 20, 2021
$385,000
Dreamrunner Adventures LLC
Santander Bank NA
Deed
—
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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