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Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Community centers
411 Eisenhower Dr Hanover, PA 17331-5213
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2767449
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1992
Total area
23,050 SF
Lot
26.7 ac (1,163,052 SF)
Zoning code
CM
APN
67-000-DD-0056.B0-00000
UPID
US73-2767449
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 Crossing Shopping Center Shopping Center & Mall
-
Glam.with.nikki Hair Salon Nail Salon
-
Benefit Cosmetics BrowBar Beauty Counter Hair Salon Nail Salon
-
Ulta Beauty Cosmetic Store
-
Benefit Cosmetics BrowBar Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.58M
Owner & transaction history
Ridge North Shopping Center Assc Ll · 3 yrs held
Ridge North Shopping Center Assc Ll
since 2022
2 recorded transactions
Zoning & alternative use
CM · Hanover, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+208.9%
Auto repair, garage
$2.3M
+186.8%
Restaurant
$2.2M
+174.4%
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
by Request
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
$2,390,000
6.5%
$2,205,000
7%
$2,050,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,470,000
Change: +209% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,290,000
Change: +187% · Conversion: Difficult
RESTAURANT
$2,195,000
Change: +174% · Conversion: Difficult
OFFICE BUILDING
$1,940,000
Change: +143% · Conversion: Moderate
MEDICAL BUILDING
$1,695,000
Change: +112% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,640,000
Change: +105% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,375,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±10%
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
$69 / 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
$573,129
Tax year 2024
Assessed value
$15,775,630
Assessed 2024
Previous assessed
$15,775,630
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$5,059,010
Assessed improvement
$10,716,620
Land market value
$5,059,010
Improvement market value
$10,716,620
Total market value
$15,775,630
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1992
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
1
Total area
23,050 SF
Lot
26.7 ac (1,163,052 SF)
Zoning code
CM
APN
67-000-DD-0056.B0-00000
UPID
US73-2767449
Jurisdiction
YORK
Zoning & alternative use
CM · Hanover, PAZoning CM · permitted uses
CM · Hanover, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
Buildings
7
Lot
26.7 ac
Current owner
From public records · entity-resolved
Ridge North Shopping Center Assc Ll
Individual
Mailing address
6259 REYNOLDS ML RD, SEVEN VALLEYS, PA 17360-8844
Ownership since
2022
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
Oct 26, 2022
—
Ridge North Shopping Center Assc Ll
Ridge North Shopping Center Assc Ll
Intrafamily Transfer
related
$1,400,000 · Wells Fargo Bank NA
Jul 18, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
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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