Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    429 Hanover St Carlisle, PA 17013-3917

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    429 Hanover St Carlisle, PA 17013-3917

    View on Map
    • Retail space
    • 1.97 lot acres
    Off-Market
    Property ID
    US73-2674081
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cardtronics / Atm
    • Chaunte F. Harris, PharmD / Pharmacy
    • higi / Physician
    • Coinhub Bitcoin ATM Teller / Atm
    • Borka Dickerson / Pharmacy

    Property Details for 429 Hanover St

    Lot size
    1.97 lot acres
    Property type
    Retail space
    APN
    03-22-0485-004
    APU
    3220485004

    Description

    This exceptional 14,500-square-foot free-standing retail building presents a remarkable opportunity in the thriving Carlisle, PA market. Situated on a 1.97-acre lot (APN: 03-22-0485-004, Cumberland County), this single-tenant property boasts unparalleled visibility at a signalized intersection. Previously occupied by a Rite Aid Pharmacy, the building offers significant potential for a variety of retail, medical, or convenience-oriented businesses. Its strategic location provides convenient access to major transportation arteries, including Interstate 81 (79,000 vehicles per day) and the Pennsylvania Turnpike (32,000 vehicles per day). The property benefits from its proximity to a robust retail environment, with nearby establishments including Walmart, Target, Lowe's, Kohl's, and Chick-fil-A, ensuring high foot traffic and brand recognition. The entire 14,500 square feet is currently vacant, offering a blank canvas for a new tenant to customize the space to their specific needs. This high-profile location offers an exceptional opportunity for businesses seeking to establish or expand their presence in the Carlisle market. The property's size and visibility make it an ideal location for a variety of uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Carlisle
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.1892
    Latitude
    40.1951
    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
    $45,824
    $861,300
    $1,142,200
    $2,003,500
    -
    $861,300
    $1,142,200
    $2,003,500

    Comparable in this City

    • Value Estimation by Request
      1.55 Acres

      1053 Harrisburg Pike

      RETAIL STORES (PERSONAL SERVICES) • 1.55 Acres
      1053 Harrisburg Pike, Carlisle, PA 17013-1664
      View Details
    • Value Estimation by Request
      1.31 Acres

      1025 Ritner Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1.31 Acres
      1025 Ritner Hwy, Carlisle, PA 17013-1749
      View Details
    • Value Estimation
      $950,000
      10,784 SF

      229 Petersburg Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,784 SF
      229 Petersburg Rd, Carlisle, PA 17013-3135
      View Details
    • Value Estimation by Request
      5,547 SF

      716 St

      RETAIL STORES (PERSONAL SERVICES) • 5,547 SF
      716 St, Carlisle, PA 17013-1924
      View Details
    • Value Estimation by Request
      3,094 SF

      37 Hanover St

      RETAIL STORES (PERSONAL SERVICES) • 3,094 SF
      37 Hanover St, Carlisle, PA 17013-3307
      View Details
    • Value Estimation by Request
      3,966 SF

      121 High St

      RETAIL STORES (PERSONAL SERVICES) • 3,966 SF
      121 High St, Carlisle, PA 17013-2925
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,000 SF

      Carlisle Historic District Commercial Space

      13,000+ SF commercial space in Carlisle's Historic District.
      142 North Hanover St, Carlisle, PA 17013
      View Details
    • Contact for pricing
      2,930 SF

      Carlisle Borough Free-Standing Building

      Two-story concrete building with parking in Carlisle Borough.
      254 E North St, Carlisle, PA 17013
      View Details
    • Contact for pricing

      Prime Carlisle Commercial Land Parcel

      11-acre commercial land with redevelopment potential in Carlisle, Pennsylvania.
      800 E High St, Carlisle, PA 17013
      View Details
    • $14,200,000

      Truck Towing and Recovery Portfolio

      Portfolio of truck towing and recovery facilities in Pennsylvania for sale.
      1220 Newville Rd, Carlisle, PA 17013
      View Details
    • $1,575,000

      Operating Car Wash with Apartments

      Car wash with self-serve bays and apartment building.
      400 S Hanover St, Carlisle, PA 17013
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
      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
    • 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
    • $2,600 /Mo

      Downtown Carlisle Retail/Office Space

      First floor retail or office space in downtown Carlisle, PA.
      17 N 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
    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.
    429 Hanover St
    Carlisle, PA 17013-3917
    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.
    Sign Up Successful!
    You now have access to more from Realmo!