Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4960 Hanover Rd Hanover, PA 17331
    Back to Search

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    4960 Hanover Rd Hanover, PA 17331

    View on Map
    • Office buildings
    Off-Market
    Property ID
    US73-3256125
    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

    • Office buildings

    Property Details for 4960 Hanover Rd

    Property type
    Office buildings
    APN
    41 J14-0090C--000/01
    APU
    41J140090C00001

    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
    Hanover
    County
    Adams
    State
    Pennsylvania
    Longitude
    -77.0679
    Latitude
    39.7988
    CBSA code
    23900
    CBSA name
    GETTYSBURG, PA MICROPOLITAN 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
    $105,768
    $0.00
    $5,845,500
    $5,845,500
    -
    $0.00
    $5,845,500
    $5,845,500

    Comparable in this City

    • Value Estimation by Request
      2,424 SF

      235 Railroad St

      OFFICE BUILDING • 2,424 SF
      235 Railroad St, Hanover, PA 17331-2257
      View Details
    • Value Estimation by Request
      4,022 SF

      300 Baltimore St

      OFFICE BUILDING • 4,022 SF
      300 Baltimore St, Hanover, PA 17331-3239
      View Details
    • Value Estimation by Request
      2,592 SF

      1100 Baltimore St

      OFFICE BUILDING • 2,592 SF
      1100 Baltimore St, Hanover, PA 17331-4403
      View Details
    • Value Estimation by Request
      4,180 SF

      585 Mcallister St

      OFFICE BUILDING • 4,180 SF
      585 Mcallister St, Hanover, PA 17331-3324
      View Details
    • Value Estimation by Request
      6,398 SF

      230 York St

      OFFICE BUILDING • 6,398 SF
      230 York St, Hanover, PA 17331-3270
      View Details
    • Value Estimation by Request
      0.76 Acres

      350 3rd St

      OFFICE BUILDING • 0.76 Acres
      350 3rd St, Hanover, PA 17331-4909
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,112 SF

      Landmark Bank Building in Hanover

      Historic bank building with office space and parking.
      25 Carlisle St, Hanover, PA 17331
      View Details
    • Contact for pricing
      62,024 SF

      Hanover R&D Facility For Sale

      62,000 SF R&D facility on 7.385 acres in Hanover, PA.
      1401 York St, Hanover, PA 17331
      View Details
    • Contact for pricing

      Multi-Purpose Building For Sale

      Three-story, approximately 29,100 SF multi-purpose building requiring total rehabilitation.
      138 E Hanover 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
      4,851 SF

      Hanover Warehouse and Office Building

      4,851 SF warehouse and office building in Hanover, PA.
      316 Broadway, Hanover, PA 17331
      View Details
    • Contact for pricing
      10,000 SF

      Medical Office Condo For Sale

      Turn-key medical office suite in Hillside Medical Center.
      250 Fame Ave, Hanover, PA 17331
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hanover Office Building For Rent

      Class B office building in Hanover, PA, renovated in 2003.
      1040 High St, Hanover, PA 17331
      View Details
    • Contact for pricing

      Hanover Retail Shopping Center Space

      112,200 SF shopping center with national co-tenants.
      1418 Baltimore St, Hanover, PA 17331
      View Details
    • Contact for pricing

      Prime Retail Location in Hanover

      Community shopping center with high visibility and traffic.
      1000 Carlisle St, Hanover, PA 17331
      View Details
    • Contact for pricing
      390 SF

      Office Space Near Hanover Square

      Office space with ample parking near Hanover's Eisenhower Drive.
      211 Carlisle St, Hanover, PA 17331
      View Details
    • Contact for pricing

      North Hanover Mall Retail Opportunity

      411,092 SF shopping mall for mixed-use development.
      1155 Carlisle St, Hanover, PA 17331
      View Details
    • Contact for pricing

      Hanover Retail or Fitness Space

      Class A space in Platinum Fitness near Hanover's Golden Mile.
      1665 Broadway, Hanover, PA 17331
      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.
    4960 Hanover Rd
    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
    4960 Hanover Rd, 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!