Financial
Distress signals
Property profile

512 Broadway Hanover, PA 17331

FOR SALE
Other investment properties
Property ID
US73-2461901
2,202 SF 0.33 ac lot Built 1900
Last sale Dec 2018 · $190,700
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address.
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Property summary

AI-generated overview

A 1,410-square-foot first-floor storefront suite with an L-shaped interior layout, large full-size front windows, and a high-ceiling basement that can be used for additional storage or work space. The premises has previously been used as a flooring showroom and a hair salon, and is identified for retail, professional services, showroom, and specialty business uses. The property is located on a main road approximately 1/2 mile from Hanover Square. A shared 80' x 50' parking lot serves the…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$7k
Tax billed · 2024
Assessed value$188k
Assessed land$55k
Assessed improvement$134k
Effective rate3.63%

Value estimate

· Sep 2026
$270k
$243k – $297k
AI approach$270k
NOI build-up
Gross scheduled income$46k
Vacancy & credit loss−$2k
Operating expenses−$13k
NOI · 6.13% cap applied$31k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$112/SF
ZIP average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$37 – $200
Qualifying comparables13

Cap rate analysis

How does the asset earn?
6.13%
$31k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CM
JurisdictionYORK

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store10.3
Tailor Shop9.7
Veterinary Clinic9.6

Location

512 Broadway Hanover, PA 17331
County assessor Recorded deeds · 2 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
120 Chestnut, Hanover, PA 17331-2246 $350,000 Feb 2024 2,472 SF
598 Baltimore, Hanover, PA 17331-3317 $285,000 Jun 2023 1,568 SF
411 Broadway, Hanover, PA 17331-2583 $1,320,000 Aug 2022 2,534 SF
601 Baltimore, Hanover, PA 17331-3320 $350,000 Apr 2022 1,610 SF
215 Broadway, Hanover, PA 17331-2503 $255,000 Sep 2021 2,824 SF
7 Pennsylvania, Hanover, PA 17331-2432 $92,616 Nov 2020 2,736 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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