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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Flex space
527 Gitts Run Rd Hanover, PA 17331-9580
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US73-0721279
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2002
Total area
12,000 SF
Lot
4.92 ac (214,315 SF)
Zoning code
AG
APN
30-000-DD-0048.D0-00000
UPID
US73-0721279
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
-
Canteen Big Box & Wholesale Store
-
Gitts Run Road Trailhead Hanover Trolley Trail Hiking Area
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$700k
Blend (final)
Blend
$850k
Owner & transaction history
527 Gitts Run Road LP · 14 yrs held
527 Gitts Run Road LP
since 2011
5 recorded transactions
Zoning & alternative use
AG · Hanover, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+86.8%
Medical building
$1.3M
+83.5%
Office building
$1.0M
+40.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,165,000
6.5%
$1,075,000
7%
$1,000,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$720,000
Current use
COMMERCIAL (GENERAL)
$1,345,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$1,320,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$1,005,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$930,000
Change: +29% · Conversion: Moderate
WAREHOUSE, STORAGE
$925,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$71 / 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
$17,150
Tax year 2024
Assessed value
$515,920
Assessed 2024
Previous assessed
$515,920
+0.0% YoY
Effective rate
3.32%
On assessed value
Assessed land
$193,660
Assessed improvement
$322,260
Land market value
$193,660
Improvement market value
$322,260
Total market value
$515,920
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2002
Heating
YES
Cooling
CENTRAL
Total area
12,000 SF
Lot
4.92 ac (214,315 SF)
Zoning code
AG
APN
30-000-DD-0048.D0-00000
UPID
US73-0721279
Jurisdiction
YORK
Zoning & alternative use
AG · Hanover, PAZoning AG · permitted uses
AG · 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
INDUSTRIAL (GENERAL) Current
Est. value
$720,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$930,000
WAREHOUSE, STORAGE
Est. value
$925,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2002
Heating
YES
Cooling
Yes
Lot
4.92 ac
Current owner
From public records · entity-resolved
527 Gitts Run Road LP
Entity
Mailing address
PO BOX 484, ELVERSON, PA 19520-0484
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2022
—
527 Gitts Run Road LP
—
Deed
related
$165,000 · M & T Bank
Dec 8, 2016
—
527 Gitts Run Road L P
—
Deed
related
$116,638 · Manufacturers & Traders Trust Co
Sep 30, 2011
$525,000
527 Gitts Run Road LP
Bayview Loan Servicing LLC
Deed
$530,000 · Manufacturers & Traders Trust Co
Mar 23, 2011
$2,834
Bayview Ln Svcg LLC
Sheriff Of York County
Trustees Deed
related
—
Sep 25, 2007
—
James M Abramczyk
Abramczyk,james M & Karen L
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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