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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Warehouses
550 Boundary Ave, Hanover, PA 17331
Entity Owned
19-yr Hold
Free & Clear
Property ID
US73-3976303
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
8,000 SF
Lot
1.9 ac (82,764 SF)
Zoning code
CM
APN
44-000-06-0036.A0-00000
UPID
US73-3976303
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$990k
Blend (final)
Blend
$875k
Owner & transaction history
Krillco LLC · 19 yrs held
Krillco LLC
since 2006
2 recorded transactions
Zoning & alternative use
CM · Hanover, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+71.0%
Restaurant
$950,000
+54.8%
Commercial (general)
$895,000
+45.6%
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%
$945,000
6.5%
$870,000
7%
$810,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$615,000
Current use
AUTO REPAIR, GARAGE
$1,050,000
Change: +71% · Conversion: Easy
RESTAURANT
$950,000
Change: +55% · Conversion: Difficult
COMMERCIAL (GENERAL)
$895,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$880,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$670,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$620,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$109 / 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
$11,309
Tax year 2024
Assessed value
$335,580
Assessed 2024
Previous assessed
$335,580
+0.0% YoY
Effective rate
3.37%
On assessed value
Assessed land
$100,190
Assessed improvement
$235,390
Land market value
$100,190
Improvement market value
$235,390
Total market value
$335,580
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
YES
Cooling
NONE
Buildings
2
Total area
8,000 SF
Lot
1.9 ac (82,764 SF)
Zoning code
CM
APN
44-000-06-0036.A0-00000
UPID
US73-3976303
Jurisdiction
YORK
Zoning & alternative use
CM · Hanover, PA
Zoning CM · permitted uses
CM · Hanover, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$895,000
MEDICAL BUILDING
Est. value
$880,000
OFFICE BUILDING
Est. value
$670,000
RETAIL STORES
Est. value
$620,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2007
Heating
YES
Cooling
Yes
Buildings
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
Krillco LLC
Entity
Free & Clear · 19 yrs held
Mailing address
130 CARLISLE ST, HANOVER, PA 17331-2400
Ownership since
2006
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
Nov 21, 2006
—
Krillco LLC
Owner Name Unavailable
Grant Deed
related
—
Sep 4, 1991
—
—
—
Grant 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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