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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Day care centers
701 Black Rock Rd Hanover, PA 17331-9321
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-3930293
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1986
Total area
4,992 SF
Lot
4.76 ac (207,346 SF)
Zoning code
RS
APN
44-000-CE-0139.00-00000
UPID
US73-3930293
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
-
Above and Beyond Christian Child Care Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Lamont White Hodings LLC · 1 yrs held
Lamont White Hodings LLC
since 2024
Last sale
$695,000
4 recorded transactions
Zoning & alternative use
RS · Hanover, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$535,000
+89.7%
Auto repair, garage
$495,000
+76.2%
Office building
$420,000
+49.2%
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
$695,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$535,000
Change: +90% · Conversion: Difficult
AUTO REPAIR, GARAGE
$495,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$420,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $695k (Aug 14 2024)
Last sale anchor
$695k
Aug 14 2024
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
$139 / 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
$15,824
Tax year 2024
Assessed value
$469,560
Assessed 2024
Previous assessed
$469,560
+0.0% YoY
Effective rate
3.37%
On assessed value
Assessed land
$239,450
Assessed improvement
$230,110
Land market value
$239,450
Improvement market value
$230,110
Total market value
$469,560
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,992 SF
Lot
4.76 ac (207,346 SF)
Zoning code
RS
APN
44-000-CE-0139.00-00000
UPID
US73-3930293
Jurisdiction
YORK
Zoning & alternative use
RS · Hanover, PA
Zoning RS · permitted uses
RS · 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
COMMERCIAL (GENERAL)
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$495,000
OFFICE BUILDING
Est. value
$420,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.76 ac
Current owner
From public records · entity-resolved
Lamont White Hodings LLC
Entity
Mailing address
5084 MANHEIM RD, GLENVILLE, PA 17329-9430
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2024
$695,000
Lamont White Hodings LLC
Janice N Bortner
Special Warranty Deed
$556,000 · Members 1st FCU
Apr 19, 2022
—
Ricky L Bortner
—
Deed
related
$51,346 · Peoples Bank
Mar 9, 2022
—
Ricky L Bortner
—
Deed
related
$51,346 · Peoples Bank
Jul 25, 2017
$245,000
L Rortner E Ricky
Havover Welsevan Church
Deed
—
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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