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Property profile & analytics
OFF-MARKET
Estimated value
$12,190,000
Flex space
860 Gitts Run Rd Hanover, PA 17331-8123
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-1955025
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1995
Total area
143,998 SF
Lot
21.94 ac (955,881 SF)
Zoning code
I
APN
44-000-ED-0035.J0-00000
UPID
US73-1955025
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
-
Kemtec Science Department Store
-
AquaPhoenix Scientific Industrial Manufacturer Production Facility
-
L & H Trucking Co Inc Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.93M
Comparable Approach
Comparable
$15.24M
Blend (final)
Blend
$12.19M
Owner & transaction history
860 Gitts Run Road LP · 10 yrs held
860 Gitts Run Road LP
since 2016
6 recorded transactions
Zoning & alternative use
I · Hanover, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$18.9M
+119.4%
Restaurant
$17.1M
+98.6%
Commercial (general)
$16.1M
+86.8%
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%
$14,005,000
6.5%
$12,925,000
7%
$12,005,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,635,000
Current use
AUTO REPAIR, GARAGE
$18,935,000
Change: +119% · Conversion: Easy
RESTAURANT
$17,140,000
Change: +99% · Conversion: Difficult
COMMERCIAL (GENERAL)
$16,125,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$15,840,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$12,085,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$11,160,000
Change: +29% · Conversion: Moderate
WAREHOUSE, STORAGE
$11,075,000
Change: +28% · Conversion: Easy
Blend value · Realmo final
$12.19M
Range $10.97M – $13.41M · ±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
$85 / 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
$241,182
Tax year 2024
Assessed value
$7,156,740
Assessed 2024
Previous assessed
$4,972,240
+43.9% YoY
Effective rate
3.37%
On assessed value
Assessed land
$548,970
Assessed improvement
$6,607,770
Land market value
$548,970
Improvement market value
$6,607,770
Total market value
$7,156,740
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
1995
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
143,998 SF
Lot
21.94 ac (955,881 SF)
Zoning code
I
APN
44-000-ED-0035.J0-00000
UPID
US73-1955025
Jurisdiction
YORK
Zoning & alternative use
I · Hanover, PAZoning I · permitted uses
I · 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
$8.6M
AUTO REPAIR, GARAGE
Est. value
$18.9M
RESTAURANT
Est. value
$17.1M
COMMERCIAL (GENERAL)
Est. value
$16.1M
MEDICAL BUILDING
Est. value
$15.8M
OFFICE BUILDING
Est. value
$12.1M
RETAIL STORES
Est. value
$11.2M
WAREHOUSE, STORAGE
Est. value
$11.1M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
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
1995
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
21.94 ac
Current owner
From public records · entity-resolved
860 Gitts Run Road LP
Entity
Mailing address
860 GITTS RUN RD, HANOVER, PA 17331-8123
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
—
860 Gitts Run Road LP
—
Deed
related
$6,889,893 · Acnb Bank
Jun 30, 2017
—
860 Gitts Run Road LP
—
Deed
related
$546,771 · Acnb Bk
Mar 31, 2016
$5,850,000
860 Gitts Run Road LP
Srs Leasing II Gitts Run LP
Deed
$3,560,800 · Acnb Bank
Apr 27, 2011
$3,569,276
Srs Leasing II-gitts Run LP
Longstreth,glenn A
Grant Deed
—
Dec 29, 2010
—
Glenn A Longstreth
Longstreth,glenn A
Quit Claim Deed
related
—
—
—
860 Gitts Run Road LP
—
Deed Of Trust
related
$546,771 · Acnb Bk
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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