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Property profile & analytics
FOR SALE
Medical Office Space
864 Broadway Hanover, PA 17331
Entity Owned
11-yr Hold
Free & Clear
Property ID
US73-1664346
For Sale
1 / 16
$949,000
864 Broadway, Hanover, PA 17331
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1928
Total area
2,856 SF
Lot
0.37 ac (16,204 SF)
Zoning code
CM
APN
67-000-15-0259.00-00000
UPID
US73-1664346
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
-
Advanced ENT and Allergy - Zaher Srour , MD Physician
-
Advanced Otolaryngology & Alllergy, LLC Medical Clinic Physician
-
Hearing, Balance & Tinnitus Center Medical Clinic Physician
-
Sinus Center of Excellence Medical Clinic Physician
-
Hanover ENT & Allergy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Zms Estates LLC · 11 yrs held
Zms Estates LLC
since 2015
1 recorded transaction
Zoning & alternative use
CM · Hanover, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,325
Tax year 2024
Assessed value
$366,790
Assessed 2024
Previous assessed
$366,790
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$58,500
Assessed improvement
$308,290
Land market value
$58,500
Improvement market value
$308,290
Total market value
$366,790
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1928
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
2,856 SF
Lot
0.37 ac (16,204 SF)
Zoning code
CM
APN
67-000-15-0259.00-00000
UPID
US73-1664346
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.
Building & site characteristics
From public records
Year built
1928
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
0.37 ac
Current owner
From public records · entity-resolved
Zms Estates LLC
Entity
Free & Clear · 11 yrs held
Mailing address
28 FAWN HL RD, HANOVER, PA 17331-8223
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2015
$403,500
Zms Estates LLC
Becker Richard D & Mary E
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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