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Property profile & analytics
OFF-MARKET
Estimated value
$5,600,000
Warehouses
9 Barnhart Dr, Hanover, PA 17331-9589
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-2551130
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
48,500 SF
Lot
4.78 ac (208,217 SF)
Zoning code
I
APN
44-000-21-0009.00-00000
UPID
US73-2551130
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
-
Elsner Tech Center Warehouse & Storage
-
Menchey Music Service Operations Center & Warehouse Publishing House Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.29M
Comparable Approach
Comparable
$6.55M
Blend (final)
Blend
$5.60M
Owner & transaction history
Jl Menchey Family LP · 9 yrs held
Jl Menchey Family LP
since 2017
6 recorded transactions
Zoning & alternative use
I · Hanover, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.4M
+71.0%
Restaurant
$5.8M
+54.8%
Commercial (general)
$5.4M
+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%
$5,725,000
6.5%
$5,285,000
7%
$4,910,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,730,000
Current use
AUTO REPAIR, GARAGE
$6,380,000
Change: +71% · Conversion: Easy
RESTAURANT
$5,775,000
Change: +55% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,430,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$5,335,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$4,070,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$3,760,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$5.60M
Range $5.04M – $6.16M · ±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
$115 / 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
$78,332
Tax year 2024
Assessed value
$2,324,390
Assessed 2024
Previous assessed
$2,324,390
+0.0% YoY
Effective rate
3.37%
On assessed value
Assessed land
$220,280
Assessed improvement
$2,104,110
Land market value
$220,280
Improvement market value
$2,104,110
Total market value
$2,324,390
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
2003
Heating
FORCED AIR
Cooling
CENTRAL
Total area
48,500 SF
Lot
4.78 ac (208,217 SF)
Zoning code
I
APN
44-000-21-0009.00-00000
UPID
US73-2551130
Jurisdiction
YORK
Zoning & alternative use
I · Hanover, PA
Zoning I · permitted uses
I · 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
$3.7M
AUTO REPAIR, GARAGE
Est. value
$6.4M
RESTAURANT
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$5.3M
OFFICE BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$3.8M
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
2003
Heating
FORCED AIR
Cooling
Yes
Lot
4.78 ac
Current owner
From public records · entity-resolved
Jl Menchey Family LP
Entity
Mailing address
2200 MAY APPLE DR, YORK, PA 17402-4983
Ownership since
2017
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
Apr 19, 2017
$2,600,000
Jl Menchey Family LP
Hawk Hill INC
Grant Deed
$2,080,000 · Branch Bk&tr
Sep 15, 2010
—
Hawk Hill INC
—
Trustees Deed
related
$391,500 · Adams County National Bank
—
—
Hawk Hill INC
—
Deed Of Trust
related
$200,000 · Adams County National Bank
—
—
Hawk Hill INC
—
Deed Of Trust
related
$1,349,000 · Adams County National Bank
—
—
Hawk Hill INC
—
Deed Of Trust
related
$200,000 · Adams County Economic Dev Corp
—
—
Hawk Hill INC
—
Deed Of Trust
related
$245,000 · Adams County National Bank
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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