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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Parking lots & garages
Chestnut St Hanover, PA 17331
Entity Owned
4-yr Hold
Free & Clear
Property ID
US73-3977306
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1947
Total area
4,848 SF
Lot
0.35 ac (15,246 SF)
Zoning code
M
APN
67-000-08-0080.B0-00000
UPID
US73-3977306
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
by Request
Comparable Approach
Comparable
$735k
Blend (final)
Blend
$735k
Owner & transaction history
Hahanover Parking Propco LLC · 4 yrs held
Hahanover Parking Propco LLC
since 2022
1 recorded transaction
Zoning & alternative use
M · Hanover, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$640,000
+31.5%
Commercial (general)
$545,000
+12.0%
Medical building
$535,000
+10.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$485,000
Current use
AUTO REPAIR, GARAGE
$640,000
Change: +32% · Conversion: Difficult
COMMERCIAL (GENERAL)
$545,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$535,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$152 / 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
$2,993
Tax year 2024
Assessed value
$82,380
Assessed 2024
Previous assessed
$82,380
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$42,410
Assessed improvement
$39,970
Land market value
$42,410
Improvement market value
$39,970
Total market value
$82,380
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1947
Heating
HOT WATER
Cooling
NONE
Total area
4,848 SF
Lot
0.35 ac (15,246 SF)
Zoning code
M
APN
67-000-08-0080.B0-00000
UPID
US73-3977306
Jurisdiction
YORK
Zoning & alternative use
M · Hanover, PA
Zoning M · permitted uses
M · 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
PARKING LOT Current
Est. value
$485,000
AUTO REPAIR, GARAGE
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$545,000
MEDICAL BUILDING
Est. value
$535,000
PARKING LOT Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL 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
1947
Heating
HOT WATER
Cooling
Yes
Lot
0.35 ac
Current owner
From public records · entity-resolved
Hahanover Parking Propco LLC
Entity
Free & Clear · 4 yrs held
Mailing address
479 OAK GLN RD, HOWELL, NJ 07731-8932
Ownership since
2022
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
May 10, 2022
—
Hahanover Parking Propco LLC
Hanover Health Care INC
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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