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Property profile & analytics
FOR SALE
Strip malls
Wilson Ave, Hanover, PA 17331
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2525978
For Sale
Contact for pricing
Wilson Ave, Hanover, PA 17331
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2011
Total area
129,869 SF
Lot
44.23 ac (1,926,659 SF)
Zoning code
ID
APN
44-000-ED-0014.00-00000
UPID
US73-2525978
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pennmark Gateway Pp LLC · 3 yrs held
Pennmark Gateway Pp LLC
since 2022
Last sale
$28.7M
5 recorded transactions
Zoning & alternative use
ID · 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
$360,078
Tax year 2024
Assessed value
$10,684,820
Assessed 2024
Previous assessed
$8,442,000
+26.6% YoY
Effective rate
3.37%
On assessed value
Assessed land
$4,805,520
Assessed improvement
$5,879,300
Land market value
$4,805,520
Improvement market value
$5,879,300
Total market value
$10,684,820
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
2011
Heating
STEAM
Cooling
CENTRAL
Buildings
2
Total area
129,869 SF
Lot
44.23 ac (1,926,659 SF)
Zoning code
ID
APN
44-000-ED-0014.00-00000
UPID
US73-2525978
Jurisdiction
YORK
Zoning & alternative use
ID · Hanover, PA
Zoning ID · permitted uses
ID · 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
2011
Heating
STEAM
Cooling
Yes
Buildings
2
Lot
44.23 ac
Current owner
From public records · entity-resolved
Pennmark Gateway Pp LLC
Entity
Mailing address
1000 GERMANTOWN PIKE STE A2, PLYMOUTH MEETING, PA 19462-2481
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
—
Pennmark Gateway Pp LLC
Pennmark Gateway 978 LLC
Deed
$18,000,000 · Citi Real Estate Funding INC
Aug 19, 2021
—
Old Navy LLC
Conewago North Ridge Partners LP
Lease
—
Dec 2, 2010
—
Manufacturers & Trustaders Trust Co
Conewago North Ridge Ptrs LP
Grant Deed
related
—
May 25, 2007
—
Conewago North Ridge Ptrs
Owner Name Unavailable
Grant Deed
related
—
Jan 23, 2007
—
Conewago Contractors INC
Owner Name Unavailable
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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