Hershey Mixed-Use Commercial
For Sale
Contact for pricing
867 FISHBURN RD, Hershey, PA 17033
0.60 acre lot suitable for commercial, medical, or retail use.
Property Size3,750 SF
Lot Size0.60 Acres
Price / SF$400
Days on Market106
Property Features for 867 FISHBURN RD
General Information
Standard status
Active
Size
3,750 SF
Total Parking Spaces
18
Lot size
0.60 Acres
Property subtype
Retail, Office, Mixed Use
Lease Type
NNN
Building Details
Stories
2
Units
1
Listing Agency:
NAI CIR
(717) 439-9453
Listed By:
Nik Sgagias · License #PA AB069294
Source:
Crexi
Added: May 20
Changed: Aug 28
Last Checked: Aug 31 at 8:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI CIR
Investment Insights
Based on property information with market context.
The property features a 0.60-acre lot in Hershey, Pennsylvania, available for sale or lease. The commercial building is suitable for a medical or traditional office user seeking to establish services in Derry Township. The property is zoned Hershey Mixed-Use, which accommodates various commercial, medical, retail, and professional office uses. The property size is 3,750 square feet.
Key Highlights
- Prime 0.60 acre lot in Hershey, PA.
- Zoned Hershey Mixed‑Use, allowing for various commercial, medical, retail, and professional office uses.
- Ideal for medical or traditional office users.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,563
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$911,260
$911.3K
Cap Rate 7%
$650,900
$650.9K
Cap Rate 9%
$506,256
$506.3K
Market Conditions
NOI Build-Up for 3,750 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$81.0K $21.60/SF
− Vacancy
−$8.1K −$2.16/SF
EGI
$72.9K $19.44/SF
− OpEx
−$27.3K −$7.29/SF
NOI
$45.6K $12.15/SF
Area
Dauphin County, PA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$911,260
Cap Rate 7%
$650,900
Cap Rate 9%
$506,256
Alternative Uses
Best Use
Mixed Use
$650.9K
$569.5K – $759.4K
NOI $45,563 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.91M
$6.04M – $8.06M
NOI $483,469 @ 7.0% cap · market cap 32.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
778
Businesses Nearby
Explore this area
Business Placement
Demographics for 17033, PA
16,414
Population
6,733
Households
2.4
Avg Household Size
40
Median Age
46%
College-Educated
90%
High-School Grad
27.4 sq mi
ZIP Area
599
Density / Sq Mi
$75,093
Median Household Income
$49,389
Median Earnings
$1,311
Median Rent
$340,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 0.60 acre lot suitable for commercial, medical, or retail use.
Where is this mixed-use property located?
The property is located at 867 FISHBURN RD Hershey, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime 0.60 acre lot in Hershey, PA.; Zoned Hershey Mixed‑Use, allowing for various commercial, medical, retail, and professional office uses.; Ideal for medical or traditional office users.
