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    1130 Mae St Hummelstown, PA 17036
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    1130 Mae St, Hummelstown, PA 17036

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    • Neighborhood centers
    • 227,558 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Weis Markets / Grocery & Convenience Store / Food Market
    • Weis Pharmacy / Pharmacy
    • Amazon Locker - Wholesale / Postal Service / Courier Service
    • Western Union / Bank / Credit Union
    • Coinstar / Bank / Credit Union

    Property Details for 1130 Mae St

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Hershey Square Shopping Center, located at 1130 Mae St, Hummelstown, PA 17036, presents a prime retail opportunity. This multi-anchored shopping center boasts a total of 227,558 square feet on a 28.48-acre lot in Dauphin County. Currently, one retail space of 2,500 square feet is available. The center enjoys a highly desirable location, situated directly off Hersheypark Drive (25,000 cars per day), providing excellent visibility and accessibility with two access points. Its strategic placement within the heart of Hershey's entertainment, medical, and educational campuses creates a high barrier to entry for competitors. The center is anchored by Weis Markets and features a strong lineup of national co-tenants including Panera Bread, TJ Maxx, Planet Fitness, Five Guys, Five Below, Big Lots, Visionworks, and Chipotle. This established center serves as the primary shopping destination for the Hummelstown/Hershey market, ensuring consistent high foot traffic and strong sales potential for prospective tenants. The property's size and tenant mix offer a compelling investment opportunity within a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hummelstown
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.6861
    Latitude
    40.2701

    Comparable in this City

    • Value Estimation
      $13,230,000
      64,878 SF

      233 Hershey Rd

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      0.13 Acres

      28 Railroad St

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      343 Crooked Hl Rd

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      343 Crooked Hl Rd, Hummelstown, PA 17036-7349
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    • Value Estimation
      $1,825,000
      3,160 SF

      Hershey Park Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      Hershey Park Dr, Hummelstown, PA 17036
      View Details

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      Hummelstown Automotive/Retail Property For Sale

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    Similar Nearby for Lease

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      Grocery Anchored Retail Opportunity

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      Prime Retail Space in Hummelstown

      Well-located shopping center in the heart of Hershey's entertainment area.
      1130 Mae St, Hummelstown, PA 17036
      View Details
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      Hummelstown Pad Site For Lease

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      Commercial land for lease with high visibility and frontage.
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      3,000 SF

      Hummelstown Professional Office Space

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    • $1.00 SF/Yr
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      Hummelstown Office Space Available

      Shared executive suites or private offices in Hummelstown, Pennsylvania.
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    1130 Mae St
    Hummelstown, PA 17036
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1130 Mae St, Hummelstown, PA, 17036
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