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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Commercial land
1000 Old W Chocolate Ave Hershey, PA 17033-2237
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-1207511
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1969
Total area
13,952 SF
Lot
1.75 ac (76,404 SF)
APN
24-008-023
UPID
US73-1207511
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
$1.68M
Blend (final)
Blend
$1.35M
Owner & transaction history
Derry Township · 2 yrs held
Derry Township
since 2023
7 recorded transactions
Zoning & alternative use
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 Hershey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hershey 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
RETAIL STORES
$2,025,000
Change: -12% · Conversion: Easy
RESTAURANT
$1,970,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±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
$96 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$2,931
Tax year 2023
Assessed value
$101,600
Assessed 2024
Previous assessed
$255,000
-60.2% YoY
Effective rate
2.88%
On assessed value
Assessed land
$101,600
Land market value
$101,600
Total market value
$101,600
Applied tax rate
24.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1969
Heating
NONE
Stories
1
Total area
13,952 SF
Lot
1.75 ac (76,404 SF)
APN
24-008-023
UPID
US73-1207511
Jurisdiction
DAUPHIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$2.0M
RESTAURANT
Est. value
$2.0M
RETAIL STORES
RESTAURANT
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
1969
Heating
NONE
Stories
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Derry Township
Individual
Mailing address
600 CLEARWATER RD, HERSHEY, PA 17033-2453
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
—
Derry Township
Amerco Real Estate Company
Deed
—
Nov 19, 2021
$1,350,000
Amerco Real Estate Company
Richard A Dougherty
Deed
—
Dec 21, 2017
—
Richard A Dougherty
—
Deed
related
$160,000 · Centric Bk NA
—
—
Richard A Dougherty
—
Deed Of Trust
related
$355,000 · Graystone Bank
—
—
Richard A Dougherty
—
Deed Of Trust
related
$500,000 · Centric Bk NA
—
—
Richard A Dougherty
—
Deed Of Trust
related
$245,000 · Graystone Bank
—
—
Richard A Dougherty
—
Deed Of Trust
related
$150,000 · Centric Bk NA
—
—
Richard A Dougherty
—
Deed Of Trust
related
$400,000 · Centric Bk NA
—
—
Richard A Dougherty
—
Deed Of Trust
related
$400,000 · Centric Bk NA
—
—
Dougherty,richard A
—
Deed Of Trust
related
$150,000 · Waypoint Bk
—
—
Richard A Dougherty
—
Deed Of Trust
related
$160,000 · Centric Bk NA
—
—
Richard A Dougherty
—
Deed Of Trust
related
$200,000 · Graystone 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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