Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Hotels
1043 Chocolate Ave Hershey, PA 17033-1218
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-5601259
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1955
Total area
4,442 SF
Lot
0.3 ac (13,068 SF)
APN
24-006-120
UPID
US73-5601259
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
Current use
Occupant on record · Public records
-
Travelodge by Wyndham Hershey Hotel & Motel
-
Travelodge by Wyndham Hershey PA Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
$515k
Comparable Approach
Comparable
$457k
Blend (final)
Blend
$540k
Owner & transaction history
Shree Nand LLC · 8 yrs held
Shree Nand LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$735,000
+1.5%
Commercial (general)
$735,000
+1.5%
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
$345,000
CAP Approach
CAP Return
Estimation
6%
$555,000
6.5%
$515,000
7%
$475,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$725,000
Current use
MEDICAL BUILDING
$735,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$735,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$720,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$645,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$122 / 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
$11,540
Tax year 2023
Assessed value
$400,000
Assessed 2024
Previous assessed
$400,000
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$88,600
Assessed improvement
$311,400
Land market value
$88,600
Improvement market value
$311,400
Total market value
$400,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1955
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
4,442 SF
Lot
0.3 ac (13,068 SF)
APN
24-006-120
UPID
US73-5601259
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
HOTEL/MOTEL Current
Est. value
$725,000
MEDICAL BUILDING
Est. value
$735,000
COMMERCIAL (GENERAL)
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$720,000
RETAIL STORES
Est. value
$645,000
HOTEL/MOTEL Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1955
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
Shree Nand LLC
Entity
Mailing address
1043 E CHOCOLATE AVE, HERSHEY, PA 17033-1218
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2018
$1,550,000
Shree Nand LLC
Nidhi-disha LP
Grant Deed
$1,312,500 · Jonestown Bk&tr
Aug 14, 2008
$1,550,001
Nidhi Disha LP
Jigar Patel
Warranty Deed
$1,240,000 · Members 1st Fed Credit Un
Oct 27, 2003
$1,000,000
Patel,jigar & Anuja J
Shaffer,todd L
Grant Deed
$811,200 · Commerce Bk/harrisburg
—
—
Jigar G Patel
—
Deed Of Trust
related
$15,000 · Commerce Bank Harrisburg NA
—
—
Shree Nand LLC
—
Deed Of Trust
related
$50,000 · Jonestown Bk&tr
—
—
Jigar G Patel
—
Deed Of Trust
related
$518,940 · Commerce Bank Harrisburg NA
—
—
Shaffer,todd L
—
Deed Of Trust
related
$620,000 · Mid Penn Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1043 Chocolate Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
