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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Medical Office Space
1220 Chocolate Ave Hershey, PA 17033-1221
Entity Owned
8-yr Hold
Free & Clear
Property ID
US73-5992621
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Total area
3,358 SF
Lot
0.36 ac (15,529 SF)
APN
24-006-171
UPID
US73-5992621
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
-
Dr. Byung Joo Dental Office
-
Shaun Christian Bortel Dental Office
-
Miller Oral Surgery Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$480k
Blend (final)
Blend
$520k
Owner & transaction history
Mos Real Estate LP · 8 yrs held
Mos Real Estate LP
since 2018
6 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
MEDICAL BUILDING
$555,000
Current use
COMMERCIAL (GENERAL)
$555,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$545,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$485,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$155 / 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
$15,200
Tax year 2023
Assessed value
$526,900
Assessed 2024
Previous assessed
$526,900
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$89,100
Assessed improvement
$437,800
Land market value
$89,100
Improvement market value
$437,800
Total market value
$526,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2019
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
3,358 SF
Lot
0.36 ac (15,529 SF)
APN
24-006-171
UPID
US73-5992621
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
MEDICAL BUILDING Current
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$545,000
RETAIL STORES
Est. value
$485,000
MEDICAL BUILDING Current
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
2019
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Mos Real Estate LP
Entity
Free & Clear · 8 yrs held
Mailing address
400 NATIONWIDE DR, HARRISBURG, PA 17110-9752
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2018
—
Mos Real Estate LP
—
Grant Deed
related
$1,277,180 · Fulton Bk NA
Jul 19, 2018
—
Mos Real Estate LP
Mos Real Estate LP
Quit Claim Deed
—
Jul 17, 2007
$219,900
Mos Real Estate L P
Frederick Chevrolet Cadia
Warranty Deed
$175,920 · Lebanon Valley Farms Bk
Jan 10, 2007
$1,500,000
Chevrolet-cadillac I Frederick
Andan Realty Associates
Grant Deed
$1,550,000 · Gmac Mortgage Corp
Jan 6, 2004
$323,450
Clifford C Myers
Dauphin Cnty Indl Dev Authori
Grant Deed
—
Aug 18, 2003
$1,050,000
Andan Realty Associates
Laurenzo,frederick C
Grant Deed
$3,000,000 · Michael Piazza
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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