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Property profile & analytics
FOR LEASE
Office Spaces
1512 E Caracas Ave Hershey, PA 17033
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-5975065
For Lease
1 / 10
$1,375/Mo
1512 E Caracas Ave, Hershey, PA 17033
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1995
Total area
18,112 SF
Lot
1.35 ac (58,806 SF)
APN
24-028-014
UPID
US73-5975065
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
-
Randolph Frey DC Alternative Medicine Practice
-
Whiting-Turner Contracting Co Construction Company General Contractor
-
Sleep Analysis Consultants LLC Medical Clinic
-
Cocoa counseling center Child Psychologist Educational Consultant
-
Dr. Jaeme T. Schwartz-Bogrette, ThD Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.20M
Owner & transaction history
Davis Enterprises LLC · 3 yrs held
Davis Enterprises LLC
since 2022
Last sale
$1.2M
5 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
$1,175,000
ML approach
$1,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Dec 22 2022)
Last sale anchor
$1.20M
Dec 22 2022
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
$66 / 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
$28,638
Tax year 2023
Assessed value
$992,700
Assessed 2024
Previous assessed
$992,700
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$74,600
Assessed improvement
$918,100
Land market value
$74,600
Improvement market value
$918,100
Total market value
$992,700
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1995
Heating
YES
Cooling
YES
Stories
1
Total area
18,112 SF
Lot
1.35 ac (58,806 SF)
APN
24-028-014
UPID
US73-5975065
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
Building & site characteristics
From public records
Year built
1995
Heating
YES
Cooling
Yes
Stories
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Davis Enterprises LLC
Entity
Mailing address
448 OLD STAGE RD, LEWISBERRY, PA 17339-9564
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
$1,200,000
Davis Enterprises LLC
Sweet Dreams Properties LLC
Deed
$960,000 · Federal Credit Union
Jan 26, 2022
—
Jay R Peifer
Jay R Peifer
Deed
related
—
Aug 9, 2007
$2,000,000
Sweet Dreams Properties LLC
1512 Caracas Associates LLC
Grant Deed
$1,700,000 · Centric Bank NA
Feb 1, 2006
$725,000
1512 Caracas Associates LLC
Manufacturers & Trustaders Trust
Grant Deed
$580,000 · Commerce Bank Harrisburg NA
Aug 16, 2002
$838
Manufacturers & Trustaders Trust Co
High Sheriff Of Dauphin County
Trustees Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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