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Property profile & analytics
OFF-MARKET
Estimated value
$3,580,000
Apartment buildings
1800 Lehman St Hershey, PA 17033
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0145006
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Construction
FRAME
Total area
22,804 SF
Lot
1.14 ac (49,658 SF)
APN
24-007-223
UPID
US73-0145006
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
$3.36M
CAP Approach
CAP
$2.79M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.58M
Owner & transaction history
Hershey II Apt Group LLC · 5 yrs held
Hershey II Apt Group LLC
since 2021
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.8M
+79.1%
Commercial (general)
$3.8M
+79.0%
Auto repair, garage
$3.7M
+75.8%
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
$3,250,000
ML approach
$3,360,000
CAP Approach
CAP Return
Estimation
6%
$3,025,000
6.5%
$2,790,000
7%
$2,590,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,775,000
Change: +79% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,775,000
Change: +79% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,705,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$3,310,000
Change: +57% · Conversion: Difficult
RESTAURANT
$3,215,000
Change: +53% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,390,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$3.58M
Range $3.22M – $3.94M · ±10% · vs last sale $4.25M (Mar 25 2021)
Last sale anchor
$4.25M
Mar 25 2021
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
$157 / 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
$23,396
Tax year 2023
Assessed value
$811,000
Assessed 2024
Previous assessed
$811,000
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$250,200
Assessed improvement
$560,800
Land market value
$250,200
Improvement market value
$560,800
Total market value
$811,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
ELECTRIC
Stories
2
Total area
22,804 SF
Lot
1.14 ac (49,658 SF)
APN
24-007-223
UPID
US73-0145006
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
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.7M
RETAIL STORES
Est. value
$3.3M
RESTAURANT
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
INDUSTRIAL (GENERAL)
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
1988
Construction
FRAME
Heating
ELECTRIC
Stories
2
Lot
1.14 ac
Current owner
From public records · entity-resolved
Hershey II Apt Group LLC
Entity
Mailing address
801 BELVEDERE ST, CARLISLE, PA 17013-4002
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
—
Hershey II Apt Group LLC
—
Deed
related
$3,620,000 · Cbre Capital Markets INC
Mar 25, 2021
$4,250,000
Hershey II Apt Group LLC
Grs Properties LLC
Deed
$3,600,000 · Prosper Bank
Jan 4, 2018
$1,837,500
Grs Properties LLC
Scs Ptshp
Grant Deed
—
Feb 23, 2015
—
Scs Ptshp
—
Trustees Deed
related
$455,000 · Riverview Bk
Sep 4, 2009
$1,750,000
Agm Pennsylvania LLC
1750 Lehman Street Assocs
Grant Deed
$1,400,000 · Vist Bank
Mar 5, 2007
$1,165,000
1750 Lehman Street Assocs
Blair,john D
Grant Deed
$932,000 · Sovereign Bank
Feb 4, 2003
$359,800
Blair,john D
Blair,ray C
Grant Deed
related
—
—
—
Agm Pennsylvania LLC
—
Deed Of Trust
related
$190,000 · Vist 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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