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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Hotels
1810 Chocolate Ave, Hershey, PA 17033-1123
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-1296239
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1979
Total area
9,625 SF
Lot
0.49 ac (21,540 SF)
APN
24-007-128
UPID
US73-1296239
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
$1.12M
Comparable Approach
Comparable
$870k
Blend (final)
Blend
$995k
Owner & transaction history
Palmdale Hotel Condominium Associat · 3 yrs held
Palmdale Hotel Condominium Associat
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+1.5%
Commercial (general)
$1.6M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,205,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,570,000
Current use
MEDICAL BUILDING
$1,595,000
Change: +2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,590,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,565,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,395,000
Change: -11% · Conversion: Difficult
RESTAURANT
$1,355,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$103 / 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
$21,948
Tax year 2023
Assessed value
$760,800
Assessed 2024
Previous assessed
$760,800
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$129,900
Assessed improvement
$630,900
Land market value
$129,900
Improvement market value
$630,900
Total market value
$760,800
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
1979
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
9,625 SF
Lot
0.49 ac (21,540 SF)
APN
24-007-128
UPID
US73-1296239
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
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
HOTEL/MOTEL Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1979
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Palmdale Hotel Condominium Associat
Individual
Mailing address
1806 E CHOCOLATE AVE, HERSHEY, PA 17033-1123
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2025
—
Chocolate Avenue Hotel LLC
—
Deed
related
$1,650,000 · Linkbank
Sep 29, 2022
—
Palmdale Hotel Condominium Associat
Sweet Hotels LLC
Correction Deed
related
—
Oct 10, 2018
—
Chocolate Avenue Hotel LLC
Chocolate Avenue Hotel LLC
Quit Claim Deed
related
—
Sep 27, 2018
—
Chocolate Avenue Hotel LLC
—
Deed
related
$1,710,000 · Berkshire Bank
May 10, 2017
—
Chocolate Avenue Hotel LLC
—
Deed
related
$1,760,000 · Union Community Bank
Aug 23, 2016
—
Chocolate Ave Hotel LLC
—
Deed
related
$1,200,000 · Union Community Bank
May 21, 2014
$950,000
Chocolate Avenue Hotel LLC
Ruth E Good
Warranty Deed
$660,000 · Integrity Bank
—
—
Chocolate Avenue Hotel LLC
—
Deed Of Trust
related
$241,000 · Members First FCU
—
—
Chocolate Avenue Hotel LLC
—
Deed Of Trust
related
$658,000 · Members First FCU
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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