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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 3rd St Hamburg, PA 19526

    • Retail space
    • 20,494 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    $490,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1230317
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 2 3rd St

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.24 lot acres
    Property size
    20,494 SF
    Property type
    Retail space
    APN
    4494-05-09-5830
    APU
    449405095830

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $427,000
      Market price range: $428k - $1.12M
      AI Estimate
      $517,000
      Market price range: $517k - $1.11M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $820,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hamburg
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9843
    Latitude
    40.5547
    CBSA code
    39740
    CBSA name
    READING, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,316
    $54,000
    $79,500
    $133,500
    -
    $54,000
    $79,500
    $133,500

    Comparable in this City

    • Value Estimation
      $215,000
      6,630 SF

      319 State St

      RETAIL STORES (PERSONAL SERVICES) • 6,630 SF
      319 State St, Hamburg, PA 19526-1801
      View Details
    • Value Estimation
      $220,000
      20,980 SF

      5661 Old Rte 22

      RETAIL STORES (PERSONAL SERVICES) • 20,980 SF
      5661 Old Rte 22, Hamburg, PA 19526
      View Details
    • Value Estimation
      $260,000
      3,699 SF

      214 Prt Clinton Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,699 SF
      214 Prt Clinton Ave, Hamburg, PA 19526-1533
      View Details
    • Value Estimation
      $225,000
      5,556 SF

      16403 Pottsville Pike

      RETAIL STORES (PERSONAL SERVICES) • 5,556 SF
      16403 Pottsville Pike, Hamburg, PA 19526-8102
      View Details
    • Value Estimation
      $640,000
      24,271 SF

      2 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 24,271 SF
      2 2nd St, Hamburg, PA 19526
      View Details
    • Value Estimation
      $285,000
      5,760 SF

      21 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 5,760 SF
      21 3rd St, Hamburg, PA 19526-1803
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Development Opportunity, High Visibility

      Retail development opportunity with high visibility and strong neighboring tenants.
      70 Wilderness Trl Rd, Hamburg, PA 19526
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    • Contact for pricing
      400,000 SF

      Retail Space Near Cabela's Store

      Retail spaces available in dominant shopping center near Cabela's.
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    • $250,000
      4,400 SF

      Former Pub Ready For Revival

      Former pub with multi-unit or mixed-use potential.
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    • $120,000
      2.44 Acres

      Land in Hamburg, Pennsylvania

      2.4-acre lot in Hamburg Area School District.
      1 Berne Rd, Hamburg, PA 19526
      View Details
    • $120,000
      1.98 Acres

      Residential Land in Hamburg, PA

      1.98-acre lot in Hamburg Area School District, build your dream home.
      3 Hex Hwy, Hamburg, PA 19526
      View Details
    • Contact for pricing

      Hamburg Commercial Land Parcel

      2.5-Acre Outparcel for Lease
      70 Wilderness Trl, Hamburg, PA 19526
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      11,156 SF

      Former Retail Building in Hamburg

      Single-story 11,156 SF retail building in Hamburg, Pennsylvania.
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      View Details
    • Contact for pricing
      5,426 SF

      Freestanding Restaurant Opportunity on Route 61

      Former Boston Market with high visibility and ample parking.
      140 Wilderness Trl, Hamburg, PA 19526
      View Details
    • Contact for pricing
      99,580 SF

      Hamburg Square Retail Center

      Prime PA Retail Space Available
      500 Hawk Ridge Dr, Hamburg, PA 19526
      View Details
    • Contact for pricing
      15,000 SF

      Prime Hamburg Medical Office Space

      Versatile medical/commercial space available.
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      252,448 SF

      Hamburg Industrial Property For Lease

      252,448 square foot industrial property in Hamburg, Pennsylvania.
      100 Industrial Dr, Hamburg, PA 19526
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    • $1,800 /Mo
      1,134 SF

      Hamburg Townhome Rental Available

      Townhome for rent in Hamburg Schools with 3 bedrooms.
      311 Northmont Ave, Hamburg, PA 19526
      View Details
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    2 3rd St
    Hamburg, PA 19526
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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