Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    234 State St Hamburg, PA 19526-1823
    Back to Search
    Property profile & analytics

    234 State St, Hamburg, PA 19526-1823

    View on Map
    • Retail space
    • 10,888 SF
    • 0.26 lot acres
    Off-Market
    Property ID
    US73-2863648
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 234 State St

    Year built
    1905
    Lot size
    0.26 lot acres
    Property type
    Retail space
    APN
    4494-05-09-2652
    APU
    449405092652

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    — — Keith W Prutzman — Deed Of Trust · related $100k · Leesport Bank
    — — Keith W Prutzman — Deed Of Trust · related $50k · Leesport Bank
    — — Prutzman,keith W — Deed Of Trust · related $50k · Leesport Bk
    — — Prutzman,keith W — Deed Of Trust · related $50k · Leesport Bk
    — — Prutzman,keith W — Deed Of Trust · related $128k · Leesport Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamburg
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.9853
    Latitude
    40.5543
    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
    $2,264
    $36,200
    $94,300
    $130,500
    -
    $36,200
    $94,300
    $130,500

    Comparable in this City

    • Value Estimation by Request
      1,612 SF

      553 State St

      RETAIL STORES (PERSONAL SERVICES)
      553 State St, Hamburg, PA 19526-1226
      View Details
    • Value Estimation by Request
      4,576 SF

      16 4th St

      RETAIL STORES (PERSONAL SERVICES)
      16 4th St, Hamburg, PA 19526-1256
      View Details
    • Value Estimation by Request
      6,226 SF

      309 Franklin St

      RETAIL STORES (PERSONAL SERVICES)
      309 Franklin St, Hamburg, PA 19526
      View Details
    • Value Estimation by Request
      5,193 SF

      308 State St

      RETAIL STORES (PERSONAL SERVICES)
      308 State St, Hamburg, PA 19526-1802
      View Details
    • Value Estimation by Request
      7,058 SF

      26 3rd St

      RETAIL STORES (PERSONAL SERVICES)
      26 3rd St, Hamburg, PA 19526-1502
      View Details
    • Value Estimation by Request
      14,912 SF

      21 4th St

      RETAIL STORES (PERSONAL SERVICES)
      21 4th St, Hamburg, PA 19526-1201
      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
      View Details
    • Contact for pricing

      Retail Space Near Cabela's Store

      Retail spaces available in dominant shopping center near Cabela's.
      Rte 78 & Rte 61, Hamburg, PA 19526
      View Details
    • $199,900
      4,400 SF

      Hamburg Mixed-Use Remodeling Opportunity

      Mixed-use property with bar, residence potential, and parking.
      1634 Moselem Spring Rd, Hamburg, PA 19526
      View Details
    • Contact for pricing

      Prime Land Near Major Retailers

      Land available near high-traffic retailers, ideal for development.
      70 Wilderness Trl, Hamburg, PA 19526
      View Details
    • Contact for pricing
      252,448 SF

      Hamburg Industrial Property For Lease

      252,448 square foot industrial property in Hamburg, Pennsylvania.
      100 Industrial Dr, Hamburg, PA 19526
      View Details
    • New
      $275,500
      8.05 Acres

      Building Lot with Approved Perc Sites

      Private 8+ acre building lot with three approved perk sites, offering clear path to a traditional country home site.
      Focht Ln, Hamburg, PA 19526
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,156 SF

      Former Retail Building in Hamburg

      Single-story 11,156 SF retail building in Hamburg, Pennsylvania.
      807 S 4Th St, Hamburg, PA 19526
      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

      Retail Space in Hamburg Square

      Retail spaces available in a vibrant shopping center.
      500 Hawk Ridge Dr, Hamburg, PA 19526
      View Details
    • Contact for pricing
      518,140 SF

      Hamburg Warehouse and Distribution Space

      Large industrial property in Hamburg, Pennsylvania, suitable for warehouse use.
      3501 Mountain Rd, Hamburg, PA 19526
      View Details
    • Contact for pricing
      6,000 SF

      Hamburg Industrial Outdoor Storage Facility

      6,000 SF industrial facility with ample outdoor storage.
      27 Feick Industrial Dr, Hamburg, PA 19526
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    234 State St
    Hamburg, PA 19526-1823
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    234 State St, Hamburg, PA, 19526
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!