Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2nd St Hummelstown, PA 17036
    Back to Search
    Property profile & analytics

    2nd St, Hummelstown, PA 17036

    View on Map
    • Apartment buildings
    • 54,421 SF
    • 1.39 lot acres
    Off-Market
    Property ID
    US73-2062800
    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
    $5,235,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2nd St

    Year built
    2015
    Lot size
    1.39 lot acres
    Property type
    Apartment buildings
    APN
    31-030-004
    APU
    31030004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 19, 2021 — 2nd Street Realty Associates LP — Deed · related $23M · Fulton Bank NA
    Aug 18, 2017 — 2nd Street Realty Assocs LP — Grant Deed · related $5.7M · M&t Bk
    Oct 22, 2013 — Street Realty Assocs LP 2nd 2nd Street Realty Assocs LP Quit Claim Deed · related $15.9M · First National Bank Mifflintow
    Jun 11, 2013 $1,000,000 Street Realty Assocs LP 2nd Verdelli Realty Associates LP Grant Deed —
    Oct 4, 2011 — 2nd Street Realty Associates Verdelli Realty Associates Grant Deed · related —
    Oct 17, 2007 $1,357,000 Verdelli Realty Associates Verdelli Farms INC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,215,000
      6.5%
      $6,660,000
      7%
      $6,185,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,663,000
      Market price range: $2.61M - $8.52M
      AI Estimate
      $3,376,000
      Market price range: $1.89M - $4.88M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,030,000
      Current use
      RETAIL STORES
      $7,900,000
      Change: +57% Conversion: Difficult
      RESTAURANT
      $7,675,000
      Change: +53% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $5,700,000
      Change: +13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,745,000
      Change: -6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hummelstown
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.6993
    Latitude
    40.2668
    CBSA code
    25420
    CBSA name
    HARRISBURG-CARLISLE, 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
    2023
    $81,863
    $86,200
    $2,732,200
    $2,818,400
    -
    $86,200
    $2,732,200
    $2,818,400

    Comparable in this City

    • Value Estimation by Request
      1,616 SF

      Hayshed Rd

      APARTMENT HOUSE (5+ UNITS)
      Hayshed Rd, Hummelstown, PA 17036
      View Details
    • Value Estimation
      $1,740,000
      24,852 SF

      531 Alison Dr

      APARTMENT HOUSE (5+ UNITS)
      531 Alison Dr, Hummelstown, PA 17036-1802
      View Details
    • Value Estimation by Request
      8,052 SF

      21 Lilo Ln

      APARTMENT HOUSE (5+ UNITS)
      21 Lilo Ln, Hummelstown, PA 17036-2408
      View Details
    • Value Estimation
      $580,000
      8,268 SF

      1090 Peggy Dr

      APARTMENT HOUSE (5+ UNITS)
      1090 Peggy Dr, Hummelstown, PA 17036-9026
      View Details
    • Value Estimation
      $580,000
      8,268 SF

      1119 Peggy Dr

      APARTMENT HOUSE (5+ UNITS)
      1119 Peggy Dr, Hummelstown, PA 17036-9028
      View Details
    • Value Estimation
      $1,015,000
      8,268 SF

      135 Townsend Dr

      APARTMENT HOUSE (5+ UNITS)
      135 Townsend Dr, Hummelstown, PA 17036-1817
      View Details

    Similar Nearby for Sale

    • $350,000
      2,490 SF

      Classic Duplex with Storage

      Well-located duplex with outbuilding, garage, and essential appliances.
      107-109 East Main St, Hummelstown, PA 17036
      View Details
    • New
      $340,000
      2,490 SF

      Duplex with Detached Two-Car Garage

      Duplex on a 0.14-acre lot with outbuilding and detached two-car garage, offered for sale in Hummelstown.
      107-109 E Main St, Hummelstown, PA 17036
      View Details
    • $250,000
      1.35 Acres

      1.35 Acre Lot in Hummelstown

      1.35-acre lot for a custom luxury home.
      Orchard Rd, Hummelstown, PA 17036
      View Details
    • $250,900
      4.81 Acres

      Prime Land with Golf Course Views

      4.81 acre lot in Farm Crest community.
      Jillian Way, Hummelstown, PA 17036
      View Details
    • $270,900
      1.13 Acres

      Secluded 1.13-Acre Lot

      Private 1.13-acre lot in Hummelstown, PA.
      Jillian Way, Hummelstown, PA 17036
      View Details
    • Contact for pricing
      13,696 SF

      Harrisburg East Shore Office Facility

      Office building near US-322 with flexible layout and natural light.
      8182 Adams Dr, Hummelstown, PA 17036
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land For Lease

      Commercial land for lease with high visibility and frontage.
      605 Hershey Rd, Hummelstown, PA 17036
      View Details
    • Contact for pricing
      3,000 SF

      Hummelstown Professional Office Space

      Move-in ready office space in a thriving commercial corridor.
      134 Sipe Ave, Hummelstown, PA 17036
      View Details
    • Contact for pricing
      52 SF

      Grocery Anchored Retail Opportunity

      Retail space available in high-traffic, grocery-anchored location.
      Middletown Rd & Wood Rd, Hummelstown, PA 17036
      View Details
    • Contact for pricing

      Hummelstown Pad Site For Lease

      1-acre pad site available in busy Hummelstown corridor.
      753 Middletown Rd, Hummelstown, PA 17036
      View Details
    • Contact for pricing

      Hummelstown Pad Site For Lease

      High-visibility pad site available in Stoverdale Commons.
      777 Middletown Rd, Hummelstown, PA 17036
      View Details
    • $1.00 SF/Yr
      3,049 SF

      Hummelstown Office Space Available

      Shared executive suites or private offices in Hummelstown, Pennsylvania.
      1 W Main St, Hummelstown, PA 17036
      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.
    2nd St
    Hummelstown, PA 17036
    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
    2nd St, Hummelstown, PA, 17036
    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!