Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    406 Hershey Rd Elizabethtown, PA 17022-8630
    Back to Search
    Property profile & analytics

    406 Hershey Rd, Elizabethtown, PA 17022-8630

    View on Map
    • Specialty properties
    • 7,200 SF
    • 1.20 lot acres
    Off-Market
    Property ID
    US73-0287440
    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

    • Specialty properties

    Property Details for 406 Hershey Rd

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    1.20 lot acres
    Zone code
    I-1
    Property type
    Specialty properties
    APN
    460-24464-0-0000
    APU
    4602446400000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 6, 2023 — Little Brown Dog LLC — Deed · related $25k · The Ephrata National Bank
    Nov 9, 2022 — Little Brown Dog LLC — Deed · related $1.5M · The Ephrata National Bank
    Nov 19, 2019 — Little Brown Dog LLC — Deed · related $100k · Branch Banking And Trust Co
    Nov 15, 2018 — Little Brown Dog LLC — Deed · related $1.1M · Branch Bk&tr
    Feb 21, 2017 — Little Brown Dog LLC — Deed · related $20k · Branch Bk&tr
    Jul 30, 2002 — Little Brown Dog LLC Yost,laurie A Grant Deed $380k · Waypoint Bank
    Apr 6, 2001 $130,000 Laurie A Via Hartman,david R & Marilyn F Grant Deed $105k · North American Mortgage
    — — Little Brown Dog LLC — Deed Of Trust · related $1.1M · Branch Bk&tr
    — — Little Brown Dog LLC — Deed Of Trust · related $430k · Susquehanna Bank
    — — Little Brown Dog LLC — Deed Of Trust · related $20k · Branch Bk&tr
    — — Little Brown Dogllc — Deed Of Trust · related $375k · Branch Bk&tr
    — — Little Brown Dog LLC — Deed Of Trust · related $285k · Waypoint Bank

    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
    Elizabethtown
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.6021
    Latitude
    40.1738
    CBSA code
    29540
    CBSA name
    LANCASTER, 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
    $17,718
    $142,000
    $557,800
    $699,800
    -
    $142,000
    $557,800
    $699,800

    Comparable in this City

    • Value Estimation by Request
      6,420 SF

      130 Market St

      FUNERAL HOME
      130 Market St, Elizabethtown, PA 17022-2040
      View Details
    • Value Estimation by Request
      5,814 SF

      126 Maytown Rd

      CHARITABLE ORGANIZATION
      126 Maytown Rd, Elizabethtown, PA 17022-9755
      View Details
    • Value Estimation by Request
      14,034 SF

      18 Market St

      CHARITABLE ORGANIZATION
      18 Market St, Elizabethtown, PA 17022-2025
      View Details
    • Value Estimation
      $5,570,000
      105,616 SF

      Tpke Rd

      CHARITABLE ORGANIZATION
      Tpke Rd, Elizabethtown, PA 17022
      View Details
    • Value Estimation
      $1,170,000
      24,832 SF

      70 Poplar St

      CHARITABLE ORGANIZATION
      70 Poplar St, Elizabethtown, PA 17022-2150
      View Details
    • Value Estimation by Request
      5,711 SF

      240 Hanover St

      CHARITABLE ORGANIZATION
      240 Hanover St, Elizabethtown, PA 17022-1906
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Elizabethtown Commercial Property for Sale

      Commercial property available for purchase in Elizabethtown, Pennsylvania.
      903-905 South Market St, Elizabethtown, PA 17022
      View Details
    • Contact for pricing
      5,900 SF

      Automotive Garage with Rental Income

      Commercial property with automotive garage and leased salon space.
      905 South Market St, Elizabethtown, PA 17022
      View Details
    • Contact for pricing

      Freestanding Building with Strong Tenant

      Freestanding building with Papa John's tenant in Elizabethtown, PA.
      250 S Cherry Aly, Elizabethtown, PA 17022
      View Details
    • New
      $220,000
      1,742 SF

      Elizabethtown Two-Unit Multifamily Property

      Two-unit property in the heart of Elizabethtown, Pennsylvania.
      142 S Poplar St, Elizabethtown, PA 17022
      View Details
    • $395,000
      2,683 SF

      Elizabethtown Freestanding Commercial Building For Sale

      Freestanding building with strong tenant in Elizabethtown, PA.
      250 S Cherry Aly, Elizabethtown, PA 17022
      View Details
    • New
      $165,000
      1.77 Acres

      Scenic Lot in Elizabethtown, PA

      Rare, private 1.77-acre lot for custom home in Elizabethtown.
      Snavely Rd, Elizabethtown, PA 17022
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,320 SF

      Retail Spaces For Lease

      Retail spaces available, ranging from 3,990 to 28,200 SF.
      2267 S Market St, Elizabethtown, PA 17022
      View Details
    • Contact for pricing
      2,055 SF

      Elizabethtown Office Space For Rent

      Single-tenant office property in Elizabethtown Borough available for rent.
      937 S Market St, Elizabethtown, PA 17022
      View Details
    • Contact for pricing

      Elizabethtown Commercial Pad Site

      High-visibility commercial property available for lease in Elizabethtown, PA.
      62 Hershey Rd, Elizabethtown, PA 17022
      View Details
    • Contact for pricing
      16,000 SF

      Retail Spaces Available For Rent

      Retail spaces ranging from 3,990 to 28,200 SF available.
      137 E Harrisburg Ave, Elizabethtown, PA 17022
      View Details
    • Contact for pricing

      Retail Space in Elizabethtown

      Retail space available in centrally located Elizabethtown shopping center.
      1605 S Market St, Elizabethtown, PA 17022
      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.
    406 Hershey Rd
    Elizabethtown, PA 17022-8630
    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
    406 Hershey Rd, Elizabethtown, PA, 17022
    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!