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Property profile & analytics
FOR SALE
Hotels
43 W Areba Ave Hershey, PA 17033
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-5935012
For Sale
$2,100,000
43 W Areba Ave, Hershey, PA 17033
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1950
Total area
1,195 SF
Lot
0.64 ac (27,878 SF)
APN
24-016-108
UPID
US73-5935012
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
Current use
Occupant on record · Public records
-
Rodeway Inn & Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.64M
Owner & transaction history
Santram Motel LLC · 1 yrs held
Santram Motel LLC
since 2024
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,565,000
ML approach
$1,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.64M
Range $1.48M – $1.80M · ±10% · vs last sale $1.75M (May 12 2024)
Last sale anchor
$1.75M
May 12 2024
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
$1,372 / 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
$21,042
Tax year 2023
Assessed value
$729,400
Assessed 2024
Previous assessed
$729,400
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$225,600
Assessed improvement
$503,800
Land market value
$225,600
Improvement market value
$503,800
Total market value
$729,400
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
For Sale
Year built
1950
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
1,195 SF
Lot
0.64 ac (27,878 SF)
APN
24-016-108
UPID
US73-5935012
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
Building & site characteristics
From public records
Year built
1950
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.64 ac
Current owner
From public records · entity-resolved
Santram Motel LLC
Entity
Mailing address
5716 CRICKET LN, BENSALEM, PA 19020-3049
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
$1,750,000
Santram Motel LLC
Devkripa Managements Corporation
Deed
$1,121,250 · Farmers & Merchants Trust Co
Aug 10, 2022
$1,600,000
Devkripa Managements Corporation
Vora INC
Deed
$1,340,000 · Berkshire Bank
Aug 3, 2015
$2,060,000
Vora INC
Mahashachasai INC
Grant Deed
$1,825,000 · Parke Bk
Aug 1, 2007
$2,150,000
Mahashachasai INC
Rathod,shaktisinh & Chandramohini
Grant Deed
$1,700,000 · Graystone Bank
—
—
Shaktisinh Rathod
—
Deed Of Trust
related
$30,000 · Waypoint Bank
—
—
Shaktisinh Rathod
—
Deed Of Trust
related
$1,400,000 · Graystone Bank
—
—
Chandramohini S Rathod
—
Deed Of Trust
related
$125,000 · Waypoint Bank
—
—
Rathod,shaktisinh & Chandramohini
—
Deed Of Trust
related
$50,000 · Waypoint Bk
—
—
Shaktisinh Rathod
—
Deed Of Trust
related
$50,000 · Graystone Bank
—
—
Shaktisinh Rathod
—
Deed Of Trust
related
$250,000 · Sovereign Bank
—
—
Shaktisinh Rathod
—
Deed Of Trust
related
$267,490 · Sovereign Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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