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    Property profile & analytics

    520 Hershey Ave Lancaster, PA 17603-5702

    • Grocery and convenience stores
    • 2,604 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $485,000
    Location Intelligence
    Property ID
    US73-1817347
    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

    • Turkey Hill / Gas Station / Atm
    • Western Union / Money Transfer Service
    • PNC ATM / Atm

    Property Details for 520 Hershey Ave

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.28 lot acres
    Property size
    2,604 SF
    Zone code
    C2
    Property type
    Grocery and convenience stores
    APN
    338-18500-0-0000
    APU
    3381850000000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $450,000

    • CAP approach

      CAP return
      Estimation
      6%
      $550,000
      6.5%
      $580,000
      7%
      $560,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $545,000
      Geo Method
      $665,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $665,000
      Retail
      $665,000
      Mixed-Use
      $565,000
      Hospitality
      $525,000
      Educational
      $650,000
      Residential Income
      $520,000
      Energy
      $680,000
      Income-Based Land
      $680,000
      Food Service
      $625,000

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.3157
    Latitude
    40.0236
    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
    $14,170
    $64,800
    $293,300
    $358,100
    -
    $64,800
    $293,300
    $358,100

    Comparable in this City

    • Value Estimation
      $465,000
      1,680 SF

      6720 Columbia Ave, Unit 1704

      CONVENIENCE STORE • 1,680 SF
      6720 Columbia Ave, Lancaster, PA 17603
      View Details
    • Value Estimation
      $395,000
      4,549 SF

      332 12th S Queen St

      CONVENIENCE STORE • 4,549 SF
      332 12th S Queen St, Lancaster, PA 17603-5344
      View Details
    • Value Estimation
      $270,000
      2,841 SF

      640 Queen St

      CONVENIENCE STORE • 2,841 SF
      640 Queen St, Lancaster, PA 17603-5689
      View Details
    • Value Estimation by Request
      2,666 SF

      1349 Millersville Pike

      CONVENIENCE STORE • 2,666 SF
      1349 Millersville Pike, Lancaster, PA 17603-6613
      View Details
    • Value Estimation by Request
      15,912 SF

      257 Centerville Rd

      CONVENIENCE STORE • 15,912 SF
      257 Centerville Rd, Lancaster, PA 17603-4059
      View Details
    • Value Estimation by Request
      5,357 SF

      200 Rohrerstown Rd

      CONVENIENCE STORE • 5,357 SF
      200 Rohrerstown Rd, Lancaster, PA 17603-2231
      View Details

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    Similar Nearby for Lease

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      Mixed-Use Complex with Commercial Space

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    • Contact for pricing
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      Lancaster Retail Space For Rent

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      Highly visible retail space in established shopping center for lease.
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      Office, flex, and retail space available for lease.
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      Downtown Lancaster Retail Space Available

      Retail space in central Lancaster with unique features and included utilities.
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      Wheatland Shopping Center: Retail Spaces

      Lancaster County retail center; high traffic, two spaces available.
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      View Details

    Property Visit Statistics

    • Visits by month
      31.9k
    • Visitors by month
      13.5k
    • Avg Time on site
      6 min
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    Lancaster, PA 17603-5702
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    Realmo Value Estimation

    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.

    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.

    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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