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Property profile & analytics
OFF-MARKET
Estimated value
$7,000,000
Industrial properties
525 Chocolate Ave Rear Hershey, PA 17033-1600
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-2380501
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1940
Total area
29,106 SF
Lot
3.26 ac (142,006 SF)
APN
24-009-046
UPID
US73-2380501
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.00M
Owner & transaction history
Hss Property Group LLC · 2 yrs held
Hss Property Group LLC
since 2024
Last sale
$7.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.8M
+58.1%
Commercial (general)
$4.8M
+58.0%
Auto repair, garage
$4.7M
+55.2%
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
$7,000,000
ML approach
$7,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,820,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,815,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,730,000
Change: +55% · Conversion: Easy
RETAIL STORES
$4,225,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$7.00M
Range $6.30M – $7.70M · ±10% · vs last sale $7.00M (Jun 3 2024)
Last sale anchor
$7.00M
Jun 3 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
$241 / 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
$40,648
Tax year 2023
Assessed value
$1,409,000
Assessed 2024
Previous assessed
$1,409,000
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$234,500
Assessed improvement
$1,174,500
Land market value
$234,500
Improvement market value
$1,174,500
Total market value
$1,409,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1940
Heating
SPACE
Cooling
YES
Buildings
2
Stories
1
Total area
29,106 SF
Lot
3.26 ac (142,006 SF)
APN
24-009-046
UPID
US73-2380501
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.7M
RETAIL STORES
Est. value
$4.2M
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
3.26 ac
Current owner
From public records · entity-resolved
Hss Property Group LLC
Entity
Mailing address
515 W CHOCOLATE AVE, HERSHEY, PA 17033-1600
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2025
—
Hss Property Group LLC
—
Deed
related
$5,000,000 · The Pa Industrial Development Authority
Jun 3, 2024
$7,000,000
Hss Property Group LLC
Hershey Car Barn LLC
Deed
$5,000,000 · M & T Bank
Mar 7, 2024
—
Hershey Car Barn LLC
—
Deed
related
$500,000 · Hss Property Group LLC
Oct 7, 2020
—
Hershey Car Barn LLC
Hershey Car Barn LLC
Correction Deed
related
—
Dec 17, 2014
$850,000
Hershey Car Barn LLC
Co,hershey
Grant Deed
related
—
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.
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