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Property profile & analytics
FOR LEASE
Retail space
62 Hershey Rd Elizabethtown, PA 17022
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-4320721
For Lease
1 / 8
Contact for pricing
62 Hershey Rd, Elizabethtown, PA 17022
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Total area
3,354 SF
Lot
0.83 ac (36,155 SF)
APN
460-80259-0-0000
UPID
US73-4320721
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
by Request
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$445k
Blend (final)
Blend
$540k
Owner & transaction history
Francesco Bellia · 1 yrs held
Francesco Bellia
since 2025
Last sale
$550,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$675,000
+26.6%
Auto repair, garage
$560,000
+4.6%
Commercial (general)
$535,000
+0.4%
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 Elizabethtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabethtown 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$660,000
6.5%
$605,000
7%
$565,000
Alternative Use
Use
Estimation
RETAIL STORES
$535,000
Current use
MEDICAL BUILDING
$675,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$560,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$535,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $550k (Mar 12 2025)
Last sale anchor
$550k
Mar 12 2025
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
$161 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$9,444
Tax year 2024
Assessed value
$373,000
Assessed 2024
Previous assessed
$373,000
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$166,000
Assessed improvement
$207,000
Land market value
$166,000
Improvement market value
$207,000
Total market value
$373,000
Applied tax rate
460.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1947
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
3,354 SF
Lot
0.83 ac (36,155 SF)
APN
460-80259-0-0000
UPID
US73-4320721
Jurisdiction
LANCASTER
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
RETAIL STORES Current
Est. value
$535,000
MEDICAL BUILDING
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$560,000
COMMERCIAL (GENERAL)
Est. value
$535,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1947
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Francesco Bellia
Individual
Mailing address
1905 COLONIAL RD, HARRISBURG, PA 17112-1408
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
$550,000
Francesco Bellia
First Commonwealth Bank
Special Warranty Deed
$440,000 · The Ephrata National Bank
Jan 9, 2025
$490,000
First Commonwealth Bank
Mahadeva Real Estate Holdings LLC
Deed
related
—
Nov 25, 2015
$525,000
Mahadeva R & E Holdings LLC
English,nicholas
Grant Deed
$1,150,000 · Centric Bk NA
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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