Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Retail space
805 State St Hamburg, PA 19526-1248
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-3900833
Property summary
AI-generated overview
This exceptional 1.43-acre commercial land parcel, located at 805 State St, Hamburg, PA 19526, presents a unique investment opportunity. Boasting 43,000 square feet and 300 feet of frontage on State Street, this property offers excellent visibility and accessibility. The site is zoned VC Borough and Village Center — Commercial/Residential (details available at https://ecode360.com/27631351), allowing for a diverse range of development possibilities. Previous plans included a 5,000 square foot restaurant, showcasing the site's potential. The property includes 41 existing parking spaces and benefits from readily available public utilities. The seller is open to various development scenarios, including land lease, joint venture, or build-to-suit agreements. Lease pricing and terms are flexible and will be determined based on the specific project and the level of landlord capital contribution. This prime location in the Reading, Allentown submarket makes it an ideal site for a variety of commercial or residential ventures. The cross street is Franklin St.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1933
Construction
FRAME
Total area
7,213 SF
Lot
1.43 ac (62,291 SF)
APN
4495-18-31-4744
UPID
US73-3900833
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
$775k
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$810k
Owner & transaction history
Fama Properties LLC · 5 yrs held
Fama Properties LLC
since 2021
Last sale
$825,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+300.9%
Auto repair, garage
$770,000
+166.6%
Office building
$700,000
+142.7%
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 Hamburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamburg 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
$805,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
$1,220,000
6.5%
$1,125,000
7%
$1,045,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,160,000
Change: +301% · Conversion: Difficult
AUTO REPAIR, GARAGE
$770,000
Change: +167% · Conversion: Difficult
OFFICE BUILDING
$700,000
Change: +143% · Conversion: Easy
RESTAURANT
$645,000
Change: +123% · Conversion: Easy
WAREHOUSE, STORAGE
$505,000
Change: +75% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $825k (Jul 22 2021)
Last sale anchor
$825k
Jul 22 2021
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
$112 / 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
$5,419
Tax year 2024
Assessed value
$312,400
Assessed 2024
Previous assessed
$109,500
+185.3% YoY
Effective rate
1.73%
On assessed value
Assessed land
$74,600
Assessed improvement
$237,800
Land market value
$74,600
Improvement market value
$237,800
Total market value
$312,400
Applied tax rate
46.0000
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
Off-Market
Year built
1933
Construction
FRAME
Heating
NONE
Buildings
3
Stories
2
Units
8
Total area
7,213 SF
Lot
1.43 ac (62,291 SF)
APN
4495-18-31-4744
UPID
US73-3900833
Jurisdiction
BERKS
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
$1.2M
AUTO REPAIR, GARAGE
Est. value
$770,000
OFFICE BUILDING
Est. value
$700,000
RESTAURANT
Est. value
$645,000
WAREHOUSE, STORAGE
Est. value
$505,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
WAREHOUSE, STORAGE
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
1933
Construction
FRAME
Heating
NONE
Stories
2
Buildings
3
Units
8
Lot
1.43 ac
Current owner
From public records · entity-resolved
Fama Properties LLC
Entity
Mailing address
250 SKYLINE DR, READING, PA 19606-8529
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
$825,000
Fama Properties LLC
Salvatore Flore
Deed
$660,000 · Lebanon FCU
May 21, 2009
—
Salvatore Fiore
Fiore,salvatore & Rosa A
Quit Claim 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.
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?”
You own 805 State St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
