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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Apartment buildings
82nd Hershey Rd, Hummelstown, PA 17036
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-3004472
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2006
Construction
FRAME
Total area
9,300 SF
Lot
15.81 ac (688,684 SF)
APN
56-003-070
UPID
US73-3004472
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
$835k
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.07M
Owner & transaction history
Gardens At Hershey Meadows Ltd · 21 yrs held
Gardens At Hershey Meadows Ltd
since 2005
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+79.1%
Auto repair, garage
$1.5M
+75.8%
Retail stores
$1.4M
+57.0%
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 Hummelstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hummelstown 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
$835,000
CAP Approach
CAP Return
Estimation
6%
$1,235,000
6.5%
$1,140,000
7%
$1,055,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$860,000
Current use
MEDICAL BUILDING
$1,540,000
Change: +79% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,510,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$1,350,000
Change: +57% · Conversion: Difficult
RESTAURANT
$1,310,000
Change: +53% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$975,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$810,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10%
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
$115 / 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
$291,615
Tax year 2023
Assessed value
$10,939,500
Assessed 2024
Previous assessed
$10,939,500
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$676,300
Assessed improvement
$10,263,200
Land market value
$676,300
Improvement market value
$10,263,200
Total market value
$10,939,500
Applied tax rate
56.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
9,300 SF
Lot
15.81 ac (688,684 SF)
APN
56-003-070
UPID
US73-3004472
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$860,000
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$975,000
COMMERCIAL (GENERAL)
Est. value
$810,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
INDUSTRIAL (GENERAL)
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
2006
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
15.81 ac
Current owner
From public records · entity-resolved
Gardens At Hershey Meadows Ltd
Individual
Mailing address
225 PRESIDENTIAL BLVD, BALA CYNWYD, PA 19004-1258
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Feb 1, 2017
—
Gardens At Hershey Meadows Ltd
—
Grant Deed
related
$26,610,000 · Barings Multifamily Cap LLC
May 12, 2005
$1,000,000
Gardens At Hershey Meadows Ltd
Meadows Of Hanover Dev INC
Grant Deed
related
$14,000,000 · National Penn Bank
—
—
At Hanover Terraces
—
Deed Of Trust
related
$18,000,000 · New York Life Insurance
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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