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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Industrial properties
832 Chocolate Ave Hershey, PA 17033-1213
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0384193
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1920
Construction
FRAME
Total area
3,892 SF
Lot
0.44 ac (19,166 SF)
APN
24-027-031
UPID
US73-0384193
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
Current use
Occupant on record · Public records
-
Leos Bon Voyage Travel Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Gephart Properties LLC · 3 yrs held
Gephart Properties LLC
since 2022
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$645,000
+58.1%
Commercial (general)
$645,000
+58.0%
Auto repair, garage
$635,000
+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
$685,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$645,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$645,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$635,000
Change: +55% · Conversion: Easy
RETAIL STORES
$565,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $700k (Aug 3 2022)
Last sale anchor
$700k
Aug 3 2022
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
$179 / 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
$8,398
Tax year 2023
Assessed value
$291,100
Assessed 2024
Previous assessed
$291,100
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$104,000
Assessed improvement
$187,100
Land market value
$104,000
Improvement market value
$187,100
Total market value
$291,100
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
1920
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,892 SF
Lot
0.44 ac (19,166 SF)
APN
24-027-031
UPID
US73-0384193
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
$645,000
COMMERCIAL (GENERAL)
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$635,000
RETAIL STORES
Est. value
$565,000
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
1920
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Gephart Properties LLC
Entity
Mailing address
245 PARLIAMENT DR, ANNVILLE, PA 17003-9061
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2023
—
Gephart Properties LLC
—
Deed
related
$301,000 · Seda Cog Local Development Corporation
Jan 5, 2023
—
Gephart Properties LLC
—
Deed
related
$362,500 · Fulton Bank NA
Aug 3, 2022
$700,000
Gephart Properties LLC
Lynn A Leo
Deed
$290,000 · Fulton Bank NA
Sep 16, 2016
—
Lynn A Leo
—
Deed
related
$470,000 · Jonestown Bk&tr
—
—
Leo,lynn A
—
Deed Of Trust
related
$384,000 · Northwest Svgs Bk
—
—
Leo,lynn A
—
Deed Of Trust
related
$61,000 · Northwest Svgs Bk
—
—
Lynn A Leo
—
Deed Of Trust
related
$102,467 · Northwest Savings Bank
—
—
Lynn A Leo
—
Deed Of Trust
related
$50,000 · Pennsylvania State Bank
—
—
Lynn A Leo
—
Deed Of Trust
related
$2,500 · Waypoint Bank
—
—
Leo,lynn A
—
Deed Of Trust
related
$176,000 · Waypoint Bk
—
—
Lynn A Leo
—
Deed Of Trust
related
$470,000 · Jonestown Bk&tr
—
—
Lynn A Leo
—
Deed Of Trust
related
$150,000 · Graystone Bank
—
—
Lynn A Leo
—
Deed Of Trust
related
$330,000 · Pennsylvania State Bank
—
—
Lynn A Leo
—
Deed Of Trust
related
$110,000 · Northwest Savings Bank
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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