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Property profile & analytics
OFF-MARKET
Office Spaces
935 Chocolate Ave Hershey, PA 17033-1216
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0124942
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1961
Construction
FRAME
Total area
1,933 SF
Lot
0.4 ac (17,424 SF)
APN
24-027-051
UPID
US73-0124942
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
-
Joseph M. Grausgruber, DC Alternative Medicine Practice
-
Morrison Brenda Alternative Medicine Practice Spa & Massage Center
-
Move Foward Counseling, LLC Hershey Crisis Center Medical Clinic
-
Ashley Lavender Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Windfall Farm Properties LLC · 3 yrs held
Windfall Farm Properties LLC
since 2023
Last sale
$452,500
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,619
Tax year 2023
Assessed value
$160,100
Assessed 2024
Previous assessed
$160,100
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$94,500
Assessed improvement
$65,600
Land market value
$94,500
Improvement market value
$65,600
Total market value
$160,100
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1961
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,933 SF
Lot
0.4 ac (17,424 SF)
APN
24-027-051
UPID
US73-0124942
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
Building & site characteristics
From public records
Year built
1961
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Windfall Farm Properties LLC
Entity
Mailing address
825 EDEN RD, LANCASTER, PA 17601-4713
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2023
$452,500
Windfall Farm Properties LLC
Ajay Shah
Deed
$518,500 · Truist Bank
Jun 13, 2022
—
Smita Shah
—
Deed
related
$300,000 · Presence Bank
Jun 4, 2021
$375,000
Ajay Shah
My Diya LP
Deed
—
Jun 27, 2019
$345,000
My Diya LP
Grausgruber,joseph M & Holly M
Grant Deed
—
Oct 29, 2018
—
Joseph M Grausgruber
—
Deed
related
$10,000 · Branch Bk&tr
Nov 14, 2006
$286,200
Joseph M Grausgruber
Ioli-strain,shannon
Grant Deed
$268,000 · Graystone Bank
—
—
Joseph M Grausgruber
—
Loan Modification
related
$10,000 · Branch Bk&tr
—
—
Joseph M Grausgruber
—
Deed Of Trust
related
$287,300 · Graystone Bank
—
—
Joseph M Grausgruber
—
Deed Of Trust
related
$25,000 · Graystone Bank
—
—
Joseph M Grausgruber
—
Deed Of Trust
related
$101,000 · Graystone 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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