Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,675,000
Apartment buildings
Rosedale Apartments Hershey, PA 17033
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-3672117
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
FRAME
Total area
45,622 SF
Lot
8.81 ac (383,720 SF)
APN
24-032-047
UPID
US73-3672117
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
$5.59M
Comparable Approach
Comparable
$7.14M
Blend (final)
Blend
$6.68M
Owner & transaction history
Rosedale II Apartments LP · 1 yrs held
Rosedale II Apartments LP
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.6M
+79.1%
Commercial (general)
$7.6M
+79.0%
Auto repair, garage
$7.4M
+75.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,050,000
6.5%
$5,585,000
7%
$5,185,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,220,000
Current use
MEDICAL BUILDING
$7,555,000
Change: +79% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,550,000
Change: +79% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,415,000
Change: +76% · Conversion: Difficult
RETAIL STORES
$6,620,000
Change: +57% · Conversion: Difficult
RESTAURANT
$6,435,000
Change: +53% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,780,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$6.68M
Range $6.01M – $7.34M · ±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
$146 / 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
$164,678
Tax year 2023
Assessed value
$5,708,300
Assessed 2024
Previous assessed
$5,708,300
+0.0% YoY
Effective rate
2.88%
On assessed value
Assessed land
$1,029,800
Assessed improvement
$4,678,500
Land market value
$1,029,800
Improvement market value
$4,678,500
Total market value
$5,708,300
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1971
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
7
Stories
1
Total area
45,622 SF
Lot
8.81 ac (383,720 SF)
APN
24-032-047
UPID
US73-3672117
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
$4.2M
MEDICAL BUILDING
Est. value
$7.6M
COMMERCIAL (GENERAL)
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$7.4M
RETAIL STORES
Est. value
$6.6M
RESTAURANT
Est. value
$6.4M
INDUSTRIAL (GENERAL)
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
INDUSTRIAL (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
1971
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Lot
8.81 ac
Current owner
From public records · entity-resolved
Rosedale II Apartments LP
Entity
Mailing address
600 OLDE HICKORY RD, LANCASTER, PA 17601-4959
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2025
—
Rosedale II Apartments LP
Rosedale II Apartments LP
Deed
related
$19,209,000 · Northmarq Capital Finance LLC
Jun 22, 2020
—
Rosedale II Apartments LP
—
Deed
related
$13,950,000 · Customers Bank
Oct 9, 2017
—
Rosedale II Apartments LP
—
Grant Deed
related
$12,100,000 · Customers Bk
—
—
Rosedale II Apartments LP
—
Deed Of Trust
related
$9,000,000 · Customers Bk
—
—
Rosedale II Apartments LP
—
Deed Of Trust
related
$13,950,000 · Customers Bk
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 Rosedale Apartments?
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.
