Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    420 S 21St St Harrisburg, PA 17104

    Sponsored
    For Sale
    $110,000

    Commercial Sale - HARRISBURG, PA

    Type:Office
    Lot size:
    0.13 Acres
    Days on Market:
    24
    Last Refresh:
    Feb 11 at 10:06 am

    Property Features for 420 S 21St St

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    1
    Parking features
    Parking Lot
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1950
    Number of units
    1
    Building materials
    Block, Vinyl Siding

    We can help!

    Listing Contact
    CARLA M KINARD

    John H Walak Real Estate (717) 763-7991

    Listing agent CARLA M KINARD (717) 919-9685 License #RS183132L

    Listing date Jan 19, 2026

    MLS# PADA2047622

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Affordable Office Space with Land

    This modest-sized office space offers an affordable opportunity for small business owners. The property includes 5 rooms, a kitchenette, a powder room, ample storage, and extra land. It is conveniently located just off Derry Street in Harrisburg, in a quiet residential neighborhood. The property could be used for any number of businesses or a church, or even easily converted to a residence. All office and church furniture will convey with the property if it continues to be used as a church. Otherwise, furniture and equipment can be sold at a reasonable price. The lot size is 0.13 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Harrisburg Biblical Counseling Family Counselor

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.85442
    Latitude
    40.26339

    Nearby Similar for Sale

    • $475,000
      0.04 Acres

      Versatile Midtown Harrisburg Commercial Property

      Flexible commercial property suitable for office, residential, or live-work use.
      933 Rose St, Harrisburg, PA 17102
      View Details
    • $395,000
      20,000 SF

      Mixed-Use Property with Retail and Apartments

      Established flower shop with four apartments in Harrisburg, Pennsylvania.
      647 S 29Th St, Harrisburg, PA 17111
      View Details
    • $305,900
      0.01 Acres

      Mixed-Use Property in Downtown Harrisburg

      Turn-key delicatessen with apartment in Harrisburg's vibrant downtown.
      512 North 3Rd St, Harrisburg, PA 17101
      View Details
    • $899,950
      1,764 SF

      Mixed-Use Property in Harrisburg, PA

      Unique investment opportunity with residential and business potential.
      7548 Linglestown Rd, Harrisburg, PA 17112
      View Details
    • $1,200,000
      0.25 Acres

      Historic Harrisburg Building on Riverfront

      Three-story brick building with river views and redevelopment potential.
      213 N Front St, Harrisburg, PA 17101
      View Details
    • $154,999
      1,893 SF

      Harrisburg Multi-Unit Investment Opportunity

      Two-unit property in Harrisburg with cash flow potential.
      43 N 19Th St, Harrisburg, PA 17103
      View Details
    • $355,000
      2,931 SF

      Victorian Multifamily Property in Harrisburg

      Income-producing Victorian in Midtown Harrisburg near downtown amenities.
      2245 N 2Nd St, Harrisburg, PA 17110
      View Details
    • $355,000
      2,946 SF

      Victorian Multifamily Property in Harrisburg

      Income-producing Victorian in Midtown Harrisburg near downtown amenities.
      2243 N 2Nd St, Harrisburg, PA 17110
      View Details
    • $239,900
      2,354 SF

      Harrisburg Two-Unit Income Property

      Two-unit property with income potential near downtown Harrisburg.
      1420 State St, Harrisburg, PA 17103
      View Details
    • $995,000
      8,560 SF

      Harrisburg Apartment Building with River Views

      8-unit apartment building with river views and value-add potential.
      315 N Front St, Harrisburg, PA 17101
      View Details
    • Contact for pricing

      Harrisburg Multifamily Investment Opportunity

      Portfolio of 222 units in 27 buildings in Harrisburg, PA.
      2020 Fulton St, Harrisburg, PA 17111
      View Details
    • New
      $325,000
      1,998 SF

      Midtown Harrisburg Duplex with Parking

      Turnkey duplex in Harrisburg's Midtown Historic District.
      270 Calder St, Harrisburg, PA 17102
      View Details

    FAQs

    What type of property is this?
    Office space - Modest office space with land, suitable for various businesses.
    Where is this office space located?
    The property is located at 420 S 21St St Harrisburg, PA.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: - Affordable office space featuring 5 rooms, kitchenette, and powder room.; - Ample storage and extra land included.; - Convenient location off Derry Street in Harrisburg.
    (717) 919-9685
    Request Owner's contact information
    420 S 21St St Harrisburg, PA 17104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    420 S 21St St
    Harrisburg, PA 17104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    420 S 21St St Harrisburg, PA 17104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    CARLA M KINARD
    Real Estate License ID: RS183132L
    (717) 919-9685
    Learn more
    Google sign-in failed. Please try again or use another login method.