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

    2151 Greenwood St Harrisburg, PA 17104

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $996,000

    Professionally renovated office building with generator and gated parking.

    Property size:
    9,960 SF

    Property Features for 2151 Greenwood St

    General Information

    Size
    9,960 SF

    Building Details

    Year built
    1936

    We can help!

    Listing Contact
    Daniel J. Alderman
    Source: Circommercial

    Listing Agent: Daniel J. Alderman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Office Building with Parking

    This professionally renovated one-story office building, completed in 2020, spans nearly 10,000 square feet and features a spacious, fenced, and gated parking lot. The extensive renovations incorporated high-end features and equipped the premises with a generator to ensure uninterrupted power supply for the data center and emergency lighting. The building offers an open floor plan and private offices. Its location provides convenient access to I-83 and the Capital Beltway in Harrisburg City, Dauphin County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Independent Contractor Automation Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8502159
    Latitude
    40.259316

    Nearby Similar for Sale

    • $495,000
      0.04 Acres

      Versatile Commercial Property in Harrisburg

      Adaptable property suitable for office, residential, or live-work use.
      933 Rose St, Harrisburg, PA 17102
      View Details
    • $599,900
      0.07 Acres

      Renovated Harrisburg Mixed-Use Investment Property

      Fully occupied, renovated 4-unit building near the Capital Complex.
      717 N 2Nd St, Harrisburg, PA 17101
      View Details
    • New
      $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
    • $169,999
      1,893 SF

      Harrisburg Multi-Unit Investment Opportunity

      Two-unit property in Harrisburg with strong income potential.
      43 N 19Th St, Harrisburg, PA 17103
      View Details
    • $374,900
      2,692 SF

      Harrisburg Multifamily Property with Garages

      Two-unit property in Harrisburg with six garages and income potential.
      235 S 29Th 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
    • $269,900
      2,411 SF

      Harrisburg Triplex with Detached Garage

      Three-unit property with detached garage, ideal for investors or owner-occupiers.
      1912 Briggs St, Harrisburg, PA 17103
      View Details

    FAQs

    What type of property is this?
    Office building - Professionally renovated office building with generator and gated parking.
    Where is this office building located?
    The property is located at 2151 Greenwood St Harrisburg, PA.
    What is the asking price?
    The asking price for this property is $996,000.
    What are key features of this property?
    This property features: - One-story office building spanning nearly 10,000 SF.; - Professionally renovated in 2020 with high-end features.; - Generator ensures uninterrupted power supply for data center and emergency lighting.
    (717) 579-2052
    Request Owner's contact information
    2151 Greenwood 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.
    2151 Greenwood 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
    2151 Greenwood 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
    Daniel J. Alderman
    Real Estate License ID: #RS134079A
    (717) 579-2052
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.