Add Listing
    For Lease
    • 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

    940 E Park Dr Harrisburg, PA 17111

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Multi-story office building in the East Shore Business District.

    Property size:
    90 SF
    Lot size:
    0.94 Acres

    Property Features for 940 E Park Dr

    General Information

    Size
    90 SF
    Lot size
    0.94 Acres

    We can help!

    Listing Contact
    Nick Martin
    Nick Martin
    Source: Moodyscre

    Listing Agency: Landmark Commercial Realty Listing Agent: Nick Martin

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

    Learn more

    Property Insight Report

    Overview

    East Shore Office Space Available

    This multi-story building, located in the East Shore Business District, offers 19,516 square feet of office space. The property features flexible floorplans suitable for single or multi-tenant occupancy. It includes abundant parking and a private rear entrance. The property is currently configured as a turnkey space ready for immediate occupancy. The building is 90 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bhutanese Community In Harrisburg Association / Organization PPO&S Marketing & Advertising Strand Insurance and Financial ... Insurance Agency Latino Connection Advertising Agency Unique Hearts Home ... Home Health Care Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.815008
    Latitude
    40.274938

    Nearby Similar for Lease

    • $1,300 /Mo

      Visible Office/Retail Space Available

      Cost-effective office/retail space with high visibility in Harrisburg, PA.
      4903 Jonestown Rd, Harrisburg, PA 17109
      View Details
    • $2,100 /Mo
      27,443 SF

      Harrisburg Office Space For Lease

      Office space for lease with frontage on Linglestown Road.
      4401 Linglestown Rd, Harrisburg, PA 17112
      View Details
    • $95,000
      2,117,016 SF

      Harrisburg Office Space For Lease

      Office space for lease in Harrisburg, 15 minutes from city.
      200 Tech Dr, Harrisburg, PA 17112
      View Details
    • $18 SF/Yr
      466,092 SF

      Harrisburg Office Space For Lease

      Office space for lease in Harrisburg, PA. Up to 42,000SF.
      3815 Tecport Dr, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      21,000 SF

      Class A Office Space Harrisburg

      Class A office space in downtown Harrisburg's prestigious building.
      17 North 2Nd St, Harrisburg, PA 17101
      View Details
    • $14 SF/Yr

      Flexible Office/Retail Space Available

      Bright office/retail suites starting at 385 SF on Jonestown Road.
      4807-4815 Jonestown Rd, Harrisburg, PA 17109
      View Details
    • $14 SF/Yr

      Flexible Office/Retail Space Available

      Bright office/retail suites starting at 385 SF on Jonestown Road.
      4807-4815 Jonestown Rd, Harrisburg, PA 17109
      View Details
    • $9 SF/Yr

      Medical/Professional Building with Indoor Pool

      Professional/medical suites with flexible layouts and unique indoor pool.
      450 Powers Ave, Harrisburg, PA 17109
      View Details
    • $6 SF/Yr
      30,000 SF

      Union Deposit Road Office Suites

      Medical and professional office suites available for lease.
      4700 Union Deposit Rd, Harrisburg, PA 17111
      View Details
    • $9 SF/Yr

      Professional/Medical Building with Indoor Pool

      Professional/medical suites with flexible layouts and a unique indoor pool.
      450 Powers Ave, Harrisburg, PA 17109
      View Details
    • $12 SF/Yr

      Modern Office/Flex Space Available

      New construction office/flex space with highway access and flexible layout.
      471 Jplwick Dr, Harrisburg, PA 17111
      View Details
    • $2,700 /Mo

      Automotive Garage with Fenced Yard

      1,344 SF automotive garage for rent in Harrisburg, PA.
      3535 N 6Th St, Harrisburg, PA 17110
      View Details

    FAQs

    What type of property is this?
    Office units - Multi-story office building in the East Shore Business District.
    Where is this office units located?
    The property is located at 940 E Park Dr Harrisburg, PA.
    What are key features of this property?
    This property features: - Turnkey space ready for immediate occupancy.; - Flexible floorplans suitable for single or multi-tenant occupancy.; - Abundant parking.
    (717) 731-1990 Call to check price and availability
    Request Owner's contact information
    940 E Park Dr Harrisburg, PA 17111
    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.
    940 E Park Dr
    Harrisburg, PA 17111
    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
    940 E Park Dr Harrisburg, PA 17111
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Martin
    Nick Martin
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!