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

    4601 Locust Ln Harrisburg, PA 17109

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $13 SF/Yr ($932 /Mo)

    Class B office building with suites for small professional users.

    Property size:
    829 SF
    Lot size:
    0.42 Acres

    Property Features for 4601 Locust Ln

    General Information

    Size
    829 SF
    Lot size
    0.42 Acres

    We can help!

    Listing Contact
    Thomas Posavec
    Thomas Posavec
    Source: Moodyscre

    Listing Agent: Thomas Posavec

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

    Learn more

    Property Insight Report

    Overview

    Colonial Park Office Space Available

    Located in the heart of Colonial Park, 4601 Locust Lane is a Class B, multi-tenant office building situated on 0.35 acres. The property offers various suites suitable for small professional users, featuring an excellent layout and good finishes. A small office suite is currently available for immediate lease. The location provides convenient access to Route 22 and Union Deposit dining and amenities, as well as easy access to I-83 and Nyes Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MK Car Rental, ... Car Rental Agency Compassionate Senior Care Home Health Care Service Melanie A. Walborn, MTBC Physical Therapist Sarah Bixler Medical Specialist Smile Homecare, LLC Home Health Care Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.811209
    Latitude
    40.292108

    Nearby Similar for Lease

    • $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
    • $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
    • $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
    • $7 SF/Yr
      41,630 SF

      Harrisburg Warehouse with Ample Parking

      Functional warehouse near UPS Hub with ample parking and loading.
      711 Gibson Blvd, Harrisburg, PA 17104
      View Details
    • $19 SF/Yr
      4,506 SF

      Class A Office Space Available

      Professional office building with easy access to major highways.
      2601 Market Pl, Harrisburg, PA 17110
      View Details
    • $15 SF/Yr
      1,394 SF

      Harrisburg Office Suites For Lease

      First-floor office suites with Susquehanna River views and convenient access.
      3211 N Front St, Harrisburg, PA 17110
      View Details
    • $17 SF/Yr
      9,698 SF

      Historic Riverfront Office Building

      Historic Harrisburg office building with river views and gated parking.
      805 N Front St, Harrisburg, PA 17102
      View Details
    • $6 SF/Yr
      29,000 SF

      Harrisburg Flex Warehouse for Lease

      29,000 SF flex warehouse with excellent highway access.
      6305 Allentown Blvd, Harrisburg, PA 17112
      View Details
    • Contact for pricing
      1,626 SF

      Turn-Key Restaurant Space Available

      Restaurant and retail spaces in Harrisburg's Midtown neighborhood.
      1500-1518 N 6Th St, Harrisburg, PA 17102
      View Details
    • $9 SF/Yr
      64,169 SF

      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
    • $21 SF/Yr
      1,100 SF

      Premium Harrisburg Office Space

      High-profile office space in downtown Harrisburg with river views.
      100 Market St, Harrisburg, PA 17101
      View Details
    • $15 SF/Yr
      2,000 SF

      Medical/Office Space Near I-81

      2,000 SF medical/office space with excellent accessibility and visibility.
      400 Nationwide Dr, Harrisburg, PA 17110
      View Details

    FAQs

    What type of property is this?
    Office space - Class B office building with suites for small professional users.
    Where is this office space located?
    The property is located at 4601 Locust Ln Harrisburg, PA.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Convenient location in the heart of Colonial Park.; - Easy access to Route 22, Union Deposit dining, and amenities.; - Close proximity to I-83 and Nyes Road.
    (717) 731-1990
    Request Owner's contact information
    4601 Locust Ln Harrisburg, PA 17109
    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.
    4601 Locust Ln
    Harrisburg, PA 17109
    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
    4601 Locust Ln Harrisburg, PA 17109
    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
    Thomas Posavec
    Thomas Posavec
    (717) 731-1990
    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.