Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Commercial Suite for Lease Title is generated by Realmo AI

    3301 Schoolhouse Ln, Harrisburg, PA 17109

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    1,495 SF suite ideal for daycare, office, or therapy.

    Type:Retail, Office
    Property size:
    1,495 SF
    Added:
    Aug 3, 2024
    Days on Market:
    666
    Last Refresh:
    May 12 at 11:28 pm

    Property Features for 3301 Schoolhouse Ln

    General Information

    Standard status
    Active
    Size
    1,495 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1962

    Spaces For Lease

    at 3301 Schoolhouse Ln Contact us

    Available space Lower Level $13/Mo

    Size
    1,495 SF
    Type
    Retail, Office
    Lower level space with private entrance, ideal for therapist groups, business satellite...
    show more
    Contact us

    We can help!

    Listing Contact
    Sean Fitzsimmons

    Listing agent Sean Fitzsimmons License #PA-RS327513

    Listing office Landmark Commercial Realty

    Listing date Aug 3, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Landmark Commercial Realty

    HighLights

    • Versatile 1,495 SF basement level suite suitable for various uses.
    • Zoned Business, Office, Residential (BOR) offering flexibility.
    • Prime location off North Progress Avenue in Harrisburg, PA.
    • Convenient access to major routes and interstates.
    • Close proximity to local businesses, national retailers, and eateries.
    • Flexible layout to accommodate unique business requirements.

    Overview

    A 1,495 SF basement level suite is available for lease. The property is zoned Business, Office, Residential (BOR) and is suitable for uses such as a daycare, therapy office, or business satellite office. The building is located off North Progress Avenue in Harrisburg, PA, near major routes and interstates, as well as local businesses, national retailers, and eateries. The property is positioned to accommodate various business requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Smith Chiropractic & Wellness ... Alternative Medicine Practice Schappell Edward DC Alternative Medicine Practice Smith Medical Massage Alternative Medicine Practice V3 Fitness Pro Gym & Fitness Center Brandon Jacob Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply 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
    -76.83955
    Latitude
    40.28326

    Nearby Similar for Lease

    • $95,700 SF/Yr

      New Flex/Retail Building Available

      New construction flex/retail space in high-visibility Harrisburg commercial area.
      1750 HIGHLAND Street, HARRISBURG, PA 17113
      View Details
    • $2,100/Mo

      Harrisburg Office Space For Lease

      Office space for lease with frontage on Linglestown Road.
      4401 LINGLESTOWN Road, HARRISBURG, PA 17112
      View Details
    • $14 SF/Yr
      385 SF

      Flexible Office/Retail Space Available

      Bright office/retail suites starting at 385 SF on Jonestown Road.
      4807-4815 Jonestown Road, Harrisburg, PA 17109
      View Details
    • $1,300/Mo

      Visible Office/Retail Space Available

      Cost-effective office/retail space with high visibility in Harrisburg, PA.
      4903 JONESTOWN Road, HARRISBURG, PA 17109
      View Details
    • $14 SF/Yr
      385 SF

      Flexible Office/Retail Space Available

      Bright office/retail suites starting at 385 SF on Jonestown Road.
      4807-4815 Jonestown Road, Harrisburg, PA 17109
      View Details
    • $2,700/Mo
      1,344 SF

      Automotive Garage with Fenced Yard

      1,344 SF automotive garage for rent in Harrisburg, PA.
      3535 N. 6th Street, Harrisburg, PA 17110
      View Details
    • $14 SF/Yr
      4,300 SF

      Historic Office Building Near Capitol

      Multi-tenant office building with Capitol views, various suite sizes.
      236 N. Third Street, Harrisburg, PA 17101
      View Details
    • $18 SF/Yr
      4,500 SF

      Historic Front Street Office Space

      Turn-key office space in a historic Front Street mansion.
      4503 N Front St, Harrisburg, PA
      View Details
    • $1,300/Mo
      409 SF

      Unique Historical Office Building

      Flexible office spaces in downtown Harrisburg with tenant-friendly terms.
      105-107 105 N Front St, Harrisburg, PA
      View Details
    • $1,600/Mo
      5,000 SF

      Affordable Flex Space Available

      Single-story flex/industrial building with private offices, available December 2024.
      3110 Pike Street, Harrisburg, PA 17111
      View Details
    • $15 SF/Yr
      2,000 SF

      Renovated Office Suites For Lease

      Flexible, move-in ready office suites in a convenient location.
      4051 Executive Park Dr, Harrisburg, PA
      View Details
    • $18 SF/Yr
      2,741 SF

      Office Suites on Linglestown Road

      Flexible office suites available in Harrisburg, PA.
      2000 Linglestown Rd, Harrisburg, PA
      View Details

    FAQs

    What type of property is this?
    Office units - 1,495 SF suite ideal for daycare, office, or therapy.
    Where is this office units located?
    The property is located at 3301 Schoolhouse 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: Versatile 1,495 SF basement level suite suitable for various uses.; Zoned Business, Office, Residential (BOR) offering flexibility.; Prime location off North Progress Avenue in Harrisburg, PA.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sean Fitzsimmons
    Real Estate License ID: PA-RS327513
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3301 Schoolhouse Ln, Harrisburg, PA 17109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!