Renovated Office
For Sale
$295,000
Pending
4714 ORCHARD STREET, Harrisburg, PA 17109
Office Park-zoned property with on-site parking and flexibility for office, retail, or personal service operations.
Property Size2,380 SF
Days on Market548
Property Features for 4714 ORCHARD STREET
General Information
Standard status
Pending
Size
2,380 SF
Total Parking Spaces
10
Property subtype
Commercial/Industrial
Zoning
Office Park
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,089
Building Details
Year Built
1924
Year Renovated
2014
Buildings
1
Building Size
2,380 SF
Listing Agency:
Capstone Commercial
(717) 819-2825
Listed By:
Ida McMurray · License #RS209467L
(717) 820-1127
Source:
Exitrealty
Added: Mar 24, 2025
Changed: Sep 2
Last Checked: Sep 15 at 5:53AM
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 Capstone Commercial
Investment Insights
Based on property information with market context.
This 2,380-square-foot commercial building was constructed in 1924 and renovated in 2014. The property is zoned Office Park and was most recently used as a salon, providing an existing commercial setting for office, retail, or personal service uses.
Located at 4714 Orchard St in Harrisburg, PA, the building offers access to major interstates and sits near local and national retailers. Ten on-site parking spaces support daily operations for occupants and visitors.
Located at 4714 Orchard St in Harrisburg, PA, the building offers access to major interstates and sits near local and national retailers. Ten on-site parking spaces support daily operations for occupants and visitors.
Key Highlights
- 2, 380 SF commercial building
- Constructed in 1924 and renovated in 2014
- Zoned for Office Park use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,865
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$477,300
$477.3K
Cap Rate 7%
$340,929
$340.9K
Cap Rate 9%
$265,167
$265.2K
Market Conditions
NOI Build-Up for 2,380 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.7K $15.00/SF
− Vacancy
−$1.6K −$0.68/SF
EGI
$34.1K $14.33/SF
− OpEx
−$10.2K −$4.30/SF
NOI
$23.9K $10.03/SF
Area
Dauphin County, PA
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$477,300
Cap Rate 7%
$340,929
Cap Rate 9%
$265,167
Alternative Uses
Best Use
Office B
$436.9K
$382.3K – $509.8K
NOI $30,585 @ 7.0% cap · market cap 10.37%
Second Best
Retail
$340.9K
$298.3K – $397.8K
NOI $23,865 @ 7.0% cap · market cap 8.09%
Theoretical Best
Specialty Retail
$4.38M
$3.84M – $5.11M
NOI $306,842 @ 7.0% cap · market cap 104.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
Explore this area
Business Placement
Demographics for 17109, PA
25,232
Population
11,808
Households
2.1
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
7.0 sq mi
ZIP Area
3,605
Density / Sq Mi
$70,618
Median Household Income
$42,908
Median Earnings
$1,234
Median Rent
$203,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Office Park-zoned property with on-site parking and flexibility for office, retail, or personal service operations.
Where is this office building located?
The property is located at 4714 ORCHARD STREET Harrisburg, PA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2, 380 SF commercial building; Constructed in 1924 and renovated in 2014; Zoned for Office Park use
