Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    3429 Derry St Rear Harrisburg, PA 17111-1863

    • Automotive properties
    • 1,330 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3047382
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • CLN Accounting Group / Accountant
    • Propylon Inc / Software Company

    Property Details for 3429 Derry St Rear

    Year built
    1900
    Lot size
    0.06 lot acres
    Property size
    1,330 SF
    Property type
    Automotive properties
    APN
    47-037-010
    APU
    47037010

    Description

    This 1,835 square foot mixed-use property, located at 3429 Derry Street in Harrisburg, Pennsylvania, presents a unique investment opportunity. Built in 1920, this fee-simple owned building offers a blend of commercial and residential potential. The property is zoned "Downtown," allowing for a variety of commercial uses as permitted by the local zoning code. Previously utilized as commercial office space, the layout could easily accommodate a commercial enterprise on a portion of the first floor, with the remainder dedicated to living quarters. The interior features refinished hardwood floors throughout, an updated kitchen, a first-floor half bath, and a second-floor full bath, along with three spacious bedrooms. Two off-street parking spaces in the rear provide convenient parking. Additional unfinished space in the attic and basement offers significant potential for expansion or storage. The property's historic charm is complemented by modern amenities, creating a versatile and attractive offering in the desirable Paxtang community. Asking price is $205,000. The property's versatility and prime location make it an ideal investment for both commercial and residential purposes. Detailed zoning information is available through the local zoning code.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8327
    Latitude
    40.2586
    CBSA code
    25420
    CBSA name
    HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,410
    $9,900
    $28,300
    $38,200
    -
    $9,900
    $28,300
    $38,200

    Comparable in this City

    • Value Estimation
      $750,000
      33,324 SF

      490 Penhar Rd

      VEHICLE SALES, RENTALS • 33,324 SF
      490 Penhar Rd, Harrisburg, PA 17111-2501
      View Details
    • Value Estimation
      $315,000
      7,500 SF

      8011 Paxton St

      VEHICLE SALES, RENTALS • 7,500 SF
      8011 Paxton St, Harrisburg, PA 17111-5430
      View Details
    • Value Estimation
      $405,000
      13,770 SF

      2020 Paxton St

      VEHICLE SALES, RENTALS • 13,770 SF
      2020 Paxton St, Harrisburg, PA 17111-1041
      View Details
    • Value Estimation
      $580,000
      23,510 SF

      3233 Paxton St

      VEHICLE SALES, RENTALS • 23,510 SF
      3233 Paxton St, Harrisburg, PA 17111-1340
      View Details
    • Value Estimation
      $8,230,000
      61,198 SF

      3801 Paxton St

      VEHICLE SALES, RENTALS • 61,198 SF
      3801 Paxton St, Harrisburg, PA 17111-1418
      View Details
    • Value Estimation
      $590,000
      24,072 SF

      4201 Chambers Hl Rd

      VEHICLE SALES, RENTALS • 24,072 SF
      4201 Chambers Hl Rd, Harrisburg, PA 17111-2419
      View Details

    Similar Nearby for Sale

    • $950,000
      3,177 SF

      Restaurant with High-Traffic Location

      3,177 SF restaurant with bar, apartment, and liquor license.
      3791 Derry St, Harrisburg, PA 17111
      View Details
    • $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
    • Contact for pricing
      2.60 Acres

      Harrisburg Industrial Space For Lease

      2,544 SF Flex Space, Excellent Location
      4400 Lewis Rd, Harrisburg, PA 17111
      View Details
    • $1,700,000
      11,080 SF

      Modern Flex Building in Harrisburg

      11,080 SF flex building with office and warehouse space.
      7701 Derry St, Harrisburg, PA 17111
      View Details
    • $5,383,545
      27,314 SF

      Harrisburg Medical Office Complex

      Multi-tenant medical office building, high cap rate.
      479 Port View Dr, Harrisburg, PA 17111
      View Details
    • $815,000
      13,939 SF

      Harrisburg Industrial Property

      13,939 SF Warehouse/Flex Space, PA
      2900 Sycamore St, Harrisburg, PA 17111
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      4,900 SF

      Automotive Repair Space Available

      4,900 SF corner retail space for automotive repair.
      911-995 Eisenhower Blvd, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      1,824 SF

      Commercial Property with Two-Bay Garage

      Commercial property featuring an office building and a two-bay garage.
      7981 Paxton St, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      1,508 SF

      Retail Space in Harrisburg Center

      Retail space available in a recently renovated shopping center.
      4203-4247 Union Deposit Rd, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      157,414 SF

      East Park Center: Harrisburg Retail

      High-traffic retail center; 3 spaces available.
      4200 Derry St, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      324,332 SF

      4640 High Pointe Blvd

      Restaurants • 324,332 SF
      4640 High Pointe Blvd, Harrisburg, PA 17111
      View Details
    • $14 SF/Yr
      40,654 SF

      Harrisburg Retail Plaza Investment

      Prime Harrisburg retail space, 7 units available.
      3350 Paxton St, Harrisburg, PA 17111
      View Details
    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.
    3429 Derry St Rear
    Harrisburg, PA 17111-1863
    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

    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.