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    Property profile & analytics

    7050 Allentown Blvd Harrisburg, PA 17112-3397

    • Warehouses
    • 12,000 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    May 18, 2025
    $925,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2909706
    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

    • Spearhead Gym / Gym
    • Stump Siding & Roofing, LLC / Roofing Contractor
    • Edison Electricians / Electrician
    • Integrity Food Marketing / Food Products Supplier
    • VIrtus Inspections / Home Inspector

    Property Details for 7050 Allentown Blvd

    Year built
    1997
    Lot size
    1.00 lot acres
    Property size
    12,000 SF
    Property type
    Warehouses
    APN
    68-028-085
    APU
    68028085

    Description

    This exceptional 12,000 square foot flex space property at 7050 Allentown Blvd in Harrisburg, Pennsylvania, presents a compelling investment opportunity. The property, built in 1997, is a two-story, Class B building situated on a one-acre lot in Dauphin County (APN: 68-028-085-000-0000) and zoned for Commercial Highway use. Currently 100% occupied across ten units, this multi-tenant building offers significant income potential. Each unit boasts a turnkey office setup, including private offices, in-suite bathrooms, and kitchenettes. The property features a 10-foot ceiling height and ample parking with 37 spaces. Its prime location on busy Route 22 (Jonestown Road), boasting a daily traffic count of 11,203 vehicles, ensures high visibility and accessibility. The property is conveniently located approximately three miles from a major retail shopping corridor and within a 15-minute drive of Grantville, Union Deposit, and Hummelstown, PA. Easy access to Interstates 81 and 83 further enhances its strategic appeal. This is an ideal opportunity for an owner-user or investor seeking a well-maintained, high-traffic commercial property in a thriving Pennsylvania market. The asking price is $995,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.7546
    Latitude
    40.3307
    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
    $9,881
    $21,600
    $358,200
    $379,800
    -
    $21,600
    $358,200
    $379,800

    Comparable in this City

    • Value Estimation
      $470,000
      15,540 SF

      5706 Jonestown Rd

      WAREHOUSE, STORAGE • 15,540 SF
      5706 Jonestown Rd, Harrisburg, PA 17112-4008
      View Details
    • Value Estimation
      $1,055,000
      46,000 SF

      5550 Allentown Blvd

      WAREHOUSE, STORAGE • 46,000 SF
      5550 Allentown Blvd, Harrisburg, PA 17112-4037
      View Details
    • Value Estimation
      $510,000
      21,850 SF

      1st Linglestown Rd

      WAREHOUSE, STORAGE • 21,850 SF
      1st Linglestown Rd, Harrisburg, PA 17112
      View Details
    • Value Estimation
      $265,000
      3,300 SF

      901 Crosby St

      WAREHOUSE, STORAGE • 3,300 SF
      901 Crosby St, Harrisburg, PA 17112-1725
      View Details
    • Value Estimation
      $255,000
      5,160 SF

      6691 Allentown Blvd

      WAREHOUSE, STORAGE • 5,160 SF
      6691 Allentown Blvd, Harrisburg, PA 17112-3308
      View Details
    • Value Estimation
      $250,000
      4,130 SF

      5926 Linglestown Rd

      WAREHOUSE, STORAGE • 4,130 SF
      5926 Linglestown Rd, Harrisburg, PA 17112-1126
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • $6 SF/Yr
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      Harrisburg Flex Warehouse for Lease

      29,000 SF flex warehouse with excellent highway access.
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      Office/Warehouse Flex Space Available

      6,040 SF flex space with easy highway access.
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    • Contact for pricing
      770,000 SF

      Harrisburg Truck Terminal with Expansion

      Truck terminal with 123 trailer spaces, expandable, immediate highway access.
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      View Details
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    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
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