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    479 Port View Dr Harrisburg, PA 17111

    Sponsored
    For Sale
    $5,383,545

    Multi-tenant medical office building, high cap rate.

    Property size:
    27,314 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 27,314 square foot, multi-tenant medical/office building in Harrisburg, Pennsylvania. Located at 479 Port View Dr, Dauphin County, zip code 17111, this 2008-built property sits on a 3.49-acre lot and offers a compelling 7.25% cap rate at an asking price of $5,383,545 ($197.10/sq ft). The property features a strong tenant roster, with 71% of the gross leasable area currently occupied by DaVita and PA Cyber Charter School. These tenants are all current on their rent, demonstrating the stability of the investment. The building benefits from a long history of stable tenancy with minimal turnover and a mix of long-term leases. This prime location within the Harrisburg-Carlisle MSA's primary retail corridor is surrounded by investment-grade tenants and new developments, indicating significant future growth potential. A shovel-ready pad is also available for purchase, presenting an additional opportunity for value enhancement. This NNN-leased property offers a secure and attractive investment for qualified buyers seeking a stable, high-performing asset in a thriving market. The property's strategic location and strong tenant base make it an ideal addition to any diversified real estate portfolio.

    Property Features for 479 Port View Dr

    General Information

    Property type
    Medical offices
    Square Feet
    27,314 SF
    Lot Size
    152,024 SF

    Building Details

    Year Built
    2008

    HighLights

    • Prime Harrisburg‑Carlisle retail location.
    • All tenants are current on rent.
    • Excellent tenant mix with investment‑grade neighbors and new developments nearby.
    • DaVita and PA Cyber Charter School occupy 71% of gross leasable area (GLA).
    • Stable tenancy with long‑term leases and low turnover.
    • Development opportunity: shovel‑ready pad site available for purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fisher Unitech Software Company DaVita Paxton Dialysis Dialysis Center DaVita Paxton At Home Dialysis Center M&S EAP Services Business Development Service BDP International Shipping Company

    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
    -76.8234883
    Latitude
    40.2480963

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    FAQs

    What type of property is this?
    Medical office - Multi-tenant medical office building, high cap rate.
    Where is this medical office located?
    The property is located at 479 Port View Dr Harrisburg, PA.
    What is the asking price?
    The asking price for this property is $5,383,545.
    What are key features of this property?
    This property features: Prime Harrisburg-Carlisle retail location.; All tenants are current on rent.; Excellent tenant mix with investment-grade neighbors and new developments nearby.
    Request Owner's contact information
    479 Port View Dr Harrisburg, PA 17111
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    Realmo Value Estimation

    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.

    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.

    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
    479 Port View Dr Harrisburg, PA 17111
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