Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3901 Derry St Harrisburg, PA 17111
    Property profile & analytics

    3901 Derry St, Harrisburg, PA 17111

    View on Map
    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • L Myers Associates / (Bike/Boat/Book/etc) Store / Printing Service
    • RF Fager Co / Plumbing Service / Building Supply
    • Paxtang Kitchen Remodeling Solutions / Hardware & Home Improvement / Interior Design
    • Mina Holdings, LLC / Take-out & Catering
    • Wyman Satterfield and Price / Loan Service

    Property Details for 3901 Derry St

    Year built
    1960
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This Harrisburg, PA industrial property at 3901 Derry St offers 27,768 square feet of vacant space across multiple suites within a 13-suite building. The property, built in 1960, sits on a 6.51-acre lot and is zoned C25 - Commercial/Industrial Misc. The flexible space includes warehouse and distribution capabilities, featuring ceiling heights ranging from 12 to 15 feet. Loading options include three dock-high doors and one drive-in door. The property boasts 3-phase electric power. Available space includes two units ranging from approximately 8,682 to 10,500 square feet, with a maximum contiguous space of approximately 19,182 square feet. A portion of the space is climate-controlled with gas rooftop heating units. An existing office build-out includes three restrooms and a break area

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8194
    Latitude
    40.2575

    Comparable in this City

    • Value Estimation by Request
      13,939 SF

      2900 Sycamore St

      Distribution properties
      2900 Sycamore St, Harrisburg, PA 17111
      View Details
    • Value Estimation by Request
      20,000 SF

      7921 Grayson Rd

      Manufacturing properties
      7921 Grayson Rd, Harrisburg, PA 17111
      View Details
    • Value Estimation by Request
      549,710 SF

      and Interstate 83 Paxton St

      Life science properties
      and Interstate 83 Paxton St, Harrisburg, PA 17111
      View Details
    • Value Estimation by Request
      78,000 SF

      1065 Highspire Rd

      Distribution properties
      1065 Highspire Rd, Harrisburg, PA 17111
      View Details
    • Value Estimation by Request
      13,939 SF

      2900 Sycamore St

      Distribution properties
      2900 Sycamore St, Harrisburg, PA 17111
      View Details
    • Value Estimation
      $1,730,000
      32,110 SF

      5641 Grayson Rd

      WAREHOUSE, STORAGE
      5641 Grayson Rd, Harrisburg, PA 17111-3380
      View Details

    Similar Nearby for Sale

    • $2,775,000

      Versatile Flex/Industrial Building For Sale

      20,380 SF flex/industrial building with high ceilings and natural light.
      3909 Tecport Dr, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      13,939 SF

      2900 Sycamore St, Harrisburg, PA 17111

      Flex space
      2900 Sycamore St, Harrisburg, PA 17111
      View Details
    • $1,175,000

      Modern Flex/Industrial Building For Sale

      11,080 SF flex/industrial building with office/showroom and warehouse space.
      7701 Derry St, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      11,080 SF

      Harrisburg Flex Building For Sale

      11,080 SF flex building with office and warehouse space.
      7701-7703 Derry St, Harrisburg, PA 17111
      View Details
    • $850,000
      4,496 SF

      Versatile Commercial Property on Paxton

      Mixed-use property with retail, office, and warehouse space.
      2515 Paxton St, Harrisburg, PA 17111
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Modern Office/Flex Space Available

      New construction office/flex space with highway access and flexible layout.
      471 Jplwick Dr, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      5,000 SF

      Affordable Flex Space Available

      Single-story flex/industrial building with private offices, available December 2024.
      3110 Pike St, Harrisburg, PA 17111
      View Details
    • Contact for pricing

      Harrisburg Light Industrial Flex Space

      100,000 SF light industrial building in Harrisburg East submarket.
      7917 Derry St, Harrisburg, PA 17111
      View Details
    • Contact for pricing

      Flex Office Building in Harrisburg

      Modern flex/office building in developing East Park Drive corridor.
      353 Markle Dr, Harrisburg, PA 17111
      View Details
    • Contact for pricing

      New Flex/Retail Building Available

      New construction flex/retail space in high-visibility commercial area.
      1750 Highland 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.
    3901 Derry St
    Harrisburg, PA 17111
    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
    3901 Derry St, Harrisburg, PA, 17111
    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!