Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3901 Progress Ave Harrisburg, PA 17110
    Property profile & analytics

    3901 Progress Ave, Harrisburg, PA 17110

    View on Map
    • Day care centers
    • 10,417 SF
    • 0.58 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kiddie Academy of Harrisburg / High School / Daycare Center

    Property Details for 3901 Progress Ave

    Year built
    2023
    Lot size
    0.58 lot acres
    Property type
    Day care centers
    Property subtype
    Retail properties & Spaces

    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
    -76.8571
    Latitude
    40.3256

    Comparable in this City

    • Value Estimation by Request
      156,066 SF

      2915 7Th St

      Lifestyle centers
      2915 7Th St, Harrisburg, PA 17110
      View Details
    • Value Estimation by Request
      15,400 SF

      Linglestown Rd

      Lifestyle centers
      0 Linglestown Rd, Harrisburg, PA 17110
      View Details
    • Value Estimation by Request
      113,039 SF

      4402 Oakhurst Blvd

      Neighborhood centers
      4402 Oakhurst Blvd, Harrisburg, PA 17110
      View Details
    • Value Estimation by Request
      1.11 Acres

      4001 Front St

      Land
      4001 Front St, Harrisburg, PA 17110
      View Details
    • Value Estimation by Request
      110,384 SF

      2547 Brindle Dr

      Individual retail properties
      2547 Brindle Dr, Harrisburg, PA 17110
      View Details
    • Value Estimation by Request
      5,220 SF

      Bar/Lounge In Restaurant Row

      Restaurants
      0 Bar/Lounge In Restaurant Row, Harrisburg, PA 17110
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,223 SF

      New Harrisburg Kiddie Academy Prototype

      New 10,417 SF Kiddie Academy on 1.37 acres.
      2650 Gravel Rd, Harrisburg, PA 17110
      View Details
    • $1,675,000
      26,000 SF

      Harrisburg Retail Investment Opportunity

      26,000 SF Flex Building, Prime Location
      4115 6Th St, Harrisburg, PA 17110
      View Details
    • Contact for pricing

      Prime Commercial Development Sites

      High-visibility commercial land along I-81 in Harrisburg, PA.
      1000 Nationwide Dr, Harrisburg, PA 17110
      View Details
    • Contact for pricing

      Upscale Retail Destination Center

      Upscale retail and dining center in Harrisburg, Pennsylvania.
      2547 Brindle Dr, Harrisburg, PA 17110
      View Details
    • Contact for pricing
      13,700 SF

      Office Property with River Views

      Two-story office space with river views and covered parking.
      2745 N Front St, Harrisburg, PA 17110
      View Details
    • Contact for pricing
      33,500 SF

      Flex Industrial Building For Sale

      Multi-purpose flex industrial building with retail, office, and showroom space.
      2975-2980 Jefferson St, Harrisburg, PA 17110
      View Details

    Similar Nearby for Lease

    • $2,700 /Mo

      Automotive Garage with Fenced Yard

      1,344 SF automotive garage for rent in Harrisburg, PA.
      3535 N 6Th St, Harrisburg, PA 17110
      View Details
    • Contact for pricing

      Oakhurst Plaza Retail Space

      Retail shopping center anchored by Gold’s Gym in Harrisburg, PA.
      4402 Oakhurst Blvd, Harrisburg, PA 17110
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space Near Harrisburg

      Retail space available in established Harrisburg shopping center.
      2963-2971 N 7Th St, Harrisburg, PA 17110
      View Details
    • New
      Contact for pricing
      2,500 SF

      Retail Storefront with Pylon Signage

      Prominent pylon signage and convenient roadway access make this storefront well-suited for retail tenants.
      2250-2300 Linglestown Rd, Harrisburg, PA 17110
      View Details
    • Contact for pricing
      3,117 SF

      Upscale Retail Space in Harrisburg

      Retail space in destination shopping and dining center.
      2531-2591 Brindle Dr, Harrisburg, PA 17110
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Harrisburg Center

      Retail space available in established Harrisburg shopping center.
      2913 N 7Th St, Harrisburg, PA 17110
      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 Progress Ave
    Harrisburg, PA 17110
    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 Progress Ave, Harrisburg, PA, 17110
    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!