Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7171 Allentown Blvd Harrisburg, PA 17112
    Back to Search
    Property profile & analytics

    7171 Allentown Blvd Harrisburg, PA 17112

    View on Map
    • Land
    • 10.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • West Hanover Code Enforcement / City Government Office
    • West Hanover Township Municipal Building / City Government Office
    • Kelemen Mary Ann / Business Management Consultant

    Property Details for 7171 Allentown Blvd

    Lot size
    10.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 10-acre property in Harrisburg, Pennsylvania, presents a unique investment opportunity. Located at 7171 Allentown Blvd in Dauphin County, the site boasts a 3,700 square foot, two-story brick office building, perfect for a variety of commercial or industrial uses. The property is zoned for Light Industrial use and includes two additional storage buildings, providing ample space for operations or storage needs. The site also features approximately 58 parking spaces, including 3 handicap-accessible spaces. A significant advantage is the presence of a cell tower, currently leased until 2044, generating supplemental income. The existing municipal office building offers the potential for a short-term leaseback arrangement. This versatile property is ideal for developers seeking a prime location with existing infrastructure and income-generating potential. The property's location in West Hanover Township offers easy access to major transportation routes, making it an attractive option for businesses seeking convenient logistics. The sale will be conducted via sealed bid, with the deadline to be announced. Interested parties should contact the designated point of contact for complete bid package details and a confidentiality agreement.

    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
    -76.7496
    Latitude
    40.3304

    Comparable in this City

    • Value Estimation by Request
      2.76 Acres

      4330 Linglestown Rd

      Individual retail properties • 2.76 Acres
      4330 Linglestown Rd, Harrisburg, PA 17112
      View Details
    • Value Estimation by Request
      2.75 Acres

      155 Hershey Rd

      Land • 10,400 SF
      155 Hershey Rd, Harrisburg, PA 17112
      View Details
    • Value Estimation by Request
      3.30 Acres

      244 Hershey Rd

      Land • 3.30 Acres
      244 Hershey Rd, Harrisburg, PA 17112
      View Details
    • Value Estimation by Request
      1.89 Acres

      Colonial Rd And Winthrop Dr

      Land • 1.89 Acres
      0 Colonial Rd And Winthrop Dr, Harrisburg, PA 17112
      View Details
    • Value Estimation by Request
      504.05 Acres

      Cemetery Rd

      Land • 504.05 Acres
      0 Cemetery Rd, Harrisburg, PA 17112
      View Details
    • Value Estimation by Request
      10.25 Acres

      8002 Allentown Blvd

      Land • 10.25 Acres
      8002 Allentown Blvd, Harrisburg, PA 17112
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Harrisburg

      Land available for sale in Harrisburg, Pennsylvania.
      Colonial Rd And Winthrop Dr, Harrisburg, PA 17112
      View Details
    • Contact for pricing
      17,022 SF

      431-Acre Development Opportunity

      Former golf course with development potential and existing structures.
      550 Lakewood Dr, Harrisburg, PA 17112
      View Details
    • Contact for pricing

      Skyline View Land For Sale

      Approximately 10.25 acres of land available in Skyline View, PA.
      8002 Allentown Blvd, Skyline View, PA 17112
      View Details
    • $1,575,000

      28.26 Acres Development Land Harrisburg

      28.26 acres of land suitable for various developments.
      201 S Oak Grv & Sterling Rds, Harrisburg, PA 17112
      View Details
    • $899,950
      1,764 SF

      Harrisburg Multi-Family Investment Opportunity

      Unique property with income potential and business opportunities.
      7548 Linglestown Rd, Harrisburg, PA 17112
      View Details
    • $14,200,000

      Truck Towing and Recovery Portfolio

      Portfolio of truck towing and recovery facilities in Pennsylvania for sale.
      7800 Linglestown Rd, Harrisburg, PA 17112
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Flex Industrial Building

      9,000 SF flex industrial building to be constructed in Harrisburg.
      6130 Jonestown Rd, Harrisburg, PA 17112
      View Details
    • $15 SF/Yr
      11,850 SF

      Harrisburg Flex Space: Prime Location

      750 sq ft Office/Warehouse Space Available
      6130 Jonestown Rd, Harrisburg, PA 17112
      View Details
    • Contact for pricing
      29,000 SF

      Harrisburg Flex Warehouse for Lease

      29,000 SF flex warehouse with excellent highway access.
      6305 Allentown Blvd, Harrisburg, PA 17112
      View Details
    • Contact for pricing

      Gateway Corporate Center Suites Available

      Office and flex suites available within Gateway Corporate Center.
      6380 Flank Dr, Harrisburg, PA 17112
      View Details
    • Contact for pricing
      770,000 SF

      Harrisburg Truck Terminal with Expansion

      Truck terminal with 123 trailer spaces, expandable, immediate highway access.
      100 Quality Cir, Harrisburg, PA 17112
      View Details
    • Contact for pricing

      Harrisburg Commercial Land For Rent

      1.58-acre commercially zoned land in Harrisburg, PA.
      7600 Allentown Blvd, Harrisburg, PA 17112
      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.
    7171 Allentown Blvd
    Harrisburg, PA 17112
    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
    7171 Allentown Blvd, Harrisburg, PA, 17112
    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!