Property profile

1001 6th St Harrisburg, PA 17102

OFF-MARKET
Office Spaces
Property ID
US73-1661512
54,740 SF 1.07 ac lot Built 1985
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied, single-tenant net-leased office building in Harrisburg, Pennsylvania's Central Business District. The three-story, 58,014-square-foot Class B building, constructed in 1982 and renovated in 2006 and 2020, boasts a commanding 11.44% cap rate. Located at 1001 N 6th St, this fee-simple property sits on a 1.07-acre lot and features 39 on-site parking spaces, with access to an additional 200 covered spaces at a subsidized rate. The building is currently 100% occupied by Dauphin County Children & Youth Services, a long-term tenant since 2010, under a NNN lease extending into Q4 2027. Dauphin County holds an AA credit rating, minimizing landlord responsibilities. The property's prime location offers easy access to the State Capitol Complex, the new Federal Courthouse, and the State Archives Department, situated within Harrisburg's thriving Central Business District. Its proximity to major roadways and numerous amenities, including the Broad Street Market, Riverfront Park, and Strawberry Square, further enhances its appeal. This is a low-management, high-return investment with significant upside potential, benefiting from Harrisburg's ongoing economic development and revitalization efforts. The Institutional zoning allows for flexibility in future uses. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1985
Total area 54,740 SF
Lot 1.07 ac (46,609 SF)
APN 07-102-045
UPID US73-1661512

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Child Welfare Organization Foster Care Service

Location

1001 6th St Harrisburg, PA 17102-1726
Harrisburg metro Census 20300 HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.78M
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.75M
Blend (final) Blend
$6.78M

Owner & transaction history

since 2024
Last sale
$6.8M
7 recorded transactions
2024
$6.8M
2016
$6.4M
2011
Price N/A
2010
$4.7M
2008
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $10.3M +126.9%
Medical building $8.0M +77.8%
Retail stores $7.7M +70.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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