Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1001 Herr St Harrisburg, PA 17103

    • Warehouses
    • 10,164 SF
    • 21.30 lot acres
    For Lease
    View listing
    Last Sale
    Oct 18, 2021
    $12,800,000
    Value Estimations
    $9,865,000
    Cap Rate Potential
    9.2%
    Warehouses
    Location Intelligence
    Property ID
    US73-1690138
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1001 Herr St

    Year built
    1916
    Lot size
    21.30 lot acres
    Property size
    10,164 SF
    Property type
    Warehouses
    APN
    07-058-001
    APU
    7058001

    Description

    This Harrisburg, PA industrial property offers 4.68 acres of outdoor storage and laydown yard space, ideal for various uses. The site boasts three buildings totaling 33,890 square feet, providing ample indoor storage options. The property is conveniently located in the Harrisburg - East submarket, offering easy access to major transportation arteries including I-81, I-83, and I-76 (PA Turnpike). Its strategic position provides proximity to both Norfolk Southern Harrisburg and Rutherford Intermodal Yards. The secure, well-lit yard is configured for efficient drop-lot operations and features flexible sizing options. Access is available from both Herr Street and 10th Street. The property is zoned industrial and has a Dauphin County APN of 07-058-001-000-0000. Building sizes are 8,141 square feet, 6,812 square feet, and 18,937 square feet. This single-tenant property presents a unique opportunity for businesses requiring substantial storage and convenient access to key transportation networks. The property is immediately available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,925,000
      ML approach
      $6,430,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,750,000
      6.5%
      $12,690,000
      7%
      $11,785,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8785
    Latitude
    40.2693
    CBSA code
    25420
    CBSA name
    HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,154
    $283,600
    $106,400
    $390,000
    -
    $283,600
    $106,400
    $390,000

    Comparable in this City

    • Value Estimation
      $235,000
      7,500 SF

      1439 Shoop St

      WAREHOUSE, STORAGE • 7,500 SF
      1439 Shoop St, Harrisburg, PA 17103
      View Details
    • Value Estimation
      $240,000
      3,120 SF

      2635 Banks St

      WAREHOUSE, STORAGE • 3,120 SF
      2635 Banks St, Harrisburg, PA 17103-2017
      View Details
    • Value Estimation
      $1,205,000
      53,689 SF

      1300 Cameron St

      WAREHOUSE, STORAGE • 53,689 SF
      1300 Cameron St, Harrisburg, PA 17103-1010
      View Details
    • Value Estimation
      $225,000
      6,840 SF

      1818 Cameron St

      WAREHOUSE, STORAGE • 6,840 SF
      1818 Cameron St, Harrisburg, PA 17103-1020
      View Details
    • Value Estimation
      $760,000
      20,493 SF

      1630 Cameron St

      WAREHOUSE, STORAGE • 20,493 SF
      1630 Cameron St, Harrisburg, PA 17103
      View Details
    • Value Estimation
      $285,000
      6,307 SF

      1945 Julia St

      WAREHOUSE, STORAGE • 6,307 SF
      1945 Julia St, Harrisburg, PA 17103-1000
      View Details

    Similar Nearby for Sale

    • $2,275,000
      24,312 SF

      Harrisburg Industrial Flex Space

      24,312 SF Flex Space, $2.275M
      1414 Cameron St, Harrisburg, PA 17103
      View Details
    • $699,000
      9,568 SF

      Harrisburg Auto Shop - $699K

      Prime Auto Shop, Harrisburg, PA. Vacant, ready for your business.
      18 27Th St, Harrisburg, PA 17103
      View Details
    • $374,900
      2,692 SF

      Harrisburg Multifamily Property with Garages

      Two-unit property in Harrisburg with six garages and income potential.
      235 S 29Th St, Harrisburg, PA 17103
      View Details
    • Contact for pricing
      0.03 Acres

      Land For Sale Harrisburg, PA

      Land available for purchase in Harrisburg, Pennsylvania.
      1741 Market Street Rd, Harrisburg, PA 17103
      View Details
    • New
      Contact for pricing
      0.03 Acres

      Harrisburg Land Near I-83

      Residential land near I-83, stores, shops, and restaurants.
      1329 Liberty St, Harrisburg, PA 17103
      View Details
    • $590,000
      6,600 SF

      Prime Harrisburg Retail Space

      Walnut Street Retail Building - High Traffic
      2921 Walnut St, Harrisburg, PA 17103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      266,375 SF

      Harrisburg Warehouse Space Available

      Up to 50,000 SF warehouse space for sublease.
      1400 N Cameron St, Harrisburg, PA 17103
      View Details
    • Contact for pricing
      33,890 SF

      Harrisburg Industrial Laydown Yard

      4.68-acre industrial property, 3 buildings
      1001 Herr St, Harrisburg, PA 17103
      View Details
    • Contact for pricing
      33,890 SF

      Herr Street Industrial Yard Investment

      21.68-acre outdoor storage, 3 buildings.
      1001 Herr St, Harrisburg, PA 17103
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space Near High School

      Retail space anchored by Giant, near Harrisburg High School.
      101 S 25Th St, Harrisburg, PA 17103
      View Details
    • Contact for pricing
      57,000 SF

      Class A Office Space Sublease

      Class A office space available for sublease in Harrisburg, PA.
      1000 N Cameron St, Harrisburg, PA 17103
      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.
    1001 Herr St
    Harrisburg, PA 17103
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.