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Property profile & analytics
OFF-MARKET
Estimated value
$15,305,000
Apartment buildings
101 2nd St Harrisburg, PA 17101-2509
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1755435
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1967
Total area
275,520 SF
Lot
1.79 ac (77,972 SF)
APN
03-002-016
UPID
US73-1755435
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
First National Bank Bank Loan Service
-
Executive House Apartments Apartment Building Commercial Real Estate Agency
-
Coach Tom Consulting Physician
-
Welfare Fraud Investigations State Government Office
-
First National Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.47M
Blend (final)
Blend
$15.31M
Owner & transaction history
365-369 Ocean Avenue LLC · 23 yrs held
365-369 Ocean Avenue LLC
since 2003
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Harrisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harrisburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$23,560,000
Current use
COMMERCIAL (GENERAL)
$19,615,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$15.31M
Range $13.77M – $16.84M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$56 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$342,257
Tax year 2023
Assessed value
$5,953,200
Assessed 2024
Previous assessed
$5,953,200
+0.0% YoY
Effective rate
5.75%
On assessed value
Assessed land
$3,304,200
Assessed improvement
$2,649,000
Land market value
$3,304,200
Improvement market value
$2,649,000
Total market value
$5,953,200
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1967
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
275,520 SF
Lot
1.79 ac (77,972 SF)
APN
03-002-016
UPID
US73-1755435
Jurisdiction
DAUPHIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$23.6M
COMMERCIAL (GENERAL)
Est. value
$19.6M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
1.79 ac
Current owner
From public records · entity-resolved
365-369 Ocean Avenue LLC
Entity
Mailing address
2727 LYNDON B JOHNSON FWY STE #806, DALLAS, TX 75234-7334
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2018
—
Clarendon Realty LLC
—
Trustees Deed
related
$18,545,000 · New York Cmnty Bk
Sep 20, 2012
—
T10 Unison Site Management LLC
—
Deed Of Trust
related
$650,000,000 · Deutsche Bank Trust Co America
Apr 30, 2012
—
365-369 Ocean Avenue LLC
—
Deed Of Trust
related
$12,355,053 · New York Community Bank
Jan 7, 2005
—
365-369 Ocean Avenue LLC
—
Deed Of Trust
related
$12,500,000 · New York Community Bank
Apr 10, 2003
$11,000,000
365-369 Ocean Avenue LLC
Berger,steven A
Grant Deed
$9,600,000 · Washington Mutual Svgs Bk
Apr 10, 2003
—
Berger,steven A & Max M
Berger
Quit Claim Deed
related
—
—
—
Clarendon Realty LLC
—
Deed Of Trust
related
$19,500,000 · New York Community Bank
—
—
Clarendon Realty LLC
—
Deed Of Trust
related
$1,750,000 · Ncc Capital LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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