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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1018 Briarsdale Rd Harrisburg, PA 17109-5901

    • Hotels
    • 47,598 SF
    • 2.57 lot acres
    OFF-MARKET
    Last Sale
    Apr 29, 2022
    $5,820,000
    Value Estimations
    $5,450,000
    Show details
    Cap Rate Potential
    7%
    Hotels
    Location Intelligence
    Property ID
    US73-1694001
    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

    • Fairfield Inn & Suites Harrisburg Hershey / Hotel & Motel
    • 1018 Briarsdale Road Parking / Parking Lot & Garage

    Property Details for 1018 Briarsdale Rd

    Year built
    2000
    Lot size
    2.57 lot acres
    Property size
    47,598 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    35-075-037
    APU
    35075037

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,085,000
      ML approach
      $5,005,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,970,000
      6.5%
      $5,510,000
      7%
      $5,115,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $7,765,000
      Current use
      AUTO REPAIR, GARAGE
      $8,915,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $6,985,000
      Change: -10% Conversion: Difficult
      RETAIL STORES
      $6,715,000
      Change: -13% Conversion: Difficult
      RESTAURANT
      $6,560,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8222
    Latitude
    40.2771
    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
    $81,728
    $896,800
    $2,139,000
    $3,035,800
    -
    $896,800
    $2,139,000
    $3,035,800

    Comparable in this City

    • Value Estimation
      $4,805,000
      53,670 SF

      4021 Un Deposit Rd

      HOTEL/MOTEL • 53,670 SF
      4021 Un Deposit Rd, Harrisburg, PA 17109-5925
      View Details
    • Value Estimation
      $4,620,000
      40,788 SF

      1019 Peiffers Ln

      HOTEL/MOTEL • 40,788 SF
      1019 Peiffers Ln, Harrisburg, PA 17109
      View Details
    • Value Estimation
      $1,385,000
      14,352 SF

      1006 Briarsdale Rd

      HOTEL/MOTEL • 14,352 SF
      1006 Briarsdale Rd, Harrisburg, PA 17109-5901
      View Details
    • Value Estimation
      $3,105,000
      22,968 SF

      1001 Briarsdale Rd

      HOTEL/MOTEL • 22,968 SF
      1001 Briarsdale Rd, Harrisburg, PA 17109-5902
      View Details
    • Value Estimation by Request
      72,950 SF

      4310 Londonderry Rd

      Medical offices • 72,950 SF
      4310 Londonderry Rd, Colonial Park, PA 17109
      View Details
    • Value Estimation by Request
      0.20 Acres

      Franklin St

      VACANT COMMERCIAL LAND • 0.20 Acres
      Franklin St, Harrisburg, PA 17109
      View Details

    Similar Nearby for Sale

    • $485,000
      4,870 SF

      4918 Locust Ln

      Office Properties & Spaces • 4,870 SF
      4918 Locust Ln, Harrisburg, PA 17109
      View Details
    • $699,000
      0.14 Acres

      Harrisburg Retail Investment Opportunity

      High-traffic retail building with apartment.
      4814 Jonestown Rd, Harrisburg, PA 17109
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    • $5,500,000
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      Harrisburg Redevelopment Opportunity

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      9,958 SF

      High Visibility Retail Opportunity

      Retail property with high traffic and visibility on Walnut Street.
      3601 Walnut St, Harrisburg, PA 17109
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    • $299,000
      2,600 SF

      Medical Office Condo Near UPMC

      2,600 SF medical office condo with mezzanine near UPMC.
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    • Contact for pricing
      20,000 SF

      Professional Office Building with Suite

      Professional office building with renovated common areas and suite available.
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    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Retail Space at Union Deposit

      Retail space available in Harrisburg, Pennsylvania with high visibility.
      3823-3915 Union Deposit Rd, Harrisburg, PA 17109
      View Details
    • $14 SF/Yr
      3,000 SF

      Harrisburg Executive Office Suite

      1,718 SF Office Space Available
      3301 Schoolhouse Ln, Harrisburg, PA 17109
      View Details
    • Contact for pricing
      11,000 SF

      Progress Plaza Retail Space

      11,000 sq ft Retail Space Available
      99 Progress Ave, Harrisburg, PA 17109
      View Details
    • Contact for pricing
      1,990 SF

      Retail Space in Harrisburg, PA

      Neighborhood strip center with excellent accessibility and strong retail corridor.
      4907 Jonestown Rd, Harrisburg, PA 17109
      View Details
    • New
      $1,300 /Mo

      Visible Office/Retail Space Available

      Cost-effective office/retail space with high visibility in Harrisburg, PA.
      4903 Jonestown Rd, Harrisburg, PA 17109
      View Details
    • Contact for pricing
      1,976 SF

      Harrisburg Retail Building For Sale

      Free-standing retail space, high visibility.
      4206 Union Deposit Rd, Harrisburg, PA 17109
      View Details

    Property Visit Statistics

    • Visits by month
      4.6k
    • Visitors by month
      1.9k
    • Avg Time on site
      432 min
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    Harrisburg, PA 17109-5901
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    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
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