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Property profile & analytics
OFF-MARKET
Estimated value
$11,355,000
Apartment buildings
1201 Frnt St, Harrisburg, PA 17102-2821
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2860757
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Total area
94,263 SF
Lot
1.78 ac (77,537 SF)
APN
05-001-001
UPID
US73-2860757
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.70M
CAP Approach
CAP
$11.54M
Comparable Approach
Comparable
$9.93M
Blend (final)
Blend
$11.36M
Owner & transaction history
Pennsylvania Housing Finance Agency · 3 yrs held
Pennsylvania Housing Finance Agency
since 2023
Last sale
$11.9M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.7M
+113.3%
Medical building
$13.8M
+67.2%
Retail stores
$13.3M
+60.7%
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
$13,245,000
ML approach
$9,695,000
CAP Approach
CAP Return
Estimation
6%
$12,495,000
6.5%
$11,535,000
7%
$10,710,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,275,000
Current use
AUTO REPAIR, GARAGE
$17,650,000
Change: +113% · Conversion: Difficult
MEDICAL BUILDING
$13,835,000
Change: +67% · Conversion: Moderate
RETAIL STORES
$13,300,000
Change: +61% · Conversion: Difficult
RESTAURANT
$12,995,000
Change: +57% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,540,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,780,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$11.36M
Range $10.22M – $12.49M · ±10% · vs last sale $11.86M (May 2 2023)
Last sale anchor
$11.86M
May 2 2023
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
$120 / 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
$179,506
Tax year 2023
Assessed value
$3,699,000
Assessed 2024
Previous assessed
$3,699,000
+0.0% YoY
Effective rate
4.85%
On assessed value
Assessed land
$768,500
Assessed improvement
$2,930,500
Land market value
$768,500
Improvement market value
$2,930,500
Total market value
$3,699,000
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
1978
Heating
YES
Cooling
YES
Stories
1
Total area
94,263 SF
Lot
1.78 ac (77,537 SF)
APN
05-001-001
UPID
US73-2860757
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
$8.3M
AUTO REPAIR, GARAGE
Est. value
$17.7M
MEDICAL BUILDING
Est. value
$13.8M
RETAIL STORES
Est. value
$13.3M
RESTAURANT
Est. value
$13.0M
INDUSTRIAL (GENERAL)
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
INDUSTRIAL (GENERAL)
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
1978
Heating
YES
Cooling
Yes
Stories
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Pennsylvania Housing Finance Agency
Individual
Mailing address
4000 TOWER 127TH PUBLIC SQ KY, CLEVELAND, OH 44114
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2023
—
Pennsylvania Housing Finance Agency
River Trail Pa Tc LP
Quit Claim Deed
related
—
May 2, 2023
$11,860,000
River Trail Pa Tc LP
Linden Terrace Pa LLC
Warranty Deed
$17,500,000 · The Huntington National Bank
Nov 16, 2016
$8,500,000
Linden Terrace Pa LLC
D1 LP
Grant Deed
$6,800,000 · Pillar Multifamily
Jan 10, 2011
$5,650,000
D1 LP
Harrisburg Properties Ltd
Deed Of Trust
related
$4,880,000 · Metropolitan Bank
—
—
Harrisburg Properties Ltd
—
Deed Of Trust
related
$2,976,000 · Cw Capital
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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