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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Hospitals
1205 28th St, Harrisburg, PA 17111-1046
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-4296480
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1939
Total area
5,588 SF
Lot
9.29 ac (404,672 SF)
APN
63-024-292
UPID
US73-4296480
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
-
Karen D. Lamon, Cota Physician
-
Millennium Pharmacy Systems Pharmacy
-
AARON BLOM Pediatrician Physician
-
Peggy Spellman Physician
-
Lauren Glunk Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$850k
Owner & transaction history
Spring Creek Snf LLC · 1 yrs held
Spring Creek Snf LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+27.6%
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
MEDICAL BUILDING
$820,000
Current use
AUTO REPAIR, GARAGE
$1,045,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$790,000
Change: -4% · Conversion: Difficult
RESTAURANT
$770,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$152 / 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
$482,583
Tax year 2023
Assessed value
$17,030,000
Assessed 2024
Previous assessed
$23,716,800
-28.2% YoY
Effective rate
2.83%
On assessed value
Assessed land
$1,651,900
Assessed improvement
$15,378,100
Land market value
$1,651,900
Improvement market value
$15,378,100
Total market value
$17,030,000
Applied tax rate
63.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1939
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Total area
5,588 SF
Lot
9.29 ac (404,672 SF)
APN
63-024-292
UPID
US73-4296480
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
MEDICAL BUILDING Current
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$790,000
RESTAURANT
Est. value
$770,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
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
1939
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
9.29 ac
Current owner
From public records · entity-resolved
Spring Creek Snf LLC
Entity
Mailing address
4121 AVE T T, BROOKLYN, NY 11234-5031
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2025
—
Spring Creek Snf LLC
1205 South 28th Street LLC
Deed
$49,950 · Vium Capital LLC
Jan 31, 2024
—
1205 South 28th Street LLC
—
Deed
related
$47,175,000 · Merchants Bank
Feb 12, 2020
$37,575,000
1205 South 28th Street LLC
1205 S 28th Street LLC
Grant Deed
related
$45,560,000 · X Caliber Fndg LLC
Feb 1, 2018
—
1205 S 28th Street LLC
—
Deed
related
$23,316,666 · Teddy Lichtschein
Oct 1, 2015
$43,140,000
1205 S 28th Street LLC
Sc Funding Corp
Special Warranty Deed
$48,000,000 · First Niagara Bank NA
Jul 2, 2008
—
Sc Funding Corp
—
Deed Of Trust
related
$5,000,000 · Keybank USA
Dec 26, 2006
$9,500,000
Sc Funding Corp
County Of Dauphin
Deed Of Trust
related
$14,000,000 · Rehab Funding Ltd
—
—
South Carolina Fndg Corp
—
Loan Modification
related
$3,500,000 · Keybank USA
—
—
South Carolina Fndg Corp
—
Loan Modification
related
$3,500,000 · Keybank USA
—
—
South Carolina Fndg Corp
—
Loan Modification
related
—
—
—
South Carolina Fndg Corp
—
Loan Modification
related
—
—
—
Sc Funding Corp
—
Deed Of Trust
related
—
—
—
Sc Funding Corp
—
Deed Of Trust
related
—
—
—
1205 S 28th Street LLC
—
Deed Of Trust
related
$23,316,666 · Teddy Lichtschein
—
—
Sc Funding Corp
—
Deed Of Trust
related
$19,800,000 · Keybank USA
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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