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Property profile & analytics
OFF-MARKET
Estimated value
$4,240,000
Hotels
1251 Harrisburg Pike, Carlisle, PA 17013-1621
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-5896097
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Total area
58,391 SF
Lot
7.23 ac (314,939 SF)
APN
21-18-1357-031
UPID
US73-5896097
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
-
Royal Kitchen Bar & Pub Restaurant
-
middlesex cafe Restaurant
-
Miracle Mile Diner Restaurant
-
Coinflip Bitcoin ATM Currency Exchange Service Investment Service
-
Familia restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.38M
CAP Approach
CAP
$5.76M
Comparable Approach
Comparable
$4.70M
Blend (final)
Blend
$4.24M
Owner & transaction history
Harrisburg Pike Real Estate LLC · 3 yrs held
Harrisburg Pike Real Estate LLC
since 2022
Last sale
$3.9M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.3M
+59.6%
Medical building
$6.3M
+57.9%
Restaurant
$5.6M
+39.8%
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 Carlisle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carlisle 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
$4,310,000
ML approach
$4,380,000
CAP Approach
CAP Return
Estimation
6%
$6,240,000
6.5%
$5,760,000
7%
$5,350,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,970,000
Current use
OFFICE BUILDING
$6,335,000
Change: +60% · Conversion: Difficult
MEDICAL BUILDING
$6,270,000
Change: +58% · Conversion: Difficult
RESTAURANT
$5,550,000
Change: +40% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,780,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,490,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$4.24M
Range $3.82M – $4.66M · ±10% · vs last sale $3.90M (Sep 14 2022)
Last sale anchor
$3.90M
Sep 14 2022
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
$73 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$67,767
Tax year 2024
Assessed value
$4,062,300
Assessed 2024
Previous assessed
$4,062,300
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$1,302,200
Assessed improvement
$2,760,100
Land market value
$1,302,200
Improvement market value
$2,760,100
Total market value
$4,062,300
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Heating
NONE
Total area
58,391 SF
Lot
7.23 ac (314,939 SF)
APN
21-18-1357-031
UPID
US73-5896097
Jurisdiction
CUMBERLAND
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
HOTEL/MOTEL Current
Est. value
$4.0M
OFFICE BUILDING
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$6.3M
RESTAURANT
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
WAREHOUSE, STORAGE
Est. value
$4.5M
HOTEL/MOTEL Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
Heating
NONE
Lot
7.23 ac
Current owner
From public records · entity-resolved
Harrisburg Pike Real Estate LLC
Entity
Mailing address
1255 HARRISBURG PIKE, CARLISLE, PA 17013-1621
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2022
$3,904,000
Harrisburg Pike Real Estate LLC
Shree Krishna Hospitality LP
Deed
$1,280,000 · The Juniata Valley Bank
May 27, 2005
$5,050,220
Cnr Hospitality Enterprises
H & D Management Corp
Grant Deed
—
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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