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Property profile & analytics
OFF-MARKET
Estimated value
$6,165,000
Hotels
15 Capital Dr, Harrisburg, PA 17110-9446
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US73-2628893
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Total area
68,497 SF
Lot
5.25 ac (228,690 SF)
APN
62-023-085
UPID
US73-2628893
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
by Request
CAP Approach
CAP
$7.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.17M
Owner & transaction history
Progress Hospitality LLC · 15 yrs held
Progress Hospitality LLC
since 2011
6 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%
$8,590,000
6.5%
$7,930,000
7%
$7,360,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$10,055,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$9,665,000
Change: -13% · Conversion: Difficult
RESTAURANT
$9,440,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$6.17M
Range $5.55M – $6.78M · ±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
$90 / 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
$140,273
Tax year 2023
Assessed value
$4,465,900
Assessed 2024
Previous assessed
$4,465,900
+0.0% YoY
Effective rate
3.14%
On assessed value
Assessed land
$693,500
Assessed improvement
$3,772,400
Land market value
$693,500
Improvement market value
$3,772,400
Total market value
$4,465,900
Applied tax rate
62.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2009
Heating
YES
Cooling
YES
Stories
2
Total area
68,497 SF
Lot
5.25 ac (228,690 SF)
APN
62-023-085
UPID
US73-2628893
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
Est. value
$10.1M
RETAIL STORES
Est. value
$9.7M
RESTAURANT
Est. value
$9.4M
MEDICAL BUILDING
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
2009
Heating
YES
Cooling
Yes
Stories
2
Lot
5.25 ac
Current owner
From public records · entity-resolved
Progress Hospitality LLC
Entity
Mailing address
15 CAPITAL DR, HARRISBURG, PA 17110-9446
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2026
—
Progress Hospitality LLC
—
Deed
related
$6,000,000 · The Washington Trust Co Of Westerly
Jan 12, 2021
—
Progress Hospitality LLC
—
Deed
related
$7,150,000 · Mid Penn Bank
Apr 5, 2011
$275,000
Progress Hospitality LLC
Ajay Enterprises INC
Warranty Deed
$8,850 · Ubs Real Estate Ecurities
Dec 8, 2008
—
Ajay Ent INC
—
Grant Deed
related
$8,000,000 · Orrstown Bank
—
—
Ajay Ent INC
—
Deed Of Trust
related
$500,000 · Orrstown Bank
—
—
Progress Hospitality LLC
—
Deed Of Trust
related
$190,000 · Orrstown Bank
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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