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Property profile & analytics
FOR LEASE
Office Spaces
1500 Paxton St Harrisburg, PA 17104
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-5852076
For Lease
1 / 8
$11.25 SF/Yr
1500 Paxton St, Harrisburg, PA 17104
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1930
Construction
FRAME
Total area
42,700 SF
Lot
2.89 ac (125,888 SF)
APN
02-056-001
UPID
US73-5852076
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
-
Best Auto Auctions to Work for Corporate Office
-
Journal Multimedia Publishing House
-
Brewzer Courier Service Postal Service
-
Title N Go Vehicle Inspection Center
-
Eligibility Criteria Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.37M
Owner & transaction history
Commonwealth Of Pennsylvania · 1 yrs held
Commonwealth Of Pennsylvania
since 2025
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.7M
+1.3%
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
$2,485,000
ML approach
$2,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,605,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,650,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$2.37M
Range $2.13M – $2.60M · ±10% · vs last sale $2.23M (Aug 25 2023)
Last sale anchor
$2.23M
Aug 25 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
$55 / 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
$108,249
Tax year 2023
Assessed value
$2,162,800
Assessed 2024
Previous assessed
$2,162,800
+0.0% YoY
Effective rate
5.01%
On assessed value
Assessed land
$576,900
Assessed improvement
$1,585,900
Land market value
$576,900
Improvement market value
$1,585,900
Total market value
$2,162,800
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1930
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
42,700 SF
Lot
2.89 ac (125,888 SF)
APN
02-056-001
UPID
US73-5852076
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
COMMERCIAL (GENERAL) Current
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1930
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
2.89 ac
Current owner
From public records · entity-resolved
Commonwealth Of Pennsylvania
Individual
Mailing address
700 ANGENESE ST, HARRISBURG, PA 17110-2729
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2025
—
Commonwealth Of Pennsylvania
1500 Paxton LP
Deed
—
Sep 6, 2023
—
1500 Paxton LP
—
Deed
related
$1,725,000 · The Juniata Valley Bank
Aug 25, 2023
$2,225,000
1500 Paxton LP
Paxton Street Properties LLC
Special Warranty Deed
$1,725,000 · The Juniata Valley Bank
Apr 3, 2018
—
Paxton Street Properties LLC
—
Deed
related
$2,100,000 · S & T Bank
Jan 25, 2012
—
Paxton Street Properties LLC
—
Deed Of Trust
related
$2,188,000 · Sovereign Bank
Jun 26, 2008
—
Paxton Street Properties LLC
—
Trustees Deed
related
$500,000 · Capital Region Economic Dev Co
Mar 28, 2008
$2,300,000
Paxton Street Properties LLC
Ugi Utilities INC
Grant Deed
$2,700,000 · Sovereign Bank
Mar 28, 2008
—
Paxton Street Properties LLC
Ugi Utilities INC
Quit Claim Deed
related
—
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.
Try Rey
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