Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1515 Derry St Harrisburg, PA 17104-3325

    • Industrial properties
    • 7,683 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Jun 22, 2023
    $175,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1084198
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Program, It's About Change / Social Service Agency / Charitable Organization

    Property Details for 1515 Derry St

    Year built
    1900
    Lot size
    0.23 lot acres
    Property size
    7,683 SF
    Property type
    Industrial properties
    APN
    02-022-011
    APU
    2022011

    Description

    This exceptional 7,683-square-foot executive office space in Harrisburg, Pennsylvania, presents a unique investment opportunity. Located at 1515 Derry Street, this three-story Class C building, constructed in 1900 and renovated in 2010, sits on a 0.23-acre lot and offers immediate occupancy. The property features a versatile layout ideal for a variety of professional uses, including multiple offices, meeting rooms, and open areas. The single-tenant building is fully vacant, providing a blank canvas for your business needs. Ample parking is available with 12 in-common spaces. The property is zoned Commercial Neighborhood, allowing for diverse business applications. Its strategic location provides easy access to both East and West Shores, enhancing connectivity and business opportunities. The building is serviced by electric power. Proximity to local amenities, including restaurants and shops, adds to its appeal. This Harrisburg property offers a compelling chance to establish or expand your business in a thriving community within Dauphin County, PA, 17104.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8647
    Latitude
    40.2623
    CBSA code
    25420
    CBSA name
    HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,262
    $75,100
    $210,400
    $285,500
    -
    $75,100
    $210,400
    $285,500

    Comparable in this City

    • Value Estimation by Request
      8,600 SF

      1000 Harrisburg Pa

      Distribution properties • 8,600 SF
      1000 Harrisburg Pa, Harrisburg, PA 17104
      View Details
    • Value Estimation by Request
      2,254 SF

      1364 Vernon St

      INDUSTRIAL (GENERAL) • 2,254 SF
      1364 Vernon St, Harrisburg, PA 17104-1179
      View Details
    • Value Estimation by Request
      26,928 SF

      345 Carlisle St

      INDUSTRIAL (GENERAL) • 26,928 SF
      345 Carlisle St, Harrisburg, PA 17104-1227
      View Details
    • Value Estimation
      $515,000
      912 SF

      1924 Paxton St

      INDUSTRIAL (GENERAL) • 912 SF
      1924 Paxton St, Harrisburg, PA 17104-2955
      View Details
    • Value Estimation by Request
      960 SF

      833 Paxton St

      INDUSTRIAL (GENERAL) • 960 SF
      833 Paxton St, Harrisburg, PA 17104
      View Details
    • Value Estimation by Request
      4,483 SF

      140 Paxton St

      INDUSTRIAL (GENERAL) • 4,483 SF
      140 Paxton St, Harrisburg, PA 17104-1638
      View Details

    Similar Nearby for Sale

    • $2,100,000
      36,694 SF

      Harrisburg Industrial Flex Space

      36,694 SF Flex Space, $2.1M
      951 13Th St, Harrisburg, PA 17104
      View Details
    • $5,950,000
      64,800 SF

      Harrisburg Industrial Investment

      64,800 SF Flex Warehouse, 100% Occupied
      1830 19Th St, Harrisburg, PA 17104
      View Details
    • Contact for pricing
      36,694 SF

      Harrisburg Industrial/Flex Conversion Opportunity

      Large industrial/flex property suitable for conversion in Harrisburg, PA.
      951 S 13Th St, Harrisburg, PA 17104
      View Details
    • $725,000
      11,971 SF

      Harrisburg Industrial Property

      Versatile 11,971 SF Flex Space
      1070 Cameron St, Harrisburg, PA 17104
      View Details
    • Contact for pricing
      187,402 SF

      Harrisburg Distribution Warehouse For Sale

      187,402 SF distribution warehouse with maintenance facility in Harrisburg, PA.
      1821 S 19Th St, Harrisburg, PA 17104
      View Details
    • $2,080,000
      10,836 SF

      Cross-Dock Truck Terminal For Sale

      Cross-dock truck terminal with 33 doors near major highways.
      1000 Sycamore St, Harrisburg, PA 17104
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      22,720 SF

      Harrisburg Warehouse Space For Lease

      3,200 SF warehouse with easy access to major highways.
      1591 S 19Th St, Harrisburg, PA 17104
      View Details
    • $7 SF/Yr
      11,971 SF

      Harrisburg Industrial Property

      Versatile 11,971 SF flex space, prime location.
      1070 Cameron St, Harrisburg, PA 17104
      View Details
    • $7 SF/Yr
      41,630 SF

      Harrisburg Warehouse with Ample Parking

      Functional warehouse near UPS Hub with ample parking and loading.
      711 Gibson Blvd, Harrisburg, PA 17104
      View Details
    • Contact for pricing
      227,010 SF

      Kline Plaza: Retail Space Available

      Dauphin County shopping center; multiple spaces, flexible sizes.
      130 Kline Plz, Harrisburg, PA 17104
      View Details
    • $11 SF/Yr
      54,569 SF

      Harrisburg Office Space For Lease

      8,460 SF office space with high visibility available for lease.
      1500 Paxton St, Harrisburg, PA 17104
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1515 Derry St
    Harrisburg, PA 17104-3325
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.