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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Turn key restaurants
201 2nd St Harrisburg, PA 17101-1420
Entity Owned
~
Est. High Equity
Property ID
US73-2750337
Property summary
AI-generated overview
This exceptional Harrisburg, PA office building at 201 N. 2nd Street offers 20,000 square feet of versatile space, ideal for medical, creative, coworking, or traditional office uses. Located in the vibrant Downtown Center (DC) zone, this four-story, 1900-built building features three suites, with 9,708 square feet currently vacant. Available spaces range from 2,252 to 7,167 contiguous square feet, offering flexibility for various business needs. The building boasts attractive features including hardwood floors, exposed brick, modern finishes, and a stylish spiral staircase connecting the second and third floors. Amenities include elevators and 200-amp power. The 0.12-acre lot is situated on Restaurant Row, providing convenient access to dining and city amenities. Concept plans are available for prospective tenants. The property's APN is 04-021-010, and it's zoned for Downtown Center use. This unique space presents a compelling opportunity for businesses seeking a prime location in the heart of Harrisburg.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Total area
20,176 SF
Lot
0.12 ac (5,227 SF)
APN
04-021-010
UPID
US73-2750337
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
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$805k
Owner & transaction history
Rnm Group LLC
Rnm Group LLC
since 2026
Last sale
$850,000
7 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
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $850k (Dec 5 2025)
Last sale anchor
$850k
Dec 5 2025
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
$40 / 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
$56,892
Tax year 2023
Assessed value
$1,182,600
Assessed 2024
Previous assessed
$1,182,600
+0.0% YoY
Effective rate
4.81%
On assessed value
Assessed land
$226,400
Assessed improvement
$956,200
Land market value
$226,400
Improvement market value
$956,200
Total market value
$1,182,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
20,176 SF
Lot
0.12 ac (5,227 SF)
APN
04-021-010
UPID
US73-2750337
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
Building & site characteristics
From public records
Year built
1900
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Rnm Group LLC
Entity
Mailing address
3320 DERRY ST, HARRISBURG, PA 17111-1810
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2026
$850,000
Rnm Group LLC
Murphy Second Street LLC
Deed
related
—
Dec 5, 2025
$850,000
Rmn Group LLC
Murphy Second Street LLC
Deed
—
Jan 17, 2023
—
Murphy Second Street LLC
—
Deed
related
$1,500,000 · Belco Community Cu
Jul 27, 2017
—
Murphy Second Street LLC
—
Deed
related
$1,500,000 · Peoples Bk
Jul 11, 2011
—
Murphy Second Street LLC
Murphy & True Second Street Ll
Quit Claim Deed
related
—
May 18, 2011
—
Murphy Ll
—
Deed Of Trust
related
$1,675,000 · Graystone Bank
Sep 26, 2006
—
Murphy Ll
Aff & K LLC
Grant Deed
related
—
Jun 29, 2006
$1,630,000
Murphy Ll
Aff & K LLC
Grant Deed
$1,304,000 · Graystone Bank
Mar 1, 2002
—
Aff & K LLC
—
Trustees Deed
related
$600,000 · Legacy Bk Canon City Br
—
—
Murphy Second Street LLC
—
Deed Of Trust
related
$800,000 · Integrity Bank
—
—
Murphy Ll
—
Deed Of Trust
related
$300,000 · Graystone Bank
—
—
Aff & K LLC
—
Deed Of Trust
related
$1,100,000 · Mid Penn Bk
—
—
Murphy Second Street LLC
—
Deed Of Trust
related
$1,500,000 · Peoples Bk
—
—
Murphy Ll
—
Deed Of Trust
related
$50,000 · Graystone 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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