New search
Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office Spaces
2023 2nd St, Harrisburg, PA 17102-2151
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-0149362
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1922
Total area
6,249 SF
Lot
0.2 ac (8,712 SF)
APN
11-001-009
UPID
US73-0149362
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
-
Law Offices of John M. Hyams Law Firm Financial Advisor
-
Glam Sculpting Spa Spa & Massage Center
-
Denture Center Inc Dental Office
-
We Fix Pc PVT LTD Tech Support Center (Bike/Boat/Book/etc) Store
-
Premier One Cleaning Commercial Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$592k
Blend (final)
Blend
$575k
Owner & transaction history
Mbs Solutions Real Estate LLC · 2 yrs held
Mbs Solutions Real Estate LLC
since 2024
Last sale
$575,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$915,000
+77.8%
Retail stores
$880,000
+70.9%
Restaurant
$860,000
+67.0%
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
$575,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$515,000
Current use
MEDICAL BUILDING
$915,000
Change: +78% · Conversion: Easy
RETAIL STORES
$880,000
Change: +71% · Conversion: Easy
RESTAURANT
$860,000
Change: +67% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$630,000
Change: +23% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$550,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $575k (Jan 12 2024)
Last sale anchor
$575k
Jan 12 2024
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
$92 / 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
$13,117
Tax year 2023
Assessed value
$261,000
Assessed 2024
Previous assessed
$261,000
+0.0% YoY
Effective rate
5.03%
On assessed value
Assessed land
$71,700
Assessed improvement
$189,300
Land market value
$71,700
Improvement market value
$189,300
Total market value
$261,000
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
Off-Market
Year built
1922
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,249 SF
Lot
0.2 ac (8,712 SF)
APN
11-001-009
UPID
US73-0149362
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
$515,000
MEDICAL BUILDING
Est. value
$915,000
RETAIL STORES
Est. value
$880,000
RESTAURANT
Est. value
$860,000
INDUSTRIAL (GENERAL)
Est. value
$630,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$550,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
INDUSTRIAL (GENERAL)
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
1922
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Mbs Solutions Real Estate LLC
Entity
Mailing address
360 CHESTNUT ST, MEADVILLE, PA 16335-3211
Ownership since
2024
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 12, 2024
$575,000
Mbs Solutions Real Estate LLC
Wci Partners LP
Deed
$400,000 · Wci Partners LP
May 3, 2011
—
Wci Partners LP
—
Deed Of Trust
related
$2,000,000 · Graystone Bank
Nov 19, 2010
$157,500
Wci Partners LP
44 Cameron Street Assocs LP
Grant Deed
—
Jan 31, 2007
$205,500
44 Cameron Street Assocs
Frank,lawrence G & Jill R
Grant Deed
—
—
—
Wci Partners LP
—
Deed Of Trust
related
$425,000 · Integrity Bank
—
—
44 Cameron Street Assocs
—
Deed Of Trust
related
$288,000 · Sovereign 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2023 2nd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
