Back to Search
Property profile & analytics
FOR LEASE
Office Spaces
2040 Linglestown Rd Harrisburg, PA 17110
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-1949404
For Lease
1 / 3
$18.95 SF/Yr
2040 Linglestown Rd, Harrisburg, PA 17110
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1988
Total area
32,706 SF
Lot
1.7 ac (74,052 SF)
APN
62-013-116
UPID
US73-1949404
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
-
Retirement Collaborative LLC Financial Advisor
-
TekSolv Environmental Health Service Safety Equipment Supplier
-
DGA Systems Advertising Agency Marketing & Advertising
-
PACA Association / Organization
-
Infiniti Dispatching Services Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$2.98M
Owner & transaction history
2040 Associates LLC · 11 yrs held
2040 Associates LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.8M
+91.4%
Retail stores
$4.6M
+84.0%
Restaurant
$4.5M
+79.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,510,000
Current use
MEDICAL BUILDING
$4,800,000
Change: +91% · Conversion: Easy
RETAIL STORES
$4,615,000
Change: +84% · Conversion: Easy
RESTAURANT
$4,510,000
Change: +80% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,310,000
Change: +32% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,795,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$2.98M
Range $2.68M – $3.27M · ±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
$91 / 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
$60,775
Tax year 2023
Assessed value
$1,934,900
Assessed 2024
Previous assessed
$1,934,900
+0.0% YoY
Effective rate
3.14%
On assessed value
Assessed land
$201,100
Assessed improvement
$1,733,800
Land market value
$201,100
Improvement market value
$1,733,800
Total market value
$1,934,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1988
Heating
YES
Cooling
YES
Stories
2
Total area
32,706 SF
Lot
1.7 ac (74,052 SF)
APN
62-013-116
UPID
US73-1949404
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
$2.5M
MEDICAL BUILDING
Est. value
$4.8M
RETAIL STORES
Est. value
$4.6M
RESTAURANT
Est. value
$4.5M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
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
1988
Heating
YES
Cooling
Yes
Stories
2
Lot
1.7 ac
Current owner
From public records · entity-resolved
2040 Associates LLC
Entity
Mailing address
PO BOX 8899, CAMP HILL, PA 17001-8899
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2019
—
2040 Associates LLC
—
Deed
related
$4,880,000 · Nextier Bk NA
May 6, 2015
—
2040 Associates LLC
2040 Associates
Quit Claim Deed
related
$4,373,355 · Integrity Bk
Jul 31, 2014
—
2040 Associates
—
Grant Deed
related
$11,200,000 · Integrity Bk
Feb 1, 2011
—
2040 Associates
—
Deed Of Trust
related
$3,659,869 · Integrity Bank
Nov 8, 2010
—
2040 Associates
2040 Partners LLC
Quit Claim Deed
related
—
Aug 24, 2007
$3,860,000
2040 Partners LLC
Pa Corporate Plaza Associates
Deed Of Trust
related
$3,860,000 · Integrity Bank
—
—
2040 Associates LLC
—
Deed Of Trust
related
$4,880,000 · Nextier Bk NA
—
—
2040 Associates
—
Deed Of Trust
related
$314,989 · Integrity Bank
—
—
Pa Corporate Plaza Associates
—
Deed Of Trust
related
$2,780,000 · Community Bk
—
—
2040 Partners LLC
—
Deed Of Trust
related
$965,000 · Donoma Dev Co
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?”
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.
