Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Retail space
208 3rd St Harrisburg, PA 17101-1512
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US73-5602547
Property summary
AI-generated overview
This stunning Class A executive office building, located at 208 N 3rd St (N 3rd St & Walnut St), Harrisburg, PA 17101, offers 9,672 square feet of immediately available space in a meticulously renovated (2024) historic building. The property, situated on a 0.012-acre lot, boasts a total of 20,000 square feet across four stories. Individual suites range from a minimum of 550 square feet to a maximum contiguous space of 4,542 square feet, making it ideal for businesses of various sizes. The building features 200 amps of electrical service per floor and benefits from a Downtown Center zoning designation within Dauphin County. Originally constructed in 1930, this iconic building offers unparalleled views of the Pennsylvania State Capitol Complex, featuring the largest expanse of glass window lines of any privately owned property in the area. Future plans include convenient direct access to the Locust Street parking garage. This exceptional property seamlessly blends historic charm with modern amenities, providing a prestigious address in the heart of downtown Harrisburg. Multiple tenancy options are available.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Total area
20,640 SF
Lot
0.12 ac (5,227 SF)
APN
04-010-003
UPID
US73-5602547
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
-
Stevens & Lee Law Firm
-
Emerald Strategies Inc Business Management Consultant
-
Orion Strategies Marketing & Advertising Advertising Agency
-
Pennsylvania Education Nutrition Network Physician
-
Mary Sachs Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.76M
Blend (final)
Blend
$2.11M
Owner & transaction history
Jerich Properties LLC · 18 yrs held
Jerich Properties LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.0M
+4.0%
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
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
RETAIL STORES
$2,910,000
Current use
MEDICAL BUILDING
$3,030,000
Change: +4% · Conversion: Difficult
RESTAURANT
$2,845,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±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
$102 / 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
$55,655
Tax year 2023
Assessed value
$1,157,600
Assessed 2024
Previous assessed
$1,157,600
+0.0% YoY
Effective rate
4.81%
On assessed value
Assessed land
$220,300
Assessed improvement
$937,300
Land market value
$220,300
Improvement market value
$937,300
Total market value
$1,157,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Total area
20,640 SF
Lot
0.12 ac (5,227 SF)
APN
04-010-003
UPID
US73-5602547
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
RETAIL STORES Current
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$3.0M
RESTAURANT
Est. value
$2.8M
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
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
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
0.12 ac
Current owner
From public records · entity-resolved
Jerich Properties LLC
Entity
Mailing address
4620 NN RD, HARRISBURG, PA 17109-2920
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
—
City Property Group LLC
—
Deed
related
$1,115,758 · Linkbank
Apr 24, 2018
—
City Property Group LLC
—
Deed
related
$1,300,000 · Fulton Bk NA
Jan 4, 2013
—
Jerich Properties LLC
—
Deed Of Trust
related
$1,100,000 · Fulton Bank
Nov 28, 2007
$1,265,000
Jerich Properties LLC
Dauphin Cnty Indl Dev Autho
Grant Deed
$1,000,000 · First National Bank Marysville
—
—
Jerich Properties LLC
—
Deed Of Trust
related
$150,000 · First National Bank Marysville
—
—
City Property Group LLC
—
Deed Of Trust
related
$1,340,000 · Fulton Bk
—
—
City Property Group LLC
—
Deed Of Trust
related
$1,300,000 · Fulton Bk NA
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 208 3rd 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.
