Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    225 Market St Harrisburg, PA 17101

    • Commercial real estate
    • 88,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5872730
    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

    • Lavery Law / Law Firm
    • Downtown Deli And Catering / Food Market / Restaurant
    • Health Care Cost / Public Health Department
    • Allscripts / (Bike/Boat/Book/etc) Store / Corporate Office
    • Matthew / Cafe & Coffee Shop / Pet Adoption Service

    Property Details for 225 Market St

    Year built
    1986
    Property size
    88,000 SF
    Property type
    Commercial real estate

    Description

    225 Market Street in Harrisburg, Pennsylvania offers 13,627 square feet of immediately available office space within a larger 88,000 square foot, five-story Class B building. This multi-tenant property, built in 1986, is situated on a 0.78-acre lot and zoned DC - Downtown Center. Individual suites range from a minimum of 545 square feet to a maximum contiguous space of 10,178 square feet, with eight spaces currently available. The property's central location in the heart of Harrisburg's downtown business district provides convenient access to hotels, restaurants, the train station, and the State Capitol Complex. The building is expertly managed to ensure a smooth and efficient tenant experience. The property's address is 225 Market Street, Harrisburg, PA 17101, with Dauphin County APN numbers 03-001-074 & 045. This is an exceptional opportunity for businesses seeking high-quality office space in a vibrant and accessible location. The property is categorized as both retail and office, offering a versatile space for a variety of business needs.

    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
    -76.8805522
    Latitude
    40.2606224

    Comparable in this City

    • Contact for pricing

      Mixed-Use Development in Harrisburg

      Centrally located mixed-use development in Harrisburg's Central Business District.
      320 Market St, Harrisburg, PA 17101
      View Details
    • Contact for pricing

      Harrisburg Retail/Office Space Available

      2,639 SF retail/office space in Harrisburg's central business district.
      312 Chestnut St, Harrisburg, PA 17101
      View Details
    • $12 SF/Yr
      288,000 SF

      Class A Mixed-Use Space

      Premier office, commercial, and residential space in downtown Harrisburg.
      301 Chestnut St, Harrisburg, PA 17101
      View Details
    • $14 SF/Yr

      Historic Office Building Capitol Views

      Multi-tenant office building with views of the Pennsylvania State Capitol.
      236 N 3Rd St, Harrisburg, PA 17101
      View Details
    • $750 /Mo
      158 SF

      Unique Historical Office Building

      Flexible office spaces in downtown Harrisburg with tenant-friendly terms.
      105-107 N Front St, Harrisburg, PA 17101
      View Details
    • $20 SF/Yr

      Class A Office Building

      Class A office building with skywalk and connected parking.
      30 N 3Rd St, Harrisburg, PA 17101
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Riverfront Office Building with Parking

      Single-tenant office building with covered parking and long-term lease.
      305 North Front St, Harrisburg, PA 17101
      View Details
    • $1,795,000
      20,000 SF

      Downtown Harrisburg Mixed-Use Property

      Mixed-use property with restaurants and office space in Harrisburg.
      201 N 2Nd St, Harrisburg, PA 17101
      View Details
    • $1,200,000
      0.25 Acres

      Historic Harrisburg Building on Riverfront

      Three-story brick building with river views and redevelopment potential.
      213 N Front St, Harrisburg, PA 17101
      View Details
    • Contact for pricing

      Downtown Harrisburg Class A Office

      Premier Class A office building in downtown Harrisburg.
      409 N 2Nd St, Harrisburg, PA 17101
      View Details
    • $10,950,000
      98,520 SF

      Harrisburg Office Building, $10.95M

      Prime Harrisburg Office, Riverfront Views
      100 Pine St, Harrisburg, PA 17101
      View Details
    • Contact for pricing

      Historic Riverfront Building For Sale

      Three-story brick building with river views and parking.
      213 N Front St, Harrisburg, PA 17101
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Development in Harrisburg

      Centrally located mixed-use development in Harrisburg's Central Business District.
      320 Market St, Harrisburg, PA 17101
      View Details
    • Contact for pricing

      Harrisburg Retail/Office Space Available

      2,639 SF retail/office space in Harrisburg's central business district.
      312 Chestnut St, Harrisburg, PA 17101
      View Details
    • $12 SF/Yr
      288,000 SF

      Class A Mixed-Use Space

      Premier office, commercial, and residential space in downtown Harrisburg.
      301 Chestnut St, Harrisburg, PA 17101
      View Details
    • $14 SF/Yr

      Historic Office Building Capitol Views

      Multi-tenant office building with views of the Pennsylvania State Capitol.
      236 N 3Rd St, Harrisburg, PA 17101
      View Details
    • $750 /Mo
      158 SF

      Unique Historical Office Building

      Flexible office spaces in downtown Harrisburg with tenant-friendly terms.
      105-107 N Front St, Harrisburg, PA 17101
      View Details
    • Contact for pricing

      Ten-Story Office Building in Harrisburg

      High-profile office building with traffic-generating tenants in downtown Harrisburg.
      30 N 3Rd St, Harrisburg, PA 17101
      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.
    225 Market St
    Harrisburg, PA 17101
    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.
    Sign Up Successful!
    You now have access to more from Realmo!