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Property profile & analytics
OFF-MARKET
Estimated value
$8,730,000
Hotels
23 2nd St Harrisburg, PA 17101-2004
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-2103078
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1964
Total area
146,966 SF
Lot
0.5 ac (21,736 SF)
APN
03-004-018
UPID
US73-2103078
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
-
23 Restaurant Restaurant
-
ATM Atm
-
Crowne Plaza Harrisburg-Hershey Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.73M
Owner & transaction history
23 S 2nd Street LLC · 11 yrs held
23 S 2nd Street LLC
since 2014
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$59 / 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
$200,630
Tax year 2023
Assessed value
$4,181,200
Assessed 2024
Previous assessed
$4,181,200
+0.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$780,500
Assessed improvement
$3,400,700
Land market value
$780,500
Improvement market value
$3,400,700
Total market value
$4,181,200
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1964
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
146,966 SF
Lot
0.5 ac (21,736 SF)
APN
03-004-018
UPID
US73-2103078
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
1964
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
23 S 2nd Street LLC
Entity
Mailing address
23 S 2ND ST, HARRISBURG, PA 17101-2004
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2014
$6,000,000
23 S 2nd Street LLC
Csmc 2007-c1 23 South Lodging
Grant Deed
related
$5,400,000 · Friendwell Sunspring LLC
Jul 10, 2013
$1,513
Csmc 2007-c1 23 South Lodging
Sheriff Of Dauphin County
Trustees Deed
related
—
Oct 13, 2005
$9,400,000
Jay Siaram
Ccm Harrisburg Hotel
Deed Of Trust
related
$9,500,000 · Branch Banking & Trust Co
Jan 21, 2004
$856
Ccm Harrisburg Hotel
High Sheriff Of Dauphin County
Trustees Deed
related
—
Jan 7, 2004
—
Irp Monarch Hotel Assocs
Harriscom INC
Quit Claim Deed
related
—
—
—
23 S 2nd Street LLC
—
Deed Of Trust
related
$1,400,000 · Ctbc Bk Co
—
—
23 S 2nd Street LLC
—
Deed Of Trust
related
$14,000,000 · Malvern Fsb
—
—
Jay Siaram
—
Deed Of Trust
related
$10,200,000 · Column Financial INC
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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