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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Turn key restaurants
236 2nd St, Harrisburg, PA 17101-1422
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0484324
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1948
Total area
10,428 SF
Lot
0.08 ac (3,485 SF)
APN
04-030-007
UPID
US73-0484324
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
-
Nocturnal Nightclub DJ & Entertainment
-
The Fox On Washington Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$834k
Blend (final)
Blend
$790k
Owner & transaction history
Second And Pine Ventures LLC · 3 yrs held
Second And Pine Ventures LLC
since 2023
Last sale
$750,000
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
Method
Estimation
Statistic approach
$840,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $750k (Jan 6 2023)
Last sale anchor
$750k
Jan 6 2023
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
$76 / 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
$17,752
Tax year 2023
Assessed value
$348,000
Assessed 2024
Previous assessed
$348,000
+0.0% YoY
Effective rate
5.10%
On assessed value
Assessed land
$105,800
Assessed improvement
$242,200
Land market value
$105,800
Improvement market value
$242,200
Total market value
$348,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1948
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
10,428 SF
Lot
0.08 ac (3,485 SF)
APN
04-030-007
UPID
US73-0484324
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
1948
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Second And Pine Ventures LLC
Entity
Mailing address
1370 E LISBURN RD, MECHANICSBURG, PA 17055-5935
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2025
—
Second And Pine Ventures LLC
—
Deed
related
$2,130,000 · Mid Penn Bank
Mar 31, 2023
—
Second And Pine Ventures LLC
—
Deed
related
$100,000 · Mid Penn Bank
Jan 6, 2023
$750,000
Second And Pine Ventures LLC
Kenil Associates LLC
Deed
$600,000 · Mid Penn Bank
Jun 22, 2022
—
Second And Washington LLC
—
Deed
related
$900,000 · Linkbank
Apr 8, 2019
—
Second & Washington LLC
—
Deed
related
$675,000 · S&t Bk
Aug 10, 2018
—
Second & Washington LLC
Upmc Pinnacle Hospitals
Quitclaim Deed
—
Apr 9, 2002
—
Harrisburg Parking Authority
Pennsylvania Garages INC
Grant Deed
related
—
—
—
Kenil Associates LLC
—
Deed Of Trust
related
$150,000 · Commerce Bk/harrisburg
—
—
Ik Second Street Assocs LLC
—
Deed Of Trust
related
$800,000 · Commerce Bk/harrisburg
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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