Sign Up Successful!
You now have access to more from Realmo!
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

    2450 Brindle Dr, Unit UT2 Harrisburg, PA 17110-9700

    • Hotels
    • 64,319 SF
    • 2.91 lot acres
    OFF-MARKET
    Value Estimations
    $5,855,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5119389
    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

    • Home2 Suites by Hilton Harrisburg North / Hotel / Extended Stay Hotel

    Property Details for 2450 Brindle Dr

    Year built
    2020
    Lot size
    2.91 lot acres
    Property size
    64,319 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    62-023-097
    APU
    62023097

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,065,000
      6.5%
      $7,445,000
      7%
      $6,915,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $9,440,000
      RETAIL STORES
      $9,075,000
      RESTAURANT
      $8,865,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8472
    Latitude
    40.303
    CBSA code
    25420
    CBSA name
    HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $134,419
    $697,000
    $3,582,500
    $4,279,500
    -
    $697,000
    $3,582,500
    $4,279,500

    Comparable in this City

    • Value Estimation
      $8,165,000
      86,954 SF

      2250 Kohn Rd

      HOTEL/MOTEL • 86,954 SF
      2250 Kohn Rd, Harrisburg, PA 17110-9603
      View Details
    • Value Estimation
      $1,165,000
      7,365 SF

      2909 Frnt St

      HOTEL/MOTEL • 7,365 SF
      2909 Frnt St, Harrisburg, PA 17110-1223
      View Details
    • Value Estimation
      $6,015,000
      43,112 SF

      3919 Frnt St

      HOTEL/MOTEL • 43,112 SF
      3919 Frnt St, Harrisburg, PA 17110-1536
      View Details
    • Value Estimation
      $3,415,000
      55,677 SF

      150 Nationwide Dr

      HOTEL/MOTEL • 55,677 SF
      150 Nationwide Dr, Harrisburg, PA 17110-9746
      View Details
    • Value Estimation
      $6,155,000
      68,966 SF

      30 Capital Dr

      HOTEL/MOTEL • 68,966 SF
      30 Capital Dr, Harrisburg, PA 17110-9446
      View Details
    • Value Estimation
      $6,165,000
      68,497 SF

      15 Capital Dr

      HOTEL/MOTEL • 68,497 SF
      15 Capital Dr, Harrisburg, PA 17110-9446
      View Details

    Similar Nearby for Sale

    • $490,000
      6,345 SF

      Harrisburg 5-Unit Apartment Building

      Turnkey Multi-Family, High NOI, Excellent Cash Flow
      420 Wiconisco St, Harrisburg, PA 17110
      View Details
    • $2,340,000
      52,000 SF

      Harrisburg Industrial Property

      52,000 SF Warehouse, Mixed-Use
      417-419 4Th St, Harrisburg, PA 17110
      View Details
    • $795,000
      0.75 Acres

      Harrisburg Riverfront Commercial Land

      0.75-acre lot, stunning river views, prime location.
      2521 Front St, Harrisburg, PA 17110
      View Details
    • Contact for pricing
      165,000 SF

      Prime Commercial Development Sites

      High-visibility commercial land along I-81 in Harrisburg, PA.
      1000 Nationwide Dr, Harrisburg, PA 17110
      View Details
    • $890,000
      10,050 SF

      Freestanding Warehouse with I-81 Access

      10,050 SF warehouse with updated features and outdoor storage.
      3309 N 6Th St, Harrisburg, PA 17110
      View Details
    • $121,440
      43,200 SF

      Office Condo on Linglestown Road

      1,104 SF office condo for sale or lease.
      2151 Linglestown Rd, Harrisburg, PA 17110
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      70,000 SF

      River Chase Office Center: Harrisburg, PA

      Class A Office Space, Harrisburg, PA
      4431 Front St, Harrisburg, PA 17110
      View Details
    • Contact for pricing
      110,384 SF

      Susquehanna Marketplace Retail Spaces

      Prime Retail, Multiple Units Available
      2547 Brindle Dr, Harrisburg, PA 17110
      View Details
    • $10 SF/Yr
      17,000 SF

      Commerce Business Park Office Space

      Well-maintained office space in a desirable business park location.
      2850 Commerce Dr, Harrisburg, PA 17110
      View Details
    • $17 SF/Yr
      68,000 SF

      Two-Story Office Building For Rent

      Two-story office building with recent renovations and flexible lease terms.
      2300 Vartan Way, Harrisburg, PA 17110
      View Details
    • $5 SF/Yr
      18,400 SF

      Harrisburg Industrial Flex Space Available

      18,400 SF industrial flex space for lease in Harrisburg.
      3307 N 6Th St, Harrisburg, PA 17110
      View Details
    • $19 SF/Yr
      2,240 SF

      Finished Office Suite For Rent

      2,240 SF office space with high-end buildout, immediate occupancy.
      800 Corporate Cir, Harrisburg, PA 17110
      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.
    2450 Brindle Dr, Unit UT2
    Harrisburg, PA 17110-9700
    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.