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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Investment properties
2502 Walnut St Harrisburg, PA 17103-1762
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1893029
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1948
Total area
7,820 SF
Lot
0.22 ac (9,583 SF)
APN
48-005-025
UPID
US73-1893029
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$650k
Owner & transaction history
Rnm Group LLC · 1 yrs held
Rnm Group LLC
since 2025
Last sale
$780,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+109.5%
Industrial (general)
$790,000
+53.8%
Apartment house (5+ units)
$670,000
+30.0%
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
$640,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$515,000
Current use
RESTAURANT
$1,080,000
Change: +109% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$790,000
Change: +54% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$670,000
Change: +30% · Conversion: Moderate
WAREHOUSE, STORAGE
$425,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $780k (Mar 20 2025)
Last sale anchor
$780k
Mar 20 2025
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
$83 / 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
$7,333
Tax year 2023
Assessed value
$201,500
Assessed 2024
Previous assessed
$201,500
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$38,600
Assessed improvement
$162,900
Land market value
$38,600
Improvement market value
$162,900
Total market value
$201,500
Applied tax rate
48.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1948
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
7,820 SF
Lot
0.22 ac (9,583 SF)
APN
48-005-025
UPID
US73-1893029
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
COMMERCIAL (GENERAL) Current
Est. value
$515,000
RESTAURANT
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$790,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$670,000
WAREHOUSE, STORAGE
Est. value
$425,000
COMMERCIAL (GENERAL) Current
RESTAURANT
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1948
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Rnm Group LLC
Entity
Mailing address
3320 DERRY ST, HARRISBURG, PA 17111-1810
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2025
$780,000
Rnm Group LLC
Michael S Murphy
Deed
$780,000 · Michale Murphy
Dec 24, 2024
—
Michael Murphy
—
Deed
related
$600,000 · Members 1st FCU
—
—
Murphy,michael S
—
Deed Of Trust
related
$360,000 · Centric Bk NA
—
—
Michael S Murphy
—
Deed Of Trust
related
$635,000 · Graystone Bank
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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