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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Industrial properties
251 Progress Ave Harrisburg, PA 17109-1927
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-2439844
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1972
Total area
7,682 SF
Lot
2.54 ac (110,642 SF)
APN
62-033-242
UPID
US73-2439844
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
-
Kinara Collections Clothing Store
-
Shree Threading and Spa Hair Salon Nail Salon
-
Peachtree Restaurant and Lounge Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$762k
Blend (final)
Blend
$715k
Owner & transaction history
Alexios Giannakopoulos · 1 yrs held
Alexios Giannakopoulos
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+45.1%
Retail stores
$1.1M
+39.4%
Restaurant
$1.1M
+36.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$775,000
Current use
MEDICAL BUILDING
$1,130,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$1,085,000
Change: +39% · Conversion: Moderate
RESTAURANT
$1,060,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$780,000
Change: +0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$655,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10%
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
$93 / 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
$19,116
Tax year 2023
Assessed value
$608,600
Assessed 2024
Previous assessed
$608,600
+0.0% YoY
Effective rate
3.14%
On assessed value
Assessed land
$371,300
Assessed improvement
$237,300
Land market value
$371,300
Improvement market value
$237,300
Total market value
$608,600
Applied tax rate
62.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1972
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,682 SF
Lot
2.54 ac (110,642 SF)
APN
62-033-242
UPID
US73-2439844
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
INDUSTRIAL (GENERAL) Current
Est. value
$775,000
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$780,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$655,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1972
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.54 ac
Current owner
From public records · entity-resolved
Alexios Giannakopoulos
Individual
Mailing address
251 N PROGRESS AVE, HARRISBURG, PA 17109-1927
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2024
—
Alexios Giannakopoulos
Olympia Giannakopoulos
Intrafamily Transfer
related
—
May 5, 2022
—
Arthur Giannakopoulos
Arthur Giannakopoulos
Intrafamily Transfer
related
—
Jun 14, 2018
—
Arthur Giannakopoulos
—
Deed
related
$130,000 · Mid Penn Bk
—
—
Arthur Giannakopoulos
—
Loan Modification
related
$50,000 · Mid Penn Bk
—
—
Arthur Giannakopoulos
—
Loan Modification
related
$75,000 · Mid Penn Bk
—
—
Giannakopoulos,arthur & Olympia
—
Deed Of Trust
related
$20,000 · Mid Penn Bk
—
—
Arthur Giannakopoulos
—
Deed Of Trust
related
$300,000 · Mid Penn Bank
—
—
Arthur Giannakopoulos
—
Deed Of Trust
related
$130,000 · Mid Penn Bk
—
—
Arthur Giannakopoulos
—
Deed Of Trust
related
$200,000 · Fulton Bank
—
—
Arthur Giannakopoulos
—
Deed Of Trust
related
$335,000 · Fulton 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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