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Property profile & analytics
OFF-MARKET
Estimated value
$2,530,000
Apartment buildings
301 Progress Ave, Harrisburg, PA 17109-6500
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-5696385
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
FRAME
Total area
21,944 SF
Lot
12.4 ac (540,144 SF)
APN
62-047-060
UPID
US73-5696385
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
-
Mr Snax apparel LLC Clothing Store
-
Fatima Morales Consultora de Belleza Mary Kay (Bike/Boat/Book/etc) Store Cosmetic Store
-
The Pines Apartment Complex
-
Cloverleaf Plumbing & Heating Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.69M
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$2.53M
Owner & transaction history
Milbank Pines Owner LP · 8 yrs held
Milbank Pines Owner LP
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+119.0%
Medical building
$3.2M
+71.6%
Retail stores
$3.1M
+65.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,910,000
6.5%
$2,685,000
7%
$2,495,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,875,000
Current use
AUTO REPAIR, GARAGE
$4,110,000
Change: +119% · Conversion: Difficult
MEDICAL BUILDING
$3,220,000
Change: +72% · Conversion: Moderate
RETAIL STORES
$3,095,000
Change: +65% · Conversion: Difficult
RESTAURANT
$3,025,000
Change: +61% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,230,000
Change: +19% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,220,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$2.53M
Range $2.28M – $2.78M · ±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
$115 / 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
$245,720
Tax year 2023
Assessed value
$7,823,000
Assessed 2024
Previous assessed
$7,823,000
+0.0% YoY
Effective rate
3.14%
On assessed value
Assessed land
$2,265,100
Assessed improvement
$5,557,900
Land market value
$2,265,100
Improvement market value
$5,557,900
Total market value
$7,823,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
15
Stories
2
Total area
21,944 SF
Lot
12.4 ac (540,144 SF)
APN
62-047-060
UPID
US73-5696385
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.2M
RETAIL STORES
Est. value
$3.1M
RESTAURANT
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
15
Lot
12.4 ac
Current owner
From public records · entity-resolved
Milbank Pines Owner LP
Entity
Mailing address
135 CROSSWAYS PARK DR STE #401, WOODBURY, NY 11797-2005
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2023
—
Ck Hp The Pines Owner LP
—
Deed
related
$19,616,000 · Walker & Dunlop LLC
Jan 3, 2018
$3,215
Milbank Pines Owner LP
Milbank The Pines LP
Grant Deed
$14,000,000 · Walker & Dunlop
Jan 3, 2018
$12,968
Ck-hp Pines Owner LP
Ck-hp The Pines LP
Grant Deed
—
Jan 3, 2018
$5,252
Hlp Pines Owner LP
Hlp The Pines LP
Grant Deed
—
Mar 5, 2008
$13,660,423
Ck-hp The Pines
New Pines Associates
Grant Deed
$10,999,000 · M & T Realty Capital Corp
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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