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    Property profile & analytics

    3350 Paxton St Harrisburg, PA 17111

    • Strip malls
    • 12,614 SF
    • 5.04 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimations
    $500,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5852184
    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

    • T-Mobile Experience Store / Mobile Phone Store / Electronics & Wireless Store
    • Premier / Furniture & Home Goods / Home Decor Store
    • JFC Global / Employment Agency
    • Premier Rental Purchase / Furniture & Home Goods / Home Decor Store
    • Scottsdale Plaza / Shopping Center & Mall

    Property Details for 3350 Paxton St

    Year built
    1969
    Lot size
    5.04 lot acres
    Property size
    12,614 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    63-024-020
    APU
    63024020

    Description

    Scottsdale Plaza, located at 3350 Paxton St, Harrisburg, PA 17111, presents a compelling investment opportunity in a thriving retail corridor. This three-building strip center encompasses a total of 40,654 square feet on a 5.04-acre lot in Dauphin County. Currently, the center houses a diverse range of tenants, including established businesses such as The Melting Pot and Premiere Rentals, demonstrating strong existing occupancy. Seven spaces are currently available, ranging in size from 1,000 to 3,248 square feet, offering flexibility for various retail, office, or medical uses. The property benefits from its high-traffic location along Paxton Street, with convenient access to I-83, ensuring excellent visibility and accessibility. The surrounding area features a mix of complementary retail establishments and dense residential communities, creating a robust customer base. This strategic location, combined with the available space and existing tenant success, makes Scottsdale Plaza an attractive prospect for businesses seeking to establish or expand their presence in the Harrisburg market. The property's size and configuration provide ample opportunity for growth and diversification of tenant mix.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $524,000
      Market price range: $137k - $524k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $340,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $825,000
      Change: +143% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $800,000
      Change: +136% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8311
    Latitude
    40.2551
    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
    $52,254
    $1,439,400
    $404,600
    $1,844,000
    -
    $1,439,400
    $404,600
    $1,844,000

    Comparable in this City

    • Value Estimation
      $1,135,000
      43,707 SF

      4200 Derry St

      SHOPPING CENTER, STRIP CENTER • 43,707 SF
      4200 Derry St, Harrisburg, PA 17111-2609
      View Details
    • Value Estimation
      $1,725,000
      96,099 SF

      6301 Grayson Rd

      SHOPPING CENTER, STRIP CENTER • 96,099 SF
      6301 Grayson Rd, Harrisburg, PA 17111-3331
      View Details
    • Value Estimation by Request
      2,913 SF

      4203 Un Deposit Rd

      SHOPPING CENTER, STRIP CENTER • 2,913 SF
      4203 Un Deposit Rd, Harrisburg, PA 17111-2802
      View Details
    • Value Estimation by Request
      13,997 SF

      3200 Paxton St

      SHOPPING CENTER, STRIP CENTER • 13,997 SF
      3200 Paxton St, Harrisburg, PA 17111-1339
      View Details
    • Value Estimation
      $1,910,000
      202,054 SF

      3501 Paxton St

      SHOPPING CENTER, STRIP CENTER • 202,054 SF
      3501 Paxton St, Harrisburg, PA 17111-1403
      View Details
    • Value Estimation
      $1,170,000
      48,728 SF

      3rd High Pointe Blvd

      SHOPPING CENTER, STRIP CENTER • 48,728 SF
      3rd High Pointe Blvd, Harrisburg, PA 17111
      View Details

    Similar Nearby for Sale

    • $950,000
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      Restaurant with High-Traffic Location

      3,177 SF restaurant with bar, apartment, and liquor license.
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    • $395,000
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      Mixed-Use Property with Retail and Apartments

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      Harrisburg Industrial Space For Lease

      2,544 SF Flex Space, Excellent Location
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      Modern Flex Building in Harrisburg

      11,080 SF flex building with office and warehouse space.
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      Harrisburg Multifamily Investment Opportunity

      Portfolio of 222 units in 27 buildings in Harrisburg, PA.
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    • $1,200,000
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      Derry Street Mixed-Use Investment

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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      157,414 SF

      East Park Center: Harrisburg Retail

      High-traffic retail center; 3 spaces available.
      4200 Derry St, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      1,600 SF

      Regional Shopping Center Space Available

      Retail space in a high-traffic shopping center.
      4600-4680 High Pointe Blvd, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      103,793 SF

      Harrisburg Retail Center Opportunity

      High-traffic retail space available in Harrisburg, PA.
      6301 Grayson Rd, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      93,272 SF

      Derry Street Retail Center

      Harrisburg Retail Space Available
      3901 Derry St, Harrisburg, PA 17111
      View Details
    • $14 SF/Yr
      40,654 SF

      Harrisburg Retail Plaza Investment

      Prime Harrisburg retail space, 7 units available.
      3350 Paxton St, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      34,938 SF

      Regional Shopping Center Space Available

      324,332 SF shopping center near major retailers.
      4690 High Pointe Blvd, Harrisburg, PA 17111
      View Details
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    Harrisburg, PA 17111
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    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
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