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

    3650 Vartan Way Harrisburg, PA 17110-9438

    • Specialty properties
    • 41,008 SF
    • 8.44 lot acres
    OFF-MARKET
    Value Estimations
    $3,180,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2327116
    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

    • Harrisburg Adult Rehabilitation Center / Rehabilitation Center / Second Hand Store
    • Erik B. Hohn, MS / Counselor

    Property Details for 3650 Vartan Way

    Year built
    1989
    Lot size
    8.44 lot acres
    Property size
    41,008 SF
    Property type
    Specialty properties
    APN
    62-021-157
    APU
    62021157

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $4,485,000
      Current use
      AUTO REPAIR, GARAGE
      $4,035,000
      Change: -10% Conversion: Difficult
      RESTAURANT
      $4,015,000
      Change: -10% Conversion: Difficult
      OFFICE BUILDING
      $3,985,000
      Change: -11% Conversion: Difficult
      RETAIL STORES
      $3,605,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8545
    Latitude
    40.319
    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
    $129,164
    $902,200
    $3,210,000
    $4,112,200
    -
    $902,200
    $3,210,000
    $4,112,200

    Comparable in this City

    • Value Estimation by Request
      7,628 SF

      225 Greenawalt Ln

      PROFESSIONAL CLUBS/ASSOCIATIONS • 7,628 SF
      225 Greenawalt Ln, Harrisburg, PA 17110-1550
      View Details
    • Value Estimation by Request
      2,009 SF

      4023 Thicket Ln

      CHARITABLE ORGANIZATION • 2,009 SF
      4023 Thicket Ln, Harrisburg, PA 17110-3605
      View Details
    • Value Estimation by Request
      1,688 SF

      2900 Grn St

      CHARITABLE ORGANIZATION • 1,688 SF
      2900 Grn St, Harrisburg, PA 17110-1230
      View Details
    • Value Estimation by Request
      1,660 SF

      1135 Countryside Dr

      CHARITABLE ORGANIZATION • 1,660 SF
      1135 Countryside Dr, Harrisburg, PA 17110-2802
      View Details
    • Value Estimation by Request
      2,016 SF

      3907 Dora Cir

      CHARITABLE ORGANIZATION • 2,016 SF
      3907 Dora Cir, Harrisburg, PA 17110-3615
      View Details
    • Value Estimation by Request
      14,399 SF

      2909-2917 Front St

      Specialty properties • 14,399 SF
      2909-2917 Front St, Harrisburg, PA 17110
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • $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
    • $327,250
      43,200 SF

      Medical Office Condo For Sale

      2,975 SF condo with exam rooms and medical plumbing.
      2151 Linglestown Rd -, 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

    • $15 SF/Yr
      113,039 SF

      Oakhurst Plaza Retail Center

      Harrisburg, PA retail space available.
      4402 Oakhurst Blvd, Harrisburg, PA 17110
      View Details
    • $16 SF/Yr
      57,456 SF

      Vartan Way Office Suites Available

      Modern glass office building; five suites available.
      3605 Vartan Way, Harrisburg, PA 17110
      View Details
    • $9 SF/Yr
      62,000 SF

      Harrisburg Industrial Space For Lease

      Industrial building with high ceilings and convenient highway access.
      1900 Crooked Hill Rd, Harrisburg, PA 17110
      View Details
    • $15 SF/Yr
      4,500 SF

      Harrisburg Office Space with River Views

      Class B office space with Susquehanna River and park views.
      2505 N Front St, Harrisburg, PA 17110
      View Details
    • $18 SF/Yr
      2,741 SF

      Office Suites on Linglestown Road

      Flexible office suites available in Harrisburg, PA.
      2000 Linglestown Rd, Harrisburg, PA 17110
      View Details
    • $15 SF/Yr
      2,316 SF

      Renovated Office Space Available

      Office suites available in East Shore business district.
      2578 Interstate Dr, 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.
    3650 Vartan Way
    Harrisburg, PA 17110-9438
    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.