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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4200 Derry St Harrisburg, PA 17111

    • Strip malls
    • 43,707 SF
    • 7.80 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2914269
    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

    • The Home Depot / Building Supply / Hardware & Home Improvement
    • Papa John's Pizza / Restaurant
    • Urban Air Trampoline and Adventure Park / Tour Operator / Campground & RV Park
    • Sherwin-Williams Paint Store / Hardware & Home Improvement / Building Supply
    • PetSmart Dog Training / Animal Training

    Property Details for 4200 Derry St

    Year built
    1962
    Lot size
    7.80 lot acres
    Property size
    43,707 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    63-001-045
    APU
    63001045

    Description

    East Park Center, a thriving retail shopping center, presents a compelling investment opportunity in Harrisburg, PA. Strategically located along Derry Street, this 157,414 square foot strip center sits on a generous 19.77-acre lot. The center boasts a strong anchor tenant, Home Depot, and a diverse mix of national and local businesses, including PetSmart, Sherwin Williams, M&T Bank, and Papa John's. This ensures a consistent flow of high-traffic foot and vehicle traffic. Three spaces are currently available, ranging in size from 1,200 to 6,000 square feet, offering flexibility for various retail and restaurant concepts. The property's design incorporates multiple convenient access points and excellent visibility from Derry Street, maximizing exposure and accessibility for potential tenants and customers. This prime location and established tenant base make East Park Center an ideal choice for businesses seeking a high-traffic, well-established retail environment in a vibrant Harrisburg market. The property's size and configuration provide ample opportunity for expansion or adaptation to suit a variety of business needs. This is a rare opportunity to secure a space within a successful and well-positioned retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,175,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8098
    Latitude
    40.2595
    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
    $148,411
    $900,900
    $4,336,400
    $5,237,300
    -
    $900,900
    $4,336,400
    $5,237,300

    Comparable in this City

    • 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
      $1,725,000
      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
      $500,000
      12,614 SF

      3350 Paxton St

      SHOPPING CENTER, STRIP CENTER • 12,614 SF
      3350 Paxton St, Harrisburg, PA 17111-1464
      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
      $1,170,000
      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
      3,177 SF

      Restaurant with High-Traffic Location

      3,177 SF restaurant with bar, apartment, and liquor license.
      3791 Derry St, Harrisburg, PA 17111
      View Details
    • New
      $395,000
      20,000 SF

      Mixed-Use Property with Retail and Apartments

      Established flower shop with four apartments in Harrisburg, Pennsylvania.
      647 S 29Th St, Harrisburg, PA 17111
      View Details
    • $5,383,545
      27,314 SF

      Harrisburg Medical Office Complex

      Multi-tenant medical office building, high cap rate.
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    • $995,000
      6.23 Acres

      Owens Industrial Park Warehouse

      17,680 SF Warehouse, 3.5 Acres
      1345 Eisenhower Blvd, Harrisburg, PA 17111
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    • $815,000
      13,939 SF

      Harrisburg Industrial Property

      13,939 SF Warehouse/Flex Space, PA
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      11.40 Acres

      Harrisburg Executive Office Building

      Prime Harrisburg location, high visibility, great investment.
      3721 Tecport Dr, Harrisburg, PA 17111
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    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
    • $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
      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
      93,272 SF

      Derry Street Retail Center

      Harrisburg Retail Space Available
      3901 Derry St, 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
      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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