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

    4400 Lewis Rd Harrisburg, PA 17111

    • Office Properties & Spaces
    • 23,681 SF
    • 2.60 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0967087
    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

    • Mallinckrodt Inc / Pharmaceutical Company
    • Lauren A. Anderson, DPT / Physical Therapist / Physical Therapy Clinic
    • Zumkhawala Dolar A MD / Doctor
    • Dennika L. Weller, PT / Physical Therapist
    • Dr. Lacreasia K. Wheat, MD / Internist

    Property Details for 4400 Lewis Rd

    Year built
    1989
    Lot size
    2.60 lot acres
    Property size
    23,681 SF
    Property type
    Office Properties & Spaces
    APN
    63-027-250
    APU
    63027250

    Description

    This light industrial, office, or flex space offers 2,544 square feet of versatile space for lease in Harrisburg, PA. Located at 4400 Lewis Road, Unit F, this single-story unit is part of a multi-tenant building with a mix of office and shop spaces. The property sits on a 2.6-acre lot providing ample parking, with seven spaces specifically designated for DoorDash. The lease is a NNN (Net, Net, Net) arrangement. This prime location offers easy access to major transportation arteries, including Eisenhower Boulevard and proximity to Interstates 83, 283, Route 322, 422, 81, and 76. The property's convenient location places it just minutes from Harrisburg, Hershey, the Capital Complex, and Harrisburg International Airport. This presents a unique opportunity for businesses seeking a functional and strategically located space to operate. The building is designed to accommodate a variety of business needs, making it an ideal choice for companies seeking flexibility and convenience. The shared parking lot ensures sufficient space for employees and clients. The NNN lease structure provides transparency and predictability in operating costs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,938,000
      Market price range: $1.21M - $3.27M
      AI Estimate
      $1,625,000
      Market price range: $805k - $2.51M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,185,000
      Current use
      MEDICAL BUILDING
      $3,475,000
      Change: +59% Conversion: Easy
      RETAIL STORES
      $3,340,000
      Change: +53% Conversion: Easy
      RESTAURANT
      $3,265,000
      Change: +50% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,395,000
      Change: +10% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $2,025,000
      Change: -7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8071
    Latitude
    40.2521
    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
    $32,849
    $270,400
    $888,800
    $1,159,200
    -
    $270,400
    $888,800
    $1,159,200

    Comparable in this City

    • Value Estimation by Request
      5,425 SF

      4518 Un Deposit Rd2a

      CONDOMINIUM OFFICES • 5,425 SF
      4518 Un Deposit Rd2a, Harrisburg, PA 17111-2921
      View Details
    • Value Estimation
      $550,000
      2,516 SF

      6291 Lyters Ln

      OFFICE (GENERAL) • 2,516 SF
      6291 Lyters Ln, Harrisburg, PA 17111-4622
      View Details
    • Value Estimation by Request
      3,009 SF

      2912 Paxton St

      OFFICE (GENERAL) • 3,009 SF
      2912 Paxton St, Harrisburg, PA 17111-1325
      View Details
    • Value Estimation
      $685,000
      8,960 SF

      7141 Paxton St

      OFFICE (GENERAL) • 8,960 SF
      7141 Paxton St, Harrisburg, PA 17111-5125
      View Details
    • Value Estimation by Request
      2,407 SF

      3401 Derry St

      OFFICE (GENERAL) • 2,407 SF
      3401 Derry St, Harrisburg, PA 17111-1813
      View Details
    • Value Estimation by Request
      1,042 SF

      4806 Derry St

      OFFICE (GENERAL) • 1,042 SF
      4806 Derry St, Harrisburg, PA 17111-3440
      View Details

    Similar Nearby for Sale

    • $5,383,545
      27,314 SF

      Harrisburg Medical Office Complex

      Multi-tenant medical office building, high cap rate.
      479 Port View Dr, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      11.40 Acres

      Harrisburg Executive Office Building

      Prime Harrisburg location, high visibility, great investment.
      3721 Tecport Dr, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      145,700 SF

      Harrisburg Office Building For Sale

      145,700 SF office building in Tecport Business Center.
      3721 Tecport Dr, Harrisburg, PA 17111
      View Details
    • $1,700,000
      11,080 SF

      Modern Flex Building in Harrisburg

      11,080 SF flex building with office and warehouse space.
      7701 Derry St, Harrisburg, PA 17111
      View Details
    • $973,680
      30,000 SF

      Medical/Professional Office Suite Available

      8,190 SF medical/professional office suite for sale or lease.
      Union Deposit Rd, Harrisburg, PA 17111
      View Details
    • $995,000
      6.23 Acres

      Owens Industrial Park Warehouse

      17,680 SF Warehouse, 3.5 Acres
      1345 Eisenhower Blvd, Harrisburg, PA 17111
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      46,241 SF

      Harrisburg Executive Office Suites

      Class A Office Space, Multiple Suites Available
      651 Park Dr, Harrisburg, PA 17111
      View Details
    • $14 SF/Yr
      54,000 SF

      Tecport Business Center: Harrisburg, PA

      Harrisburg Office Space: Flexible Suites Available
      441 Friendship Rd, Harrisburg, PA 17111
      View Details
    • $15 SF/Yr
      24,160 SF

      Harrisburg Office Building For Lease

      Modern flex office space, multiple suites available.
      353 Markle Dr, Harrisburg, PA 17111
      View Details
    • $17 SF/Yr
      1,765 SF

      Renovated Office Suite Available Now

      Recently renovated 1,765 SF office suite near retail and restaurants.
      801 E Park Dr, Harrisburg, PA 17111
      View Details
    • $15 SF/Yr
      2,500 SF

      Harrisburg Office Space For Rent

      Office space available for lease in Harrisburg, Pennsylvania.
      7813 Derry St, Harrisburg, PA 17111
      View Details
    • $15 SF/Yr
      4,652 SF

      Harrisburg Office Space Sublease Opportunity

      Recently renovated office space with flexible lease terms and ample parking.
      449 Eisenhower Blvd, Harrisburg, PA 17111
      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.
    4400 Lewis Rd
    Harrisburg, PA 17111
    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.