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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Hotels
4480 Lewis Rd, Harrisburg, PA 17111-2540
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US73-1679476
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1988
Construction
FRAME
Total area
7,729 SF
Lot
4.01 ac (174,676 SF)
APN
63-027-248
UPID
US73-1679476
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
-
Residence Inn Harrisburg Hershey Hotel & Motel
-
Public Parking Parking Lot & Garage
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$895k
Comparable Approach
Comparable
$767k
Blend (final)
Blend
$725k
Owner & transaction history
Grand Prix Harrisburg LLC · 18 yrs held
Grand Prix Harrisburg LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$515,000
CAP Approach
CAP Return
Estimation
6%
$970,000
6.5%
$895,000
7%
$830,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,135,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$1,090,000
Change: -13% · Conversion: Difficult
RESTAURANT
$1,065,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$94 / 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
$155,911
Tax year 2023
Assessed value
$5,502,000
Assessed 2024
Previous assessed
$8,011,500
-31.3% YoY
Effective rate
2.83%
On assessed value
Assessed land
$1,303,300
Assessed improvement
$4,198,700
Land market value
$1,303,300
Improvement market value
$4,198,700
Total market value
$5,502,000
Applied tax rate
63.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
HEAT PUMP
Buildings
4
Stories
2
Total area
7,729 SF
Lot
4.01 ac (174,676 SF)
APN
63-027-248
UPID
US73-1679476
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
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
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
1988
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Buildings
4
Lot
4.01 ac
Current owner
From public records · entity-resolved
Grand Prix Harrisburg LLC
Entity
Mailing address
545 E JOHN CARPENTER FWY STE #1400, IRVING, TX 75062-3933
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2019
—
Grand Prix Harrisburg LLC
—
Grant Deed
related
$755,000,000 · Bank Of America
May 18, 2017
—
Grand Prix Harrisburg LLC
—
Grant Deed
related
$754,000,000 · Morgan Stanley Bk
Jun 19, 2014
—
Grand Prix Harrisburg LLC
—
Deed Of Trust
related
$635,000,000 · Jp Morgan Chase Bank NA
Feb 29, 2012
—
Grand Prix Harrisburg LLC
—
Deed Of Trust
related
$90,000,000 · Wells Fargo Bank
Jul 10, 2007
—
Grand Prix Harrisburg LLC
Innkeepers USA
Grant Deed
$500,000,000 · Lehman Ali INC
—
—
Grand Prix Harrisburg LLC
—
Deed Of Trust
related
$575,000,000 · J P Morgan Chase Bank
—
—
Grand Prix Harrisburg LLC
—
Deed Of Trust
related
—
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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