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Property profile & analytics
OFF-MARKET
Estimated value
$4,610,000
Hotels
450 Friendship Rd L3B, Harrisburg, PA 17111-1203
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-3534407
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2008
Total area
56,261 SF
Lot
3.28 ac (142,877 SF)
APN
63-027-278
UPID
US73-3534407
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
-
450 Friendship Road Parking Parking Lot & Garage
-
TownePlace Suites Harrisburg Hershey Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.61M
Owner & transaction history
Mcr Harrisburg LLC · 7 yrs held
Mcr Harrisburg LLC
since 2018
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$82 / 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
$85,833
Tax year 2023
Assessed value
$3,029,000
Assessed 2024
Previous assessed
$3,144,000
-3.7% YoY
Effective rate
2.83%
On assessed value
Assessed land
$350,200
Assessed improvement
$2,678,800
Land market value
$350,200
Improvement market value
$2,678,800
Total market value
$3,029,000
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
2008
Heating
YES
Cooling
YES
Stories
1
Total area
56,261 SF
Lot
3.28 ac (142,877 SF)
APN
63-027-278
UPID
US73-3534407
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
Building & site characteristics
From public records
Year built
2008
Heating
YES
Cooling
Yes
Stories
1
Lot
3.28 ac
Current owner
From public records · entity-resolved
Mcr Harrisburg LLC
Entity
Mailing address
3200 OLYMPUS BLVD STE #400, COPPELL, TX 75019-5889
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2024
—
Mcr Harrisburg LLC
—
Deed
related
$300,000,000 · Jpmorgan Chase Bank NA
Jul 14, 2022
—
Mcr Harrisburg LLC
—
Deed
related
$370,000,000 · Wells Fargo Bank NA
Dec 21, 2018
—
Mcr Harrisburg LLC
—
Grant Deed
related
$8,362,000 · Manufacturers & Traders Tr
Aug 17, 2018
—
Mcr Harrisburg LLC
Bre Hospitality Pa Prop Owner
Grant Deed
—
Jul 17, 2017
—
Bre Hospitality Pa Prop Owner
—
Grant Deed
related
$1,393,500,000 · Morgan Stanley Bk
Dec 30, 2013
—
Hospitality Pa Prop Owner Bre
Hhlp Harrisburg Friendship LP
Grant Deed
related
$126,000,000 · German American Capital Corp
Jul 7, 2008
—
Hhlp Harrisburg Friendship
—
Deed Of Trust
related
$9,250,000 · Susquehanna Bank Pa
May 15, 2008
$12,683,000
Hhlp Harrisburg Friendship
Techport Hospitality LLC
Grant Deed
—
Jun 23, 2006
$1,000,000
Techport Hospitality LLC
H & S Investment
Grant Deed
—
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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