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    4600 Jonestown Rd Harrisburg, PA 17109
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    Property profile & analytics

    4600 Jonestown Rd, Harrisburg, PA 17109

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    • Strip malls
    • 92,665 SF
    • 12.45 lot acres
    For Lease
    $950,000
    View Listing →
    Retail Space Near Interstate 83 For Lease
    $950,000
    3,655 SF

    Retail Space Near Interstate 83

    Retail space with high traffic and excellent demographics.

    4600 Jonestown Rd, Harrisburg, PA
    View Listing
    Property ID
    US73-2516092
    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.
    Value Estimations
    $950,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Osaka Japan Grille II Inc / Restaurant
    • China Max / Restaurant
    • Colonial Park Mall / Shopping Center & Mall
    • KAY Jewelers / (Bike/Boat/Book/etc) Store
    • Boscov's / Department Store

    Property Details for 4600 Jonestown Rd

    Year built
    1959
    Lot size
    12.45 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    35-037-005
    APU
    35037005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $605,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,288,000
      Market price range: $1.00M - $3.85M

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8163
    Latitude
    40.3022
    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
    $91,694
    $1,594,400
    $1,811,600
    $3,406,000
    -
    $1,594,400
    $1,811,600
    $3,406,000

    Comparable in this City

    • Value Estimation
      $8,800,000
      371,502 SF

      4300 Jonestown Rd

      SHOPPING CENTER, STRIP CENTER
      4300 Jonestown Rd, Harrisburg, PA 17109-6208
      View Details
    • Value Estimation
      $2,110,000
      82,881 SF

      5005 Devonshire Rd

      SHOPPING CENTER, STRIP CENTER
      5005 Devonshire Rd, Harrisburg, PA 17109-1730
      View Details
    • Value Estimation by Request
      13,490 SF

      3960 Jonestown Rd

      SHOPPING CENTER, STRIP CENTER
      3960 Jonestown Rd, Harrisburg, PA 17109-2209
      View Details
    • Value Estimation by Request
      207,012 SF

      3830 Un Deposit Rd

      SHOPPING CENTER, STRIP CENTER
      3830 Un Deposit Rd, Harrisburg, PA 17109-5919
      View Details
    • Value Estimation
      $13,800,000
      30,704 SF

      4813 Jonestown Rd

      SHOPPING CENTER, STRIP CENTER
      4813 Jonestown Rd, Harrisburg, PA 17109-1748
      View Details
    • Value Estimation
      $3,735,000
      284,737 SF

      3903 Un Deposit Rd

      SHOPPING CENTER, STRIP CENTER
      3903 Un Deposit Rd, Harrisburg, PA 17109-5922
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Retail/Flex Building on Acre Lot

      10,000 SF retail/flex building for sale near Union Deposit Road.
      1005 Briarsdale Rd, Harrisburg, PA 17109
      View Details
    • $699,000
      0.14 Acres

      Harrisburg Retail Investment Opportunity

      High-traffic retail building with apartment.
      4814 Jonestown Rd, Harrisburg, PA 17109
      View Details
    • Contact for pricing
      3,862 SF

      Mixed-Use Property in Harrisburg

      Mixed-use property with commercial storefront and residential apartments in Harrisburg.
      3105 Walnut St, Harrisburg, PA 17109
      View Details
    • Contact for pricing
      3,382 SF

      S&T Bank Ground Lease Asset

      3,382 SF S&T Bank ground lease in Harrisburg, PA.
      301 Colonial Rd, Harrisburg, PA 17109
      View Details
    • Contact for pricing
      4,828 SF

      Freestanding Restaurant Building in Harrisburg

      Freestanding restaurant building with parking and high traffic visibility.
      4014 Jonestown Rd, Harrisburg, PA 17109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space at Union Deposit

      Retail space available in Harrisburg, Pennsylvania with high visibility.
      3823-3915 Union Deposit Rd, Harrisburg, PA 17109
      View Details
    • Contact for pricing

      Retail Space at The Point

      Shopping center anchored by Giant Food Store and Burlington.
      4023 Union Deposit Rd, Harrisburg, PA 17109
      View Details
    • $14 SF/Yr

      Flexible Office/Retail Space Available

      Bright office/retail suites starting at 385 SF on Jonestown Road.
      4807-4815 Jonestown Rd, Harrisburg, PA 17109
      View Details
    • Contact for pricing

      Retail Single Tenant Space

      Retail space available for rent, 4,494 square feet.
      3952 Union Deposit Rd, Harrisburg, PA 17109
      View Details
    • Contact for pricing

      Former Bank with Drive-Thru

      1,976 SF Harrisburg property with drive-thru for rent.
      4206 Union Deposit Rd, Harrisburg, PA 17109
      View Details
    • Contact for pricing

      Versatile Commercial Suite for Lease

      1,495 SF suite ideal for daycare, office, or therapy.
      3301 Schoolhouse Ln, Harrisburg, PA 17109
      View Details

    Property Visit Statistics

    • Visits by month
      56.0k
    • Visitors by month
      40.3k
    • Avg Time on site
      41 min
    View Listing
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    Harrisburg, PA 17109
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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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    4600 Jonestown Rd, Harrisburg, PA, 17109
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