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Property profile & analytics
OFF-MARKET
Estimated value
$17,230,000
Hotels
4650 Lindle Rd Harrisburg, PA 17111-2426
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1442254
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1980
Construction
FRAME
Total area
167,713 SF
Lot
11.5 ac (500,940 SF)
APN
63-027-175
UPID
US73-1442254
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
-
Dog & Pony Restaurant & Pub Bar & Pub
-
Sheraton Harrisburg Hershey Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.42M
Comparable Approach
Comparable
$12.80M
Blend (final)
Blend
$17.23M
Owner & transaction history
Harrisburg Hotels LLC · 4 yrs held
Harrisburg Hotels LLC
since 2021
Last sale
$20.0M
4 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
$13,945,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,030,000
6.5%
$19,415,000
7%
$18,025,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$27,350,000
Current use
MEDICAL BUILDING
$24,620,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$23,665,000
Change: -13% · Conversion: Difficult
RESTAURANT
$23,120,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$17.23M
Range $15.51M – $18.95M · ±10% · vs last sale $20.00M (Nov 3 2021)
Last sale anchor
$20.00M
Nov 3 2021
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
$103 / 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
$448,097
Tax year 2023
Assessed value
$15,813,000
Assessed 2024
Previous assessed
$15,813,000
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$7,141,200
Assessed improvement
$8,671,800
Land market value
$7,141,200
Improvement market value
$8,671,800
Total market value
$15,813,000
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
1980
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
4
Total area
167,713 SF
Lot
11.5 ac (500,940 SF)
APN
63-027-175
UPID
US73-1442254
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
HOTEL/MOTEL Current
Est. value
$27.4M
MEDICAL BUILDING
Est. value
$24.6M
RETAIL STORES
Est. value
$23.7M
RESTAURANT
Est. value
$23.1M
HOTEL/MOTEL Current
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
1980
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
2
Lot
11.5 ac
Current owner
From public records · entity-resolved
Harrisburg Hotels LLC
Entity
Mailing address
4650 LINDLE RD, HARRISBURG, PA 17111-2426
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2021
$20,000,000
Harrisburg Hotels LLC
Hbpa Associates LLC
Special Warranty Deed
$23,000,000 · Ggp Hotel Harrisburg Funder LLC
Nov 30, 2020
—
Shh Partners LP
—
Deed
related
$25,550,000 · Manufactures & Traders Tr Co
Apr 12, 2005
$14,927,219
W2005 Wyn Hotels
Swatara Associates
Deed Of Trust
related
$230,300,000 · Archon Financial LP
—
—
Shh Partners LP
—
Loan Modification
related
$25,550,000 · Manufactures & Traders Tr Co
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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