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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4814 Jonestown Rd Harrisburg, PA 17109

    • Investment properties
    • 3,860 SF
    • 0.14 lot acres
    For Sale
    View listing
    $699,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0347333
    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

    • Alta View Wellness Center / Alternative Medicine Practice

    Property Details for 4814 Jonestown Rd

    Year built
    1924
    Construction
    FRAME
    Lot size
    0.14 lot acres
    Property size
    3,860 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    35-053-158
    APU
    35053158

    Description

    This exceptional mixed-use property, located at 4814 Jonestown Road in Harrisburg, Pennsylvania, presents a compelling investment opportunity. The 3,860 square foot building sits on a 0.14-acre lot and enjoys a prime location on a bustling commercial thoroughfare in Dauphin County, boasting daily traffic exceeding 30,000 vehicles. Currently configured as two separate retail spaces and a residential apartment (two bedrooms, one bathroom), this property offers a diverse income stream. The building's versatility is further enhanced by its Commercial General zoning, allowing for a wide range of uses including office, retail, and personal services. Recent upgrades include a completely renewed roof and mechanical systems within the last ten years, ensuring minimal maintenance needs for the foreseeable future. The property's high visibility and substantial traffic count make it an ideal investment for those seeking a strong return on investment in a thriving commercial area. The asking price is $699,000. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly desirable location. Don't miss out on this chance to own a piece of Harrisburg's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.808
    Latitude
    40.3048
    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
    $5,543
    $49,900
    $156,000
    $205,900
    -
    $49,900
    $156,000
    $205,900

    Comparable in this City

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      $1,180,000
      1,008 SF

      3517 Walnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,008 SF
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    • Value Estimation by Request
      1,990 SF

      3221 Spg St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,990 SF
      3221 Spg St, Harrisburg, PA 17109-6106
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    • Value Estimation by Request
      9,360 SF

      3917 Jonestown Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 9,360 SF
      3917 Jonestown Rd, Harrisburg, PA 17109-2254
      View Details
    • Value Estimation by Request
      4,454 SF

      200 Progress Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,454 SF
      200 Progress Ave, Harrisburg, PA 17109-4626
      View Details
    • Value Estimation
      $560,000
      8,336 SF

      3920 Jonestown Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 8,336 SF
      3920 Jonestown Rd, Harrisburg, PA 17109-2209
      View Details
    • Value Estimation by Request
      4,540 SF

      4607 Locust Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 4,540 SF
      4607 Locust Ln, Harrisburg, PA 17109-4449
      View Details

    Similar Nearby for Sale

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      Harrisburg Residential Development Opportunity

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    Similar Nearby for Lease

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    • Contact for pricing
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      Retail Space in Harrisburg, PA

      Neighborhood strip center with excellent accessibility and strong retail corridor.
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    • New
      $1,300 /Mo

      Visible Office/Retail Space Available

      Cost-effective office/retail space with high visibility in Harrisburg, PA.
      4903 Jonestown Rd, Harrisburg, PA 17109
      View Details
    • $91,744
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      Jonestown Road Retail Opportunity

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      View Details
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    4814 Jonestown Rd
    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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