Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Colonial Rd Harrisburg, PA 17112-1960

    • Banks
    • 2,746 SF
    • 0.80 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2021
    $544,555
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0183407
    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

    • FASTSIGNS / Sign Shop

    Property Details for 500 Colonial Rd

    Year built
    1994
    Construction
    FRAME
    Lot size
    0.80 lot acres
    Property size
    2,746 SF
    Property type
    Banks
    APN
    35-039-029
    APU
    35039029

    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
    -76.824
    Latitude
    40.307
    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
    $7,024
    $107,600
    $153,300
    $260,900
    -
    $107,600
    $153,300
    $260,900

    Comparable in this City

    • Value Estimation by Request
      2,360 SF

      5999 Allentown Blvd

      FINANCIAL BUILDING • 2,360 SF
      5999 Allentown Blvd, Harrisburg, PA 17112-4000
      View Details
    • Value Estimation by Request
      3,025 SF

      6075 Allentown Blvd

      FINANCIAL BUILDING • 3,025 SF
      6075 Allentown Blvd, Harrisburg, PA 17112-2673
      View Details
    • Value Estimation by Request
      3,384 SF

      7761 Allentown Blvd

      FINANCIAL BUILDING • 3,384 SF
      7761 Allentown Blvd, Harrisburg, PA 17112-3705
      View Details
    • Value Estimation by Request
      3,517 SF

      1st Linglestown Rd

      FINANCIAL BUILDING • 3,517 SF
      1st Linglestown Rd, Harrisburg, PA 17112
      View Details
    • Value Estimation
      $560,000
      8,248 SF

      4320 Linglestown Rd

      FINANCIAL BUILDING • 8,248 SF
      4320 Linglestown Rd, Harrisburg, PA 17112-9532
      View Details
    • Value Estimation by Request
      2,260 SF

      5785 Allentown Blvd

      FINANCIAL BUILDING • 2,260 SF
      5785 Allentown Blvd, Harrisburg, PA 17112-4041
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      120,031 SF

      Retail Spaces on Allentown Boulevard

      Retail suites in shell condition with high visibility and access.
      6295 Allentown Blvd, Harrisburg, PA 17112
      View Details
    • $2,700,000
      18,207 SF

      5430 Jonestown Rd

      Retail properties • 18,207 SF
      5430 Jonestown Rd, Harrisburg, PA 17112
      View Details
    • $14,200,000
      53,100 SF

      Truck Towing and Recovery Portfolio

      Portfolio of truck towing and recovery facilities in Pennsylvania for sale.
      7800 Linglestown Rd, Harrisburg, PA 17112
      View Details
    • $3,700,000
      17,180 SF

      Fully Leased Retail Shopping Center

      Retail shopping center on heavily trafficked road near I-83.
      700-736 Colonial Rd, Harrisburg, PA 17112
      View Details
    • $680,000
      0.45 Acres

      High-Visibility Retail Building Harrisburg PA

      Prime Retail Space, High Traffic Area
      5630 Allentown Blvd, Harrisburg, PA 17112
      View Details
    • $695,000

      Hershey Road Commercial Land Parcel

      2.75 Acres, Mixed-Use Zoning, Prime Location
      155 Hershey Rd, Harrisburg, PA 17112
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      3,600 SF

      Retail Space on Linglestown Road

      Retail space available for lease on Linglestown Road.
      4141 Linglestown Rd, Harrisburg, PA 17112
      View Details
    • $9 SF/Yr
      4,612 SF

      Updated Mixed-Use Building For Rent

      Recently updated mixed-use building with office/retail space for lease.
      5201 Jonestown Rd, Harrisburg, PA 17112
      View Details
    • Contact for pricing
      120,226 SF

      Harrisburg Retail Pad Opportunity

      Two Retail Spaces, 1.36-1.4 Acres
      4330 Linglestown Rd, Harrisburg, PA 17112
      View Details
    • $15 SF/Yr
      2,700 SF

      Harrisburg Retail Space Available

      Retail space available for lease in Harrisburg, Pennsylvania.
      5000 Linglestown Rd, Harrisburg, PA 17112
      View Details
    • $27 SF/Yr
      72,138 SF

      Harrisburg Office Space Available

      Class A Office, Harrisburg, PA
      2360 Colonial Rd, Harrisburg, PA 17112
      View Details
    • $1,850 /Mo

      Retail Space in Harrisburg, PA

      Retail and professional location in West Hanover Township, Harrisburg, Pennsylvania.
      7795 Allentown Blvd, Harrisburg, PA 17112
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Colonial Rd
    Harrisburg, PA 17112-1960
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.