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

    5775 Allentown Blvd Harrisburg, PA 17112-4049

    • Office Properties & Spaces
    • 13,392 SF
    • 0.89 lot acres
    OFF-MARKET
    Value Estimations
    $1,975,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2429104
    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

    • Virginia Murphy / Physician / Medical Clinic
    • Mariela Hernandez / Counselor
    • Donovan Linda G / Pharmacy
    • Home To Stay Inc / Home Health Care Service
    • Emily Zimmerman / Physician / Medical Clinic

    Property Details for 5775 Allentown Blvd

    Year built
    1992
    Lot size
    0.89 lot acres
    Property size
    13,392 SF
    Property type
    Office Properties & Spaces
    APN
    35-035-105
    APU
    35035105

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,710,000
      6.5%
      $2,505,000
      7%
      $2,325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,989,000
      Market price range: $1.34M - $2.80M
      AI Estimate
      $1,426,000
      Market price range: $746k - $2.08M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,980,000
      Current use
      AUTO REPAIR, GARAGE
      $2,510,000
      Change: +27% Conversion: Difficult
      MEDICAL BUILDING
      $1,965,000
      Change: -1% Conversion: Easy
      RETAIL STORES
      $1,890,000
      Change: -5% Conversion: Easy
      RESTAURANT
      $1,845,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.7905
    Latitude
    40.3209
    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
    $25,960
    $297,600
    $666,700
    $964,300
    -
    $297,600
    $666,700
    $964,300

    Comparable in this City

    • Value Estimation by Request
      20,887 SF

      75 Shannon Dr

      Medical offices • 20,887 SF
      75 Shannon Dr, Harrisburg, PA 17112
      View Details
    • Value Estimation
      $505,000
      5,817 SF

      5913 Linglestown Rd

      OFFICE (GENERAL) • 5,817 SF
      5913 Linglestown Rd, Harrisburg, PA 17112-1125
      View Details
    • Value Estimation by Request
      2,447 SF

      4333 Linglestown Rd

      OFFICE (GENERAL) • 2,447 SF
      4333 Linglestown Rd, Harrisburg, PA 17112-9531
      View Details
    • Value Estimation
      $905,000
      4,924 SF

      530 Lockwillow Ave

      OFFICE (GENERAL) • 4,924 SF
      530 Lockwillow Ave, Harrisburg, PA 17112-2502
      View Details
    • Value Estimation by Request
      3,218 SF

      621 Mtn Rd

      OFFICE (GENERAL) • 3,218 SF
      621 Mtn Rd, Harrisburg, PA 17112-2371
      View Details
    • Value Estimation by Request
      1,557 SF

      12 Mtn Rd

      OFFICE (GENERAL) • 1,557 SF
      12 Mtn Rd, Harrisburg, PA 17112-2647
      View Details

    Similar Nearby for Sale

    • $645,000
      4,291 SF

      Executive Office Condo, Harrisburg PA

      Turnkey Office Suite, 4291 sq ft
      5925 Stevenson Ave, Linglestown, PA 17112
      View Details
    • $2,835,000
      20,887 SF

      Harrisburg Office Building Investment

      Owner-User Medical/Office Opportunity
      75 Shannon Dr, Harrisburg, PA 17112
      View Details
    • $524,900
      4,291 SF

      Turnkey Office/Medical Condo For Sale

      Turnkey office/medical condo with exceptional visibility and unparalleled access.
      5925 Stevenson Ave, Harrisburg, PA 17112
      View Details
    • Contact for pricing
      2,626 SF

      Professionally Maintained Office Space Available

      Desirable Harrisburg office destination with high-traffic location and ample parking.
      4230 Crums Mill Rd, Harrisburg, PA 17112
      View Details
    • $1,250,000
      16,093 SF

      Historic Firehouse on Linglestown Road

      Fully leased, income-producing property with historic charm and ample parking.
      5901 Linglestown Rd, 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

    • $27 SF/Yr
      72,138 SF

      Harrisburg Office Space Available

      Class A Office, Harrisburg, PA
      2360 Colonial Rd, Harrisburg, PA 17112
      View Details
    • $15 SF/Yr
      3,845 SF

      Harrisburg Office Space for Lease

      Prime Harrisburg location, multiple suites available.
      4775 Linglestown Rd, Harrisburg, PA 17112
      View Details
    • $15 SF/Yr
      11,850 SF

      Harrisburg Flex Space: Prime Location

      750 sq ft Office/Warehouse Space Available
      6130 Jonestown Rd, Harrisburg, PA 17112
      View Details
    • $19 SF/Yr
      39,331 SF

      Colonial Professional Center Harrisburg

      Class A Office Space, Harrisburg, PA
      4800 Linglestown Rd, Harrisburg, PA 17112
      View Details
    • $9 SF/Yr
      31,868 SF

      Gateway Corporate Center Suites

      Flex & Office Space Available Now
      6380 Flank Dr, Harrisburg, PA 17112
      View Details
    • $20 SF/Yr
      72,844 SF

      Harrisburg Office Building for Lease

      Class A Office Space, Harrisburg, PA
      4250 Crums Mill Rd, 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.
    5775 Allentown Blvd
    Harrisburg, PA 17112-4049
    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.