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

    631 Eisenhower Blvd Harrisburg, PA 17111

    • Hotels
    • 5,265 SF
    • 2.70 lot acres
    For Lease
    View listing
    $9,583 /Mo
    Value Estimations
    $510,000
    Cap Rate Potential
    9.9%
    Hotels
    Location Intelligence
    Property ID
    US73-2692248
    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

    • Hotels

    Property Details for 631 Eisenhower Blvd

    Year built
    1963
    Construction
    FRAME
    Lot size
    2.70 lot acres
    Property size
    5,265 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    63-031-047
    APU
    63031047

    Description

    This exceptional commercial land parcel, located at 631 Eisenhower Boulevard in Harrisburg, Pennsylvania (Dauphin County, zip code 17111), presents a unique investment opportunity. Situated adjacent to the Sleep Inn & Suites, this single-tenant property boasts unparalleled visibility and accessibility along the heavily trafficked Eisenhower Boulevard. The land's strategic location makes it exceptionally suitable for a wide range of commercial or retail ventures, offering businesses significant exposure to a substantial customer base. The property's convenient access and high visibility promise strong potential for attracting customers and maximizing business growth. This is a rare chance to secure a prime commercial land site in a thriving Harrisburg location. The property is classified as commercial land for single tenancy. Detailed location coordinates are available upon request. This is an excellent opportunity for businesses seeking to establish a strong presence in a high-traffic area of Harrisburg. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $660,000
      6.5%
      $610,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $522,000
      Market price range: $75.5k - $523k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $775,000
      RETAIL STORES
      $745,000
      RESTAURANT
      $725,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8102
    Latitude
    40.2448
    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
    $70,132
    $334,100
    $2,140,800
    $2,474,900
    -
    $334,100
    $2,140,800
    $2,474,900

    Comparable in this City

    • Value Estimation
      $5,195,000
      50,952 SF

      1344 Eisenhower Blvd

      HOTEL/MOTEL • 50,952 SF
      1344 Eisenhower Blvd, Harrisburg, PA 17111-2319
      View Details
    • Value Estimation
      $1,250,000
      19,700 SF

      4131 Executive Park Dr

      HOTEL/MOTEL • 19,700 SF
      4131 Executive Park Dr, Harrisburg, PA 17111-1516
      View Details
    • Value Estimation
      $3,145,000
      42,685 SF

      413 Prt Vw Drl7b

      HOTEL/MOTEL • 42,685 SF
      413 Prt Vw Drl7b, Harrisburg, PA 17111-1226
      View Details
    • Value Estimation
      $1,280,000
      81,022 SF

      725 Eisenhower Blvd, Unit L1

      HOTEL/MOTEL • 81,022 SF
      725 Eisenhower Blvd, Harrisburg, PA 17111-2308
      View Details
    • Value Estimation
      $1,280,000
      16,220 SF

      495 Eisenhower Blvd

      HOTEL/MOTEL • 16,220 SF
      495 Eisenhower Blvd, Harrisburg, PA 17111-2302
      View Details
    • Value Estimation
      $8,320,000
      142,750 SF

      4751 Lindle Rd

      HOTEL/MOTEL • 142,750 SF
      4751 Lindle Rd, Harrisburg, PA 17111-2400
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.60 Acres

      Harrisburg Industrial Space For Lease

      2,544 SF Flex Space, Excellent Location
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      Restaurant with High-Traffic Location

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      Harrisburg Multifamily Investment Opportunity

      Portfolio of 222 units in 27 buildings in Harrisburg, PA.
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    • $5,383,545
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      Harrisburg Medical Office Complex

      Multi-tenant medical office building, high cap rate.
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    • $995,000
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      Owens Industrial Park Warehouse

      17,680 SF Warehouse, 3.5 Acres
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    Similar Nearby for Lease

    • $9,583 /Mo

      Harrisburg Commercial Land Opportunity

      Prime Harrisburg land, high visibility, ideal for retail.
      631 Eisenhower Blvd, Harrisburg, PA 17111
      View Details
    • $18 SF/Yr
      46,241 SF

      Harrisburg Executive Office Suites

      Class A Office Space, Multiple Suites Available
      651 Park Dr, Harrisburg, PA 17111
      View Details
    • $125,000
      47,916 SF

      Harrisburg Commercial Land Opportunity

      1.3-acre lot, prime Harrisburg location.
      4314 Derry St, Harrisburg, PA 17111
      View Details
    • $15 SF/Yr
      24,160 SF

      Harrisburg Office Building For Lease

      Modern flex office space, multiple suites available.
      353 Markle Dr, Harrisburg, PA 17111
      View Details
    • $17 SF/Yr
      1,765 SF

      Renovated Office Suite Available Now

      Recently renovated 1,765 SF office suite near retail and restaurants.
      801 E Park Dr, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      1,508 SF

      Retail Space in Harrisburg Center

      Retail space available in a recently renovated shopping center.
      4203-4247 Union Deposit Rd, Harrisburg, PA 17111
      View Details
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    631 Eisenhower Blvd
    Harrisburg, PA 17111
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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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