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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office Spaces
7141 Paxton St, Harrisburg, PA 17111-5125
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0760377
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1978
Total area
8,960 SF
Lot
1.42 ac (61,855 SF)
APN
63-035-146
UPID
US73-0760377
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
-
Stephenson Equipment Crane Operator Training Center Training Center
-
Second State Gaming Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$670k
Blend (final)
Blend
$685k
Owner & transaction history
Stephenson Equipment INC · 3 yrs held
Stephenson Equipment INC
since 2022
Last sale
$765,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$905,000
+9.8%
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
$670,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$825,000
Current use
INDUSTRIAL (GENERAL)
$905,000
Change: +10% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$765,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $765k (Oct 3 2022)
Last sale anchor
$765k
Oct 3 2022
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
$76 / 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
$11,343
Tax year 2023
Assessed value
$400,300
Assessed 2024
Previous assessed
$400,300
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$112,000
Assessed improvement
$288,300
Land market value
$112,000
Improvement market value
$288,300
Total market value
$400,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1978
Heating
YES
Cooling
YES
Stories
1
Total area
8,960 SF
Lot
1.42 ac (61,855 SF)
APN
63-035-146
UPID
US73-0760377
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
COMMERCIAL (GENERAL) Current
Est. value
$825,000
INDUSTRIAL (GENERAL)
Est. value
$905,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$765,000
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1978
Heating
YES
Cooling
Yes
Stories
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Stephenson Equipment INC
Entity
Mailing address
7201 PAXTON ST, HARRISBURG, PA 17111-5126
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
$765,000
Stephenson Equipment INC
Hg Development LLC
Special Warranty Deed
$1,000,000 · Dennis Heller
Jan 6, 2022
$750,000
Hg Development LLC
Gary R Brewer
Special Warranty Deed
—
Dec 17, 2020
—
Gary R Brewer
—
Deed
related
$250,000 · M & T Bank
Mar 15, 2018
$550,000
Gary R Brewer
Stephenson,mark
Grant Deed
—
Oct 28, 2013
—
M,a Trust
Stephenson,mark & Ann
Quit Claim Deed
related
—
Mar 18, 2010
—
Mark Stephenson
Stephenson,paul W
Quit Claim Deed
related
—
Mar 11, 2010
—
Unified Credit Trust
Stephenson Paul W
Grant Deed
related
—
—
—
Gary R Brewer
—
Deed Of Trust
related
$250,000 · M&t Bk
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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