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Property profile & analytics
FOR LEASE
Office Spaces
801 E Park Dr, Harrisburg, PA 17111
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-2266318
For Lease
1 / 12
$17 SF/Yr
801 E Park Dr, Harrisburg, PA 17111
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1980
Total area
19,635 SF
Lot
2.2 ac (95,832 SF)
APN
35-074-048
UPID
US73-2266318
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
-
Michael C Karason Dpm Physician
-
Philadelphia Insurance Co Insurance Agency
-
Merakey Charitable Organization Social Service Agency
-
Fairway Independent Mortgage Corporation Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.29M
Blend (final)
Blend
$2.10M
Owner & transaction history
801 Running Quail Prop LLC · 8 yrs held
801 Running Quail Prop LLC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.9M
+59.2%
Retail stores
$2.8M
+53.0%
Restaurant
$2.7M
+49.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,810,000
Current use
MEDICAL BUILDING
$2,880,000
Change: +59% · Conversion: Easy
RETAIL STORES
$2,770,000
Change: +53% · Conversion: Easy
RESTAURANT
$2,705,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,985,000
Change: +10% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,680,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±10%
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
$107 / 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
$36,837
Tax year 2023
Assessed value
$1,368,300
Assessed 2024
Previous assessed
$1,368,300
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$550,000
Assessed improvement
$818,300
Land market value
$550,000
Improvement market value
$818,300
Total market value
$1,368,300
Applied tax rate
35.0000
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
For Lease
Year built
1980
Heating
YES
Cooling
YES
Stories
1
Total area
19,635 SF
Lot
2.2 ac (95,832 SF)
APN
35-074-048
UPID
US73-2266318
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
$1.8M
MEDICAL BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$2.8M
RESTAURANT
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
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
1980
Heating
YES
Cooling
Yes
Stories
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
801 Running Quail Prop LLC
Entity
Mailing address
1250 N MTN RD, HARRISBURG, PA 17112-1780
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2021
—
801 Running Quail Properties LLC
—
Deed
related
$2,300,000 · Pennian Bank
May 8, 2018
$2,780,000
801 Running Quail Prop LLC
Patriot Invs Assocs LLC
Grant Deed
$417,000 · Patriot Invs Assocs LLC
Jul 12, 2005
$2,132,000
Patriot Investment Assocs LLC
801 Associates
Deed Of Trust
related
$2,132,000 · Mid Penn Bank
—
—
Patriot Investment Assocs LLC
—
Deed Of Trust
related
$250,000 · Mid Penn Bank
—
—
801 Associates
—
Deed Of Trust
related
$3,921 · Blue Ball Nat'l 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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