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Property profile & analytics
FOR LEASE
Office Spaces
940 E Park Dr, Harrisburg, PA 17111
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-5525278
For Lease
1 / 2
$17 SF/Yr
940 E Park Dr, Harrisburg, PA 17111
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1984
Total area
14,700 SF
Lot
0.93 ac (40,511 SF)
APN
35-074-050
UPID
US73-5525278
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
-
Bhutanese Community In Harrisburg Association / Organization
-
PPO&S Marketing & Advertising Advertising Agency
-
Strand Insurance and Financial Strategies Insurance Agency
-
Latino Connection Advertising Agency Marketing & Advertising
-
Unique Hearts Home Care Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.70M
Owner & transaction history
Fernandez Capital LLC · 3 yrs held
Fernandez Capital LLC
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+103.1%
Medical building
$2.2M
+59.2%
Retail stores
$2.1M
+53.0%
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
$1,900,000
ML approach
$1,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,355,000
Current use
AUTO REPAIR, GARAGE
$2,755,000
Change: +103% · Conversion: Difficult
MEDICAL BUILDING
$2,160,000
Change: +59% · Conversion: Easy
RETAIL STORES
$2,075,000
Change: +53% · Conversion: Easy
RESTAURANT
$2,025,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,490,000
Change: +10% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,255,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $1.70M (Jun 7 2023)
Last sale anchor
$1.70M
Jun 7 2023
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
$115 / 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
$25,398
Tax year 2023
Assessed value
$943,400
Assessed 2024
Previous assessed
$943,400
+0.0% YoY
Effective rate
2.69%
On assessed value
Assessed land
$305,500
Assessed improvement
$637,900
Land market value
$305,500
Improvement market value
$637,900
Total market value
$943,400
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
1984
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Total area
14,700 SF
Lot
0.93 ac (40,511 SF)
APN
35-074-050
UPID
US73-5525278
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
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
RESTAURANT
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1984
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.93 ac
Current owner
From public records · entity-resolved
Fernandez Capital LLC
Entity
Mailing address
940 E PARK DR, HARRISBURG, PA 17111-2800
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
—
Fernandez Capital LLC
—
Deed
related
$250,000 · Chester County Economic Development Coun
Jun 7, 2023
$1,700,000
Fernandez Capital LLC
Conner Management Group LLC
Deed
$1,360,000 · M & T Bank
Nov 30, 2018
—
Conner Management Group LLC
—
Deed
related
$100,000 · Centric Bk NA
Apr 12, 2005
$1,830,000
44 Associates
940 Associates
Grant Deed
$1,596,000 · Mid Penn Bank
—
—
Conner Management Group LLC
—
Deed Of Trust
related
$100,000 · Centric Bk NA
—
—
Conner Management Group LLC
—
Deed Of Trust
related
$1,800,000 · Centric Bank NA
—
—
940 Associates
—
Deed Of Trust
related
$1,350,000 · Mid Penn 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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