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

    950 Eisenhower Blvd Harrisburg, PA 17111-2311

    • Hotels
    • 18,992 SF
    • 2.49 lot acres
    OFF-MARKET
    Last Sale
    Jan 22, 2020
    Value Estimations
    $2,265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0383215
    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

    • Red Roof Inn Harrisburg - Hershey / Hotel & Motel

    Property Details for 950 Eisenhower Blvd

    Year built
    1977
    Lot size
    2.49 lot acres
    Property size
    18,992 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    63-027-164
    APU
    63027164

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,380,000
      6.5%
      $2,200,000
      7%
      $2,040,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,605,000
      Market price range: $272k - $1.88M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $3,095,000
      Current use
      AUTO REPAIR, GARAGE
      $3,555,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $2,790,000
      Change: -10% Conversion: Difficult
      RETAIL STORES
      $2,680,000
      Change: -13% Conversion: Difficult
      RESTAURANT
      $2,620,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8043
    Latitude
    40.2398
    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
    $56,235
    $1,232,600
    $751,900
    $1,984,500
    -
    $1,232,600
    $751,900
    $1,984,500

    Comparable in this City

    • 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
    • Value Estimation
      $9,855,000
      93,901 SF

      5th Tecport Dr

      HOTEL/MOTEL • 93,901 SF
      5th Tecport Dr, Harrisburg, PA 17111
      View Details
    • Value Estimation
      $725,000
      7,729 SF

      4480 Lewis Rd

      HOTEL/MOTEL • 7,729 SF
      4480 Lewis Rd, Harrisburg, PA 17111-2540
      View Details
    • Value Estimation
      $4,485,000
      48,393 SF

      990 Eisenhower Blvd

      HOTEL/MOTEL • 48,393 SF
      990 Eisenhower Blvd, Harrisburg, PA 17111-2311
      View Details
    • Value Estimation
      $5,160,000
      64,144 SF

      4230 Un Deposit Rd

      HOTEL/MOTEL • 64,144 SF
      4230 Un Deposit Rd, Harrisburg, PA 17111-2801
      View Details
    • Value Estimation
      $510,000
      5,265 SF

      631 Eisenhower Blvd

      HOTEL/MOTEL • 5,265 SF
      631 Eisenhower Blvd, Harrisburg, PA 17111-2306
      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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      View Details
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      Modern Flex Building in Harrisburg

      11,080 SF flex building with office and warehouse space.
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    • $849,000

      Restaurant with High-Traffic Location

      3,177 SF restaurant with bar, apartment, and liquor license.
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    • Contact for pricing

      Harrisburg Multifamily Investment Opportunity

      Portfolio of 222 units in 27 buildings in Harrisburg, PA.
      2020 Fulton St, Harrisburg, PA 17111
      View Details
    • $2,000,000
      4.22 Acres

      Harrisburg Commercial Land

      4.22 Acres, Mixed Zoning, Development Opportunity
      0 Clover Ln & Mdw Ln, Harrisburg, PA 17111
      View Details
    • Contact for pricing
      11.40 Acres

      Harrisburg Executive Office Building

      Prime Harrisburg location, high visibility, great investment.
      3721 Tecport Dr, Harrisburg, PA 17111
      View Details

    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
    • $125,000
      47,916 SF

      Harrisburg Commercial Land Opportunity

      1.3-acre lot, prime Harrisburg location.
      4314 Derry St, 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
    • $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
    • $6 SF/Yr
      30,000 SF

      Union Deposit Road Office Suites

      Medical and professional office suites available for lease.
      4700 Union Deposit Rd, Harrisburg, PA 17111
      View Details

    Property Visit Statistics

    • Visits by month
      5.8k
    • Visitors by month
      1.0k
    • Avg Time on site
      500 min
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    Harrisburg, PA 17111-2311
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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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