Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    99 Portland St Mechanicsburg, PA 17055-7403

    • Garden apartment buildings
    • 3,696 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    May 03, 2021
    $825,000
    Value Estimations
    $865,000
    Show details
    Cap Rate Potential
    3.5%
    Garden apartment buildings
    Location Intelligence
    Property ID
    US73-2862067
    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

    • Garden apartment buildings

    Property Details for 99 Portland St

    Lot size
    0.23 lot acres
    Property size
    3,696 SF
    Property type
    Garden apartment buildings
    APN
    19-22-0519-071B
    APU
    19220519071B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $890,000
      ML approach
      $910,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mechanicsburg
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.0118
    Latitude
    40.2161
    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
    2024
    $5,340
    $57,400
    $177,600
    $235,000
    -
    $57,400
    $177,600
    $235,000

    Comparable in this City

    • Value Estimation by Request
      16.99 Acres

      3214 Market House Ln

      GARDEN APT, COURT APT (5+ UNITS) • 16.99 Acres
      3214 Market House Ln, Mechanicsburg, PA 17055-7027
      View Details
    • Value Estimation by Request
      13.96 Acres

      1051 Allendale Rd

      GARDEN APT, COURT APT (5+ UNITS) • 13.96 Acres
      1051 Allendale Rd, Mechanicsburg, PA 17055-4456
      View Details
    • Value Estimation by Request
      1.24 Acres

      2500 Ml Rd

      GARDEN APT, COURT APT (5+ UNITS) • 1.24 Acres
      2500 Ml Rd, Mechanicsburg, PA 17055-6148
      View Details
    • Value Estimation by Request
      2.65 Acres

      400 Stonehedge Ln

      GARDEN APT, COURT APT (5+ UNITS) • 2.65 Acres
      400 Stonehedge Ln, Mechanicsburg, PA 17055-7002
      View Details
    • Value Estimation by Request
      11.93 Acres

      1300 English Dr

      GARDEN APT, COURT APT (5+ UNITS) • 11.93 Acres
      1300 English Dr, Mechanicsburg, PA 17055
      View Details
    • Value Estimation
      $1,090,000
      15,162 SF

      100 Filbert St

      GARDEN APT, COURT APT (5+ UNITS) • 15,162 SF
      100 Filbert St, Mechanicsburg, PA 17055-6563
      View Details

    Similar Nearby for Sale

    • $2,495,000
      6.52 Acres

      Mechanicsburg Commercial Land

      6.5-Acre Prime Retail Site, US-15
      315 Winding Hill Rd, Mechanicsburg, PA 17055
      View Details
    • $1,200,000
      17.89 Acres

      Sheepford Road Development Land

      17.89 Acres, Residential Zoning
      1540 Sheepford Rd, Mechanicsburg, PA 17055
      View Details
    • $265,000
      1,534 SF

      Brighton Place Cottage-Style Condo

      Charming end-of-row condo in Brighton Place with modern amenities.
      561 Brighton Pl, Mechanicsburg, PA 17055
      View Details
    • Contact for pricing
      20.00 Acres

      Prime 20-Acre Agricultural Land

      Pennsylvania farmland with existing structures.
      1206 Market St, Mechanicsburg, PA 17055
      View Details
    • Contact for pricing
      6.46 Acres

      Mechanicsburg Office Building, 6.46 Acres

      Prime Mechanicsburg office space, ample land.
      5020 Richard Ln, Mechanicsburg, PA 17055
      View Details
    • Contact for pricing
      6,800 SF

      Mechanicsburg Medical Office Investment Asset

      Single tenant medical office building leased by UPMC for sale.
      950 Woodland St, Mechanicsburg, PA 17055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      111,028 SF

      Parkway Plaza Retail Center

      Mechanicsburg, PA Strip Mall - 11,180 SF Available
      235 Cumberland Pkwy, Mechanicsburg, PA 17055
      View Details
    • $17 SF/Yr
      9,820 SF

      Prime Office Suite in Cumberland County

      1,540 SF Office, Newly Renovated
      2 Kacey Ct, Mechanicsburg, PA 17055
      View Details
    • Contact for pricing
      871,200 SF

      Prime 20-Acre Agricultural Land

      Mechanicsburg, PA farmland with improvements
      1206 Market St, Mechanicsburg, PA 17055
      View Details
    • $16 SF/Yr
      8,700 SF

      Mechanicsburg Office Space for Lease

      Premium Office, 1,152 SF Available
      5 Kacey Ct, Mechanicsburg, PA 17055
      View Details
    • $12 SF/Yr
      30,800 SF

      Mechanicsburg Office Space - 30,800 SF

      Multi-tenant office building, 135 parking spaces.
      5020 Ritter Rd, Mechanicsburg, PA 17055
      View Details
    • $18 SF/Yr
      48,000 SF

      Westport Business Center: Mechanicsburg, PA

      Class A Office Space, 7,088 SF Available
      4550 Lena Dr, Mechanicsburg, PA 17055
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    99 Portland St
    Mechanicsburg, PA 17055-7403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.