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    Rte 230th Utah 2nd 2 Middletown, PA 17057
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    Rte 230th Utah 2nd 2 Middletown, PA 17057

    View on Map
    • Retail space
    • 30,140 SF
    • 10.64 lot acres
    Off-Market
    Property ID
    US73-2979860
    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.
    Value Estimations
    $4,680,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for Rte 230th Utah 2nd 2

    Year built
    2013
    Lot size
    10.64 lot acres
    Property size
    30,140 SF
    Property type
    Retail space
    APN
    36-023-014
    APU
    36023014

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,035,000
      6.5%
      $4,650,000
      7%
      $4,320,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,851,000
      Market price range: $2.09M - $7.14M
      AI Estimate
      $3,535,000
      Market price range: $1.15M - $4.31M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,375,000
      Current use
      MEDICAL BUILDING
      $4,990,000
      Change: +14% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,900,000
      Change: +12% Conversion: Difficult
      RESTAURANT
      $4,250,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.7565
    Latitude
    40.2018
    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
    $77,185
    $495,400
    $1,729,200
    $2,224,600
    -
    $495,400
    $1,729,200
    $2,224,600

    Comparable in this City

    • Value Estimation
      $805,000
      8,189 SF

      4294 Harrisburg Pike

      RETAIL STORES (PERSONAL SERVICES) • 8,189 SF
      4294 Harrisburg Pike, Middletown, PA 17057-4655
      View Details
    • Value Estimation
      $1,150,000
      11,483 SF

      2285 Harrisburg Pike

      RETAIL STORES (PERSONAL SERVICES) • 11,483 SF
      2285 Harrisburg Pike, Middletown, PA 17057-4933
      View Details
    • Value Estimation by Request
      11.20 Acres

      3338 Harrisburg Pike

      Individual retail properties • 11.20 Acres
      3338 Harrisburg Pike, Middletown, PA 17057
      View Details
    • Value Estimation by Request
      49,249 SF

      300-360 Main St

      Individual retail properties • 49,249 SF
      300-360 Main St, Middletown, PA 17057
      View Details
    • Value Estimation by Request
      5,425 SF

      9 Un St

      RETAIL STORES (PERSONAL SERVICES) • 5,425 SF
      9 Un St, Middletown, PA 17057
      View Details
    • Value Estimation
      $820,000
      5,480 SF

      1100 Fulling Ml Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,480 SF
      1100 Fulling Ml Rd, Middletown, PA 17057-5974
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,480 SF

      Middletown Auto Center Opportunity

      Auto center for sale in growing Middletown location.
      405 Spruce St, Middletown, PA 17057
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    • $570,000
      3,296 SF

      Middletown Restaurant & Bar for Sale

      Turnkey Restaurant/Bar with Liquor License
      15 Mill St, Middletown, PA 17057
      View Details
    • $70,000
      0.11 Acres

      Corner Lot in Middletown, PA

      Corner lot available in Middletown, PA. Buyer to verify acceptable use.
      Wilson St, Middletown, PA 17057
      View Details
    • $500,000

      Development Opportunity on Eisenhower Boulevard

      1.644-acre site with Industrial Park zoning and high visibility.
      1144 S Eisenhower Blvd, Middletown, PA 17057
      View Details
    • Contact for pricing

      Middletown Pad Site For Sale

      0.69 acre commercially zoned pad site in Middletown, Pennsylvania.
      Spring Garden Dr, Middletown, PA 17057
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    • Contact for pricing
      59,637 SF

      Fulling Mill Road Office Building

      59,900 SF office building near Harrisburg International Airport.
      1201 Fulling Mill Rd, Middletown, PA 17057
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,580 SF

      Retail Space Near Giant Food

      Community center anchored by Giant Food, high visibility, great accessibility.
      428-444 E Main St, Middletown, PA 17057
      View Details
    • Contact for pricing

      Retail and Office Development Opportunity

      Development opportunity near Harrisburg Airport, Penn State, and PA Turnpike.
      1595 W Harrisburg Pike, Middletown, PA 17057
      View Details
    • Contact for pricing

      Retail Center on Main Street

      102,113 SF shopping center anchored by Giant Food Supermarket.
      450 E Main St, Middletown, PA 17057
      View Details
    • $19 SF/Yr

      New Commercial Spaces in Middletown

      New commercial spaces for restaurants, medical, or professional offices.
      Walden Way, Middletown, PA 17057
      View Details
    • Contact for pricing

      Retail Shopping Center in Middletown

      Neighborhood retail center with diverse tenants and high traffic.
      300-360 W Main St, Middletown, PA 17057
      View Details
    • Contact for pricing

      Office Building Near Harrisburg Airport

      59,900 SF office building on 5.01 acres for rent.
      1201 Fulling Mill Rd, Middletown, PA 17057
      View Details
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    Middletown, PA 17057
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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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