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    Douglas Kelly, Philadelphia, PA

    License ID: 2192500
    Binswanger
    Association
    Suburban West Realtors Association

    Service Locations

    Contact details

    Phone:
    (215) 740-7590
    Office Address:
    Two Logan Square, Philadelphia, PA, 19103

    Performance

    Listings
    18

    Listings

    For Sale (7)

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    • Contact for pricing
      27,758 SF

      Creative Office/Medical/Flex Space Available

      Suites available, tenant improvements, signage opportunity, parking.
      826 N Lewis Rd, Limerick, PA 19468
      View Details
    • $1,200,000
      4,200 SF

      Multi-Use Property Near I-76

      Vacant 4,200 SF multi-use property with flexible zoning.
      168 Belmont Ave, Bala Cynwyd, PA 19004
      View Details
    • $2,050,000
      28,414 SF

      Three Building Office Complex

      28,414 sq ft office complex on 2.63 acres.
      1364 Welsh Rd, North Wales, PA 19454
      View Details
    • $950,000
      9,562 SF

      Two-Story Office Building For Sale

      Two-story office building with finished basement and private parking.
      681 Harleysville Pike, Harleysville, PA 19438
      View Details
    • Contact for pricing
      7,660 SF

      King of Prussia NNN Investment

      7,660 SF building with long-term tenant and outdoor play area.
      489 S Gulph Rd, King of Prussia, PA 19406
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    • Contact for pricing
      3,448 SF

      Retail/Office/Medical Building Near Hospital

      Two-story, 3,448 SF building near Abington Hospital.
      1369 Old York Rd, Abington, PA 19001
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    • Contact for pricing
      28,414 SF

      Welsh Road Commercial Property For Sale

      Commercial property for sale located on busy Welsh Road.
      1364 Welsh Rd, North Wales, PA 19454
      View Details

    For Lease (11)

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      Modern Office Building with Garages

      Refurbished office building with flexible suites and garage buildings.
      826 N Lewis Rd, Limerick, PA 19468
      View Details
    • Contact for pricing

      Highly Visible Property on Route 309

      Highly visible commercial property near PA Turnpike interchange.
      7111 E Valley Green Rd, Fort Washington, PA 19034
      View Details
    • Contact for pricing

      Flex Space Available For Sublease

      6,187 SF flex space available for sublease.
      533 Davisville Rd, Willow Grove, PA 19090
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    • $9 SF/Yr
      48,336 SF

      Tremont Avenue Office Space Available

      Office building with space available for lease in Trevose.
      3190 Tremont Ave, Trevose, PA 19053
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    • Contact for pricing
      6,187 SF

      Sublease Opportunity in Willow Grove

      6,187 SF flex space available for sublease.
      533 Davisville Rd, Willow Grove, PA 19090
      View Details
    • Contact for pricing
      54,000 SF

      Visible Office Space on Route 309

      Office space for lease with high visibility and ample parking.
      7111 Valley Green Rd, Fort Washington, PA 19034
      View Details
    • $23 SF/Yr
      2,552 SF

      Move-in Ready Office Sublease

      Sublease available immediately with high-end finishes through October 2026.
      985 Old Eagle School Rd, Wayne, PA 19087
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    • Contact for pricing

      Office Space Near I-95

      19,003 SF office space for lease near I-95.
      1200 Veterans Hwy, Bristol, PA 19007
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    • Contact for pricing

      Office Buildings in Fort Washington

      Two standalone office buildings with easy access to major routes.
      1035 Camp Hill Rd, Fort Washington, PA 19034
      View Details
    • Contact for pricing

      Horsham Road Commercial Property

      Commercial property with opportunities for medical, office, and flex space.
      400 Horsham Rd, Horsham, PA 19044
      View Details
    • Contact for pricing

      Class A Office Space

      Class A office space for rent in Blue Bell, PA.
      785 Arbor Way, Blue Bell, PA 19422
      View Details

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    Douglas Kelly, Philadelphia, PA
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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.

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