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    Elkins Park Office Space Available Title is generated by Realmo AI

    8118 OLD YORK Road, Elkins Park, PA 19027

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    For Lease
    $18 SF/Yr $4,551/Mo (calc)

    CommercialLease - ELKINS PARK, PA

    Type:Office
    Property size:
    3,034 SF
    Lot size:
    0.88 Acres
    Added:
    Nov 11, 2025
    Days on Market:
    178
    Last Refresh:
    May 8 at 11:06 pm

    Property Features for 8118 OLD YORK Road

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    31
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    3,034 SF
    Lot size
    0.88 Acres

    Utilities

    Heating system
    Hot Water(Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1983
    Building materials
    Block

    We can help!

    Listing Contact
    Elizabeth Alexander

    Listing agent Elizabeth Alexander License #AB067993

    Listing office Quinn & Wilson, Inc. 1653 The Fairway unit: 200, Jenkintown, PA

    Listing date Nov 11, 2025

    MLS# PAMC2161480

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • +/- 3,034 square feet of professional office space available.
    • Lease rate includes all common area maintenance, gas, electric, and water.
    • Conveniently located just feet from the Old York and Church Rd intersection.
    • On‑site parking available.
    • Building is served by an elevator.
    • Central Air Conditioning.

    Overview

    A professional office building in Elkins Park, Pennsylvania, offers approximately 3,034 square feet of leasable space. The property, situated on a 0.88-acre lot in MONTGOMERY County, benefits from elevator service and on-site parking. The lease rate is $18.00, which covers common area maintenance, gas, electric, and water utilities. The building is located near the intersection of Old York Road and Church Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Kimberly A. Hogan, ... Pediatrician Primary Homecare Home Health Care Service Pyramid Dental Lab Dental Office US Yong Kum ... Training Center Bernard Dishler Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elkins Park
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.12708
    Latitude
    40.07747

    Nearby Similar for Lease

    • $2,100/Mo

      Furnished Office Space Available

      Prime office space in Elkins Park, PA for lease.
      7301 OLD YORK Road, ELKINS PARK, PA 19027
      View Details
    • Contact for pricing

      Retail Space in Elkins Park

      7,000 SF retail space available in busy shopping center.
      2385-2401 W Cheltenham Ave, Elkins Park, PA
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      Briar House First Floor Office

      First floor office space available for rent in Briar House.
      8302 Old York Rd, Elkins Park, PA 19027
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    FAQs

    What type of property is this?
    Office building - Professional office building with on-site parking for lease.
    Where is this office building located?
    The property is located at 8118 OLD YORK Road Elkins Park, PA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: +/- 3,034 square feet of professional office space available.; Lease rate includes all common area maintenance, gas, electric, and water.; Conveniently located just feet from the Old York and Church Rd intersection.
    (215) 806-1518
    We can help!
    Listing Contact
    Elizabeth Alexander
    Real Estate License ID: AB067993
    Learn More
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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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