Renovated Office Unit with Private
For Sale
$320,000
10117 VALLEY FORGE CIR #117 117, Norristown, PA 19406
Electric central HVAC and off-street parking support practical day-to-day operations.
Property Size1,250 SF
Price / SF$256
Days on Market48
Property Features for 10117 VALLEY FORGE CIR #117 117
General Information
Standard status
Active
Size
1,250 SF
Zoning
HR
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Asking Price
$305,000
Amenities
24/7 uniformed security
Verizon and Comcast services
Building Details
Tenancy
Multi
Listing Agency:
J.M. Basile & Associates Inc.
Listed By:
Suzanne Basile · License #RB049658C
(610) 768-4000
Source:
Palmerharned
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 26 at 3:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of J.M. Basile & Associates Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated 1,250-square-foot office unit offers a private exterior entrance and a commercial setting suitable for office, retail, or related business use. Electric central heat and air conditioning are in place, with Verizon and Comcast services available. The property is zoned HR—High Rise Residential.
The complex contains over 500 condominium homes and includes commercial tenants such as a Realtor, lawyer, accountant, dry cleaner, restaurants, and salons. Off-street parking is provided, and uniformed guards remain on duty 24/7. Access to Rte. 202, Rte. 422, the Schuylkill Expressway, and the PA Turnpike supports regional connectivity.
The complex contains over 500 condominium homes and includes commercial tenants such as a Realtor, lawyer, accountant, dry cleaner, restaurants, and salons. Off-street parking is provided, and uniformed guards remain on duty 24/7. Access to Rte. 202, Rte. 422, the Schuylkill Expressway, and the PA Turnpike supports regional connectivity.
Key Highlights
- Renovated 1,250‑square‑foot office unit
- Private outside entrance
- Zoned HR—High Rise Residential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,652
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,040
$393.0K
Cap Rate 7%
$280,743
$280.7K
Cap Rate 9%
$218,356
$218.4K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$32.6K $26.04/SF
− Vacancy
−$6.3K −$5.08/SF
EGI
$26.2K $20.96/SF
− OpEx
−$6.6K −$5.24/SF
NOI
$19.7K $15.72/SF
Area
Montgomery County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,040
Cap Rate 7%
$280,743
Cap Rate 9%
$218,356
Alternative Uses
Best Use
Office B
$280.7K
$245.7K – $327.5K
NOI $19,652 @ 7.0% cap · market cap 6.14%
Second Best
Retail
$215.5K
$188.6K – $251.5K
NOI $15,088 @ 7.0% cap · market cap 4.72%
Theoretical Best
Specialty Retail
$719.0K
$629.1K – $838.9K
NOI $50,331 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 19406, PA
28,553
Population
14,181
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
97%
High-School Grad
13.4 sq mi
ZIP Area
2,131
Density / Sq Mi
$109,944
Median Household Income
$65,749
Median Earnings
$1,983
Median Rent
$393,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Electric central HVAC and off-street parking support practical day-to-day operations.
Where is this office unit located?
The property is located at 10117 VALLEY FORGE CIR #117 117 Norristown, PA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Renovated 1,250‑square‑foot office unit; Private outside entrance; Zoned HR—High Rise Residential
