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Property profile

516 Dekalb St Bridgeport, PA 19405

OFF-MARKET
Investment properties
Property ID
US73-5960497
View Sample
4,309 SF 0.12 ac lot Built 1900
Individually Owned 6-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This attractive office space at 516 Dekalb Street in Norristown, Pennsylvania, offers a convenient and professional work environment. Located just one block from the courthouse, this property provides easy access to legal and government services. The space includes a private office, along with shared access to a well-appointed conference room and a shared kitchen area. The monthly rent includes high-speed internet access, electricity, water, and HVAC, ensuring a hassle-free and cost-effective workspace. The building itself boasts a charming and appealing aesthetic. The lot size is 0.03 acres. This is an ideal solution for a solo practitioner, small business, or anyone seeking a professional office space in a central Norristown location. The shared amenities promote a collaborative atmosphere while maintaining the privacy of individual offices. The inclusion of utilities in the monthly rent simplifies budgeting and administration. The proximity to the courthouse makes this location particularly attractive for legal professionals or businesses that frequently interact with the court system. This is a rare opportunity to secure a well-maintained and conveniently located office space in a desirable area of Norristown.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 4,309 SF
Lot 0.12 ac (5,200 SF)
Zoning code BP
APN 02-00-00916-00-9
UPID US73-5960497

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$185k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2020
Last sale
$175,000
5 recorded transactions
2020
$175,000
2019
$140,000
2014
Price N/A
2006
$310,000
1969
Price N/A

Zoning & alternative use

BP · Bridgeport, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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