Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space on Ridge Pike Title is generated by Realmo AI

    1215 W Ridge Pike, Conshohocken, PA 19428

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in Conshohocken with high traffic location.

    Type:Retail
    Property size:
    5,772 SF
    Lot size:
    0.43 Acres
    Added:
    Apr 4, 2023
    Days on Market:
    1136
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 1215 W Ridge Pike

    General Information

    Standard status
    Active
    Size
    5,772 SF
    Lot size
    0.43 Acres
    Property subtype
    Retail

    Spaces For Lease

    at 1215 W Ridge Pike Contact us

    We can help!

    Listing Contact
    Timothy Pennington

    Listing agent Timothy Pennington License #PA

    Listing office Binswanger

    Listing date Apr 4, 2023

    Source Crexi

    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 Binswanger

    HighLights

    • 5,772 SF property on .43 acres
    • Located directly on highly traveled Ridge Pike in Conshohocken
    • Easy access to I‑76, I‑276, and I‑476
    • Proximity to major regional highways
    • Located within 8 miles of King of Prussia
    • Located within 18 miles of downtown Philadelphia

    Overview

    This retail space offers 5,772 square feet on a 0.43-acre lot. Situated directly on Ridge Pike in Conshohocken, the property benefits from high traffic. Its location provides convenient access to I-76, I-276, I-476, and other major regional highways. The property is located within 8 miles of King of Prussia and 18 miles of downtown Philadelphia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Master Medical Group Medical Supply Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Conshohocken
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.309034
    Latitude
    40.101261

    Nearby Similar for Lease

    • $4,550/Mo

      Adaptable Retail Space in Conshohocken

      Versatile retail space with warehouse and office/storage areas.
      115 W RIDGE Pike, CONSHOHOCKEN, PA 19428
      View Details
    • $1,800/Mo

      Downtown Conshohocken Office Space

      Move-in-ready office suite in a vibrant, convenient downtown location.
      100 W 3rd Ave Ste 100, CONSHOHOCKEN, PA, 19428-1879
      View Details
    • $1,600/Mo

      Conshohocken Office Space For Rent

      Office space in Conshohocken with access to major highways.
      529 Fayette St Ste 102, CONSHOHOCKEN, PA, 19428-4727
      View Details
    • Contact for pricing

      Unique Industrial-Style Office Space

      Repurposed boiler house offering creative office space for rent.
      1010 Spring Mill Ave, Conshohocken, PA 19428
      View Details
    • Contact for pricing

      Conshohocken Office Space Available

      Office space for lease in Conshohocken, 8,000-35,555 SF.
      225 Washington St, Conshohocken, PA 19428
      View Details
    • Contact for pricing

      Creative Office Space with Amenities

      Amenity-rich creative office space in Conshohocken with walkable train access.
      20 Ash St, Conshohocken, PA
      View Details
    • Contact for pricing

      Converted Warehouse with Outdoor Patio

      27,732 SF Class A converted warehouse with 16' ceilings.
      1100 E Hector St, Conshohocken, PA 19428
      View Details
    • $26 SF/Yr

      Conshohocken Office Space Available

      Office space for rent with upgraded finishes and convenient location.
      1000 Conshohocken Rd, Conshohocken, PA
      View Details
    • $23 SF/Yr

      Conshohocken Office Space Available

      4,400 square feet of office space for rent.
      424 E Elm St, Conshohocken, PA
      View Details
    • Contact for pricing

      Conshohocken Office Suites Available

      Office suites available, ranging from 1,000 to 15,000± sqft.
      100 Front St, Conshohocken, Pennsylvania 19428
      View Details
    • Contact for pricing

      Boutique Office Building For Rent

      30,256 SF office building with move-in ready suites.
      375 East Elm Street, Conshohocken, PA, 19428
      View Details
    • Contact for pricing

      Retail Space in Conshohocken

      Retail space with high visibility and strong local economy.
      200 W Rdg Pike, Conshohocken, PA
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in Conshohocken with high traffic location.
    Where is this retail space located?
    The property is located at 1215 W Ridge Pike Conshohocken, PA.
    What are key features of this property?
    This property features: 5,772 SF property on .43 acres; Located directly on highly traveled Ridge Pike in Conshohocken; Easy access to I‑76, I‑276, and I‑476
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Timothy Pennington
    Real Estate License ID: PA
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1215 W. Ridge Pike, Conshohocken, PA 19428
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!