Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3120 Ridge Pike Norristown, PA 19403

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $833 /Mo

    500 SF office space for lease on Ridge Pike.

    Lot size:
    1.27 Acres

    Property Features for 3120 Ridge Pike

    General Information

    Standard status
    Active
    Lot size
    1.27 Acres

    Building Details

    Year built
    1974

    We can help!

    Listing Contact
    Sue Basile
    Source: Exitrealty

    Listing Agency: J.M. Basile & Associates Inc. Listing Agent: Sue Basile

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Second Floor Office Space

    This second-floor office space offers 500 square feet for lease at $20.00 per square foot, equating to $833.00 per month, plus utilities and janitorial services. The unit features electric baseboard heat and window air conditioning units. It has been newly painted and carpeted, and benefits from plenty of windows providing natural light. A well-lit macadam parking lot is available. The property is zoned RPB – Ridge Pike Business District, which allows for most commercial uses. Signage opportunities are available on heavily traveled Ridge Pike. The location allows for walking access to stores, shops, and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eagleville Fence Co ... General Contractor Agua Bistro Restaurant People Centric Real ... Real Estate Agency Samantha snyder Real Estate Agency Matthew Cianci & Sons ... Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Norristown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.402745
    Latitude
    40.155857

    Nearby Similar for Lease

    • $1,395 /Mo
      436 SF

      Turnkey Commercial Space in Norristown

      Revitalized commercial property ideal for retail, office, or financial services.
      524 Dekalb St, Norristown, PA 19401
      View Details
    • New
      $1,900 /Mo

      King of Prussia Commercial Space

      Versatile commercial space in an active King of Prussia location.
      570 W Dekalb Pike, King of Prussia, PA 19406
      View Details
    • New
      $350 /Mo

      Norristown Office Suites For Lease

      Professional office suites in a centrally located Norristown building.
      20 W Main St W, Norristown, PA 19401
      View Details
    • $2,900 /Mo
      139,828 SF

      Modern Office Building For Lease

      Modern, two-story office building in excellent condition, suitable for various businesses.
      3238 W Germantown Pike, Norristown, PA 19403
      View Details
    • $3,350 /Mo

      King of Prussia Office Suite

      Corner office suite in King of Prussia available for lease.
      144 E Dekalb Pike, King of Prussia, PA 19406
      View Details
    • $1,200 /Mo

      Norristown Commercial Space Available Now

      800 sqft commercial space for lease in Norristown, PA.
      200 W Marshall St, Norristown, PA 19401
      View Details
    • $3,000 /Mo
      20,909 SF

      Stand Alone Office Building Lease

      Office building suitable for medical, dental, or professional use.
      2792 Egypt Rd, Audubon, PA 19403
      View Details
    • Sponsored
      Contact for pricing

      King Of Prussia

      Discover many ways to work your way in Democracy Plaza
      630 Freedom Business Ctr Dr, King of Prussia, PA 19406
      View Details
    • Contact for pricing

      PA, King of Prussia - American Ave

      Discover many ways to work your way in One Liberty Place
      680 American Ave, King of Prussia, PA 19406
      View Details
    • $638 /Mo
      42,689 SF

      Highly Visible Norristown Office Space

      Office space in a highly visible location with ample parking.
      449 Hamilton St, Norristown, PA 19401
      View Details
    • $18 SF/Yr
      800 SF

      Renovated Office Space Available

      5,000 sq ft renovated office space for rent.
      9 Lawn Ave, Norristown, PA 19403
      View Details
    • $1.00 SF/Yr

      Norristown Office Space Available

      Office space for rent at 904 Jefferson Avenue.
      904 Jefferson Ave, Norristown, PA 19403
      View Details

    FAQs

    What type of property is this?
    Office units - 500 SF office space for lease on Ridge Pike.
    Where is this office units located?
    The property is located at 3120 Ridge Pike Norristown, PA.
    What is the lease rate?
    The lease rate is $833 /Mo.
    What are key features of this property?
    This property features: - Convenient Location: Walk to stores, shops, and restaurants.; - Affordable Rent: $833.00 per month plus utilities and janitorial.; - Well-Lit Office Space: Plenty of windows and natural light.
    (610) 768-4000
    Request Owner's contact information
    3120 Ridge Pike Norristown, PA 19403
    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.
    3120 Ridge Pike
    Norristown, PA 19403
    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
    3120 Ridge Pike Norristown, PA 19403
    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

    We can help!
    Listing Contact
    Sue Basile
    Real Estate License ID: RM419140
    (610) 768-4000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!