Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Vacant Land Opportunity Title is generated by Realmo AI

    120 East Marshall Street, Norristown, PA 19401

    View on Map
    Claim this Listing
    For Sale
    $35,000

    Vacant land available with seller financing in Norristown, PA.

    Type:Land / Fee Simple
    Added:
    Jul 25, 2024
    Days on Market:
    677
    Last Refresh:
    Mar 13 at 1:42 pm

    Property Features for 120 East Marshall Street

    General Information

    Standard status
    Active
    Property subtype
    Land / Fee Simple

    We can help!

    Listing Contact
    Connor John Fellin

    Listing agent Connor John Fellin License #RS341159

    Listing office Amo Realty

    Listing date Jul 25, 2024

    Source Compass

    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 Amo Realty

    HighLights

    • Seller financing available with 20% down and prime + 2.5% interest.
    • Multiple lots available, ideal for development.
    • Located in Norristown Boro.
    • Vacant land, ready for your development plans.
    • Located in Montgomery County.
    • Located in Norristown Area School District.

    Overview

    Vacant land is available with seller financing at 20% down at a rate of prime + 2.5. Multiple lots are being offered, presenting an opportunity for a developer to create an innovative project. Buyers are responsible for verifying zoning, utilities, and property suitability. The property is sold as-is with no guarantees. The land is located in Norristown Boro, Montgomery County. The school district is Norristown Area.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Norristown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.34459
    Latitude
    40.11782

    Nearby Similar for Sale

    • $749,000

      Norristown Mixed-Use Investment Opportunity

      Three apartments and a commercial space in a prime location.
      421 W MARSHALL Street, NORRISTOWN, PA 19401
      View Details
    • $334,900
      3,346 SF

      Norristown Mixed-Use Investment Opportunity

      Mixed-use property with restaurant and apartment in revitalizing downtown.
      254 E MAIN Street, NORRISTOWN, PA 19401
      View Details
    • $850,000

      Norristown Development Opportunity

      0.65 acre development opportunity in Norristown, PA.
      341 E MAIN Street, NORRISTOWN, PA 19401
      View Details
    • $500,000
      6,867 SF

      Norristown Commercial Revitalization District Property

      Commercial property in Norristown's Revitalization District with high traffic.
      1445 W MAIN Street, NORRISTOWN, PA 19403
      View Details
    • $5,000

      Versatile Commercial Space in Norristown

      Adaptable commercial space with open floor plan and ample parking.
      516 E MARSHALL STREET, NORRISTOWN, PA 19401
      View Details
    • $335,000
      2,176 SF

      Norristown Duplex Investment Opportunity

      Duplex in strong rental corridor, generating reliable cash flow.
      558 STANBRIDGE Street, NORRISTOWN, PA 19401
      View Details
    • $474,900

      Updated Office Building in Norristown

      Move-in ready office building with separate utilities and off-street parking.
      529 SWEDE Street, NORRISTOWN, PA 19401
      View Details
    • $265,000
      1,794 SF

      Norristown Duplex: Investment Opportunity

      Well-maintained duplex in Norristown, PA, near transportation and amenities.
      525 KOHN Street, NORRISTOWN, PA 19401
      View Details
    • $350,000
      3,046 SF

      Norristown Triplex Near Main Street

      Triplex near Main Street with parking and investment potential.
      215 HAWS Avenue, NORRISTOWN, PA 19401
      View Details
    • $240,000
      2,430 SF

      Norristown Duplex: Investment Opportunity

      Three-story duplex in Norristown, Pennsylvania, with detached garage.
      1424 POWELL Street, NORRISTOWN, PA 19401
      View Details
    • $5,580,000
      13,650 SF

      Freestanding Walgreens in Norristown, PA

      Single tenant Walgreens with absolute NNN lease in Norristown, PA.
      3300 Dekalb Pike, Norristown, PA
      View Details
    • $595,000

      Norristown Commercial Property For Sale

      Commercial property with office and warehouse space in Norristown.
      420 W POPLAR STREET, NORRISTOWN, PA 19401
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land available with seller financing in Norristown, PA.
    Where is this land located?
    The property is located at 120 East Marshall Street Norristown, PA.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Seller financing available with 20% down and prime + 2.5% interest.; Multiple lots available, ideal for development.; Located in Norristown Boro.
    (484) 942-3594
    We can help!
    Listing Contact
    Connor John Fellin
    Real Estate License ID: RS341159
    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
    120 East Marshall Street, Norristown, PA 19401
    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!