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

    2991 Swede Rd Norristown, PA

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

    Retail opportunity with strong demographics and traffic counts.

    Type:RETAIL
    Property size:
    7,100 SF
    Lot size:
    0.14 Acres
    Added:
    Mar 25, 2025
    Days on Market:
    403
    Last Refresh:
    Apr 5 at 10:35 pm

    Property Features for 2991 Swede Rd

    General Information

    Standard status
    Active
    Size
    7,100 SF
    Lot size
    0.14 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2991 Swede Rd Contact us

    We can help!

    Listing Contact
    Valerie Barger
    Valerie Barger

    Listing agent Valerie Barger

    Listing office Metro Commercial - PA

    Listing date Mar 25, 2025

    Source Moodyscre

    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 Metro Commercial - PA

    Overview

    Retail Space on Germantown Pike

    This retail property offers a prominent small shop opportunity on Germantown Pike. The total gross leasable area (GLA) is approximately 100,816 square feet. Opportunities exist to lease endcap, inline, and freestanding spaces. The property benefits from strong area demographics and traffic counts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Just Tires (Bike/Boat/Book/etc) Store Goodyear Auto Service (Bike/Boat/Book/etc) Store Goodyear Auto Center (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • Astor Shopping Center — Norristown, PA 19401
    • Logan Commerce Center — 1700 Markley St, Norristown, PA 19401
    • Penn Square Shopping Center — East Norriton, PA 19401
    • Coin Cloud Bitcoin ATM — 1820 Markley St, Norristown, PA 19401
    • Coin Cloud Bitcoin ATM — 1721 Markley St, Norristown, PA 19401

    Location Insight

    • Map
    • Local Demand
    City
    Norristown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.3145
    Latitude
    40.1484

    Nearby Similar for Lease

    • $2,950/Mo

      NORRISTOWN Commercial Space For Lease

      Prime commercial space suitable for office, medical, or retail use.
      363-365 W JOHNSON Highway, NORRISTOWN, PA 19401
      View Details
    • $1,395/Mo

      Turnkey Commercial Property in Norristown

      Revitalized commercial space suitable for retail, office, or financial services.
      524 DEKALB Street, NORRISTOWN, PA 19401
      View Details
    • $350/Mo

      Norristown Office Suites For Lease

      Professional office suites in a centrally located Norristown building.
      20 W MAIN Street W, NORRISTOWN, PA 19401
      View Details
    • $1,200/Mo

      Norristown Commercial Space Available Now

      800 sqft commercial space for lease in Norristown, PA.
      200 W MARSHALL Street, NORRISTOWN, PA 19401
      View Details
    • $10 SF/Yr

      Norristown Office Building For Lease

      Office building for lease, ideal for professional businesses.
      541-543 SWEDE Street, NORRISTOWN, PA 19401
      View Details
    • $638/Mo

      Highly Visible Norristown Office Space

      Office space in a highly visible location with ample parking.
      449 HAMILTON Street, NORRISTOWN, PA 19401
      View Details
    • $2,900/Mo

      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
    • $720/Mo

      Highly Visible Commercial Location

      Commercial space for rent in a highly visible Norristown location.
      449 HAMILTON Street, NORRISTOWN, PA 19401
      View Details
    • $705/Mo

      Highly Visible Norristown Commercial Space

      Highly visible commercial space suitable for various professional services.
      449 HAMILTON Street, NORRISTOWN, PA 19401
      View Details
    • $2,950/Mo

      Office Space for Rent

      Office space available for rent in Norristown, Pennsylvania.
      363-365 W Johnson Hwy, Norristown, PA 19401
      View Details
    • $2 SF/Yr

      Courtside Square Office Space

      Versatile 880 Sq. Ft. commercial space available for immediate lease.
      570 Dekalb St w Pike, Unit 113, King of Prussia, PA 19406
      View Details
    • Contact for pricing

      Norristown Office Space Available

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

    FAQs

    What type of property is this?
    Shopping center - Retail opportunity with strong demographics and traffic counts.
    Where is this shopping center located?
    The property is located at 2991 Swede Rd Norristown, PA.
    What are key features of this property?
    This property features: Prominent location on Germantown Pike.; Strong area demographics.; High traffic counts.
    (610) 306-6488 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Valerie Barger
    Valerie Barger
    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

    2991 Swede Rd, Norristown, PA

    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!