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

    317 W Johnson Hwy Norristown, PA 19401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Three-story, 2,888 SF mixed-use building on 9,000 SF lot.

    Property size:
    2,888 SF
    Lot size:
    9,000.00 Acres

    Property Features for 317 W Johnson Hwy

    General Information

    Standard status
    Active
    Zoning
    C Commercial
    Size
    2,888 SF
    Lot size
    9,000.00 Acres

    Building Details

    Year built
    1930

    We can help!

    Listing Contact
    Suzanne Basile
    Source: Crexi

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

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

    Learn more

    Overview

    Mixed-Use Building in Norristown

    The property features a freestanding, three-story retail/commercial building with a total area of 2,888 square feet, excluding an unfinished basement, situated on a 9,000 square foot lot (approximately 0.206 acres). Public water and sewer services are available. The location benefits from public transportation, with a SEPTA bus stop nearby, providing convenient access for customers and employees. This property is suitable for an owner-user or investor seeking a high-visibility commercial location.
    Location Intelligence

    Current Use by Public Records

    Kitty Cottage Adoption ... Pet Adoption Service

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Norristown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.320724
    Latitude
    40.127575

    Nearby Similar for Sale

    • $499,000
      0.09 Acres

      Updated Office Building in Norristown

      Move-in ready office building with separate utilities and off-street parking.
      529 Swede St, 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 St, Norristown, PA 19403
      View Details
    • $770,000
      7,400 SF

      Norristown Mixed-Use Investment Opportunity

      Four apartments and commercial space in a prime location.
      501 Swede St, Norristown, PA 19401
      View Details
    • New
      $269,000
      0.02 Acres

      Professional Office Space, King of Prussia

      Modern office space in a desirable commercial hub.
      20133 Valley Forge Cir, King of Prussia, PA 19406
      View Details
    • $368,900
      3,346 SF

      Mixed-Use Property in Norristown

      Mixed-use property featuring commercial space and a two-bedroom apartment.
      254 E Main St, Norristown, PA 19401
      View Details
    • $749,000
      0.04 Acres

      Mixed-Use Property in Thriving Norristown

      Three apartments and a commercial space in a prime location.
      421 W Marshall St, Norristown, PA 19401
      View Details
    • New
      $315,000
      2,020 SF

      Norristown Duplex: Investment Opportunity

      Well-maintained Norristown duplex with strong rental potential.
      621 Hamilton St, Norristown, PA 19401
      View Details
    • Contact for pricing
      0.38 Acres

      Versatile Commercial Space in Norristown

      Adaptable commercial space with open floor plan and ample parking.
      516 E Marshall St, Norristown, PA 19401
      View Details
    • New
      $389,000
      3,046 SF

      Norristown Triplex Near Main Street

      Triplex near Main Street with income potential and parking.
      215 Haws Ave, Norristown, PA 19401
      View Details
    • $400,000
      3,352 SF

      Norristown Triplex for Renovation

      Triplex in Norristown, PA, needing total renovation or redevelopment.
      1009 Dekalb St, Norristown, PA 19401
      View Details
    • $345,000
      2,176 SF

      Norristown Duplex Investment Opportunity

      Duplex in strong rental corridor with income potential.
      558 Stanbridge St, Norristown, PA 19401
      View Details
    • $199,900
      0.03 Acres

      King of Prussia Commercial Space

      1,170 sq ft commercial space in Valley Forge Towers.
      10116 Valley Forge Cir, King of Prussia, PA 19406
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Three-story, 2,888 SF mixed-use building on 9,000 SF lot.
    Where is this mixed-use property located?
    The property is located at 317 W Johnson Hwy Norristown, PA.
    What are key features of this property?
    This property features: - High-visibility commercial location ideal for owner-user or investor.; - Freestanding, 3-story retail/commercial building totaling 2,888 SF.; - 9,000 SF (±0.206 acres) lot with public water and sewer.
    Request Owner's contact information
    317 W Johnson Hwy Norristown, PA 19401
    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.
    317 W Johnson Hwy
    Norristown, PA 19401
    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
    317 W Johnson Hwy Norristown, PA 19401
    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
    Suzanne Basile
    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!