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    Modern Office Building with Garages Title is generated by Realmo AI

    826 N Lewis Rd, Limerick, PA 19468

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    Refurbished office building with flexible suites and garage buildings.

    Type:Office, Industrial
    Property size:
    27,450 SF
    Lot size:
    3.00 Acres
    Added:
    Sep 26, 2021
    Days on Market:
    1691
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 826 N Lewis Rd

    General Information

    Standard status
    Active
    Size
    27,450 SF
    Lot size
    3.00 Acres
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1967

    Spaces For Lease

    at 826 N Lewis Rd Contact us

    We can help!

    Listing Contact
    Douglas Kelly
    Douglas Kelly

    Listing agent Douglas Kelly License #PA 2192500

    Listing office Binswanger Real Estate

    Listing date Sep 26, 2021

    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 Real Estate

    HighLights

    • State‑of‑the‑art 27,450 sq ft office building with recent renovations.
    • Suites available from 1,500 to 15,000 sq ft, accommodating various tenant sizes.
    • Convenient access to Route 422 for travel to King of Prussia or Pottstown.
    • Located on a three+ acre parcel with two separate garage buildings.
    • Close proximity (within 1 mile) to restaurants, shopping, and convenience stores along Ridge Pike.
    • New windows, Dryvit façade, building systems, parking areas, common facilities, and exterior landscaping.

    Overview

    This 27,450 square foot office building is situated on a three-acre parcel that includes two separate garage buildings at the far end of the site. The property has been renovated with new windows, a Dryvit façade, updated building systems, parking areas, common facilities, and exterior landscaping. Suites ranging in size from 1,500 to 15,000 square feet can accommodate various tenant sizes. The location provides convenient access to Route 422, a short distance from Lewis Road, facilitating travel to King of Prussia or Pottstown. Local amenities, including restaurants, shopping, and convenience stores, are located within a mile along Ridge Pike. The property is located one mile from 422 at the Limerick/Linfield Exit on North Lewis Road.
    Location Intelligence

    Current Use by Public Records

    KLJ Associates Inc Business Management Consultant Rubright Racing Auto Parts Store Behavior interventions Treatment ... Crisis Center Bluebird Staffing Employment Agency Tri-County Counseling Services, ... Crisis Center

    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
    Limerick
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.529134
    Latitude
    40.229487

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    FAQs

    What type of property is this?
    Office building - Refurbished office building with flexible suites and garage buildings.
    Where is this office building located?
    The property is located at 826 N Lewis Rd Limerick, PA.
    What are key features of this property?
    This property features: State‑of‑the‑art 27,450 sq ft office building with recent renovations.; Suites available from 1,500 to 15,000 sq ft, accommodating various tenant sizes.; Convenient access to Route 422 for travel to King of Prussia or Pottstown.
    (215) 448-6000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Douglas Kelly
    Douglas Kelly
    Real Estate License ID: PA 2192500
    Learn More
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    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.

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