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    Property profile & analytics

    2693 Philmont Ave Huntingdon Valley, PA 19006-5305

    • Warehouses
    • 71,290 SF
    • 3.70 lot acres
    OFF-MARKET
    Last Sale
    Apr 07, 2021
    $3,350,000
    Value Estimations
    $4,320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1395651
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • General Aviation Manufacturing / Aircraft Supply Store
    • Aqua ChemPacs, LLC. / Manufacturer / Cleaning Products Supplier
    • KHS Corporation / Machine Shop
    • Overseas Financial Group / Financial Planner

    Property Details for 2693 Philmont Ave

    Year built
    1970
    Lot size
    3.70 lot acres
    Property size
    71,290 SF
    Zone code
    I
    Property type
    Warehouses
    APN
    41-00-06970-50-4
    APU
    410006970504

    Description

    This exceptional Huntingdon Valley, Pennsylvania industrial property, located at 2693 Philmont Avenue, offers 71,290 square feet of warehouse and distribution space. Currently, there is 25,000 square feet of vacant space available, divisible to accommodate tenants needing anywhere from 7,000 to 25,000 square feet. The building, constructed in 1975, features a substantial 24-foot ceiling height, ideal for various industrial uses and efficient storage. The property is situated in Montgomery County and boasts a single suite within the building, making it suitable for a variety of businesses. The address is 2693 Philmont Ave, Huntingdon Valley, PA 19006. This multi-tenant building presents a unique opportunity for businesses seeking flexible and spacious warehouse or distribution facilities in a prime location. The available space provides ample room for operations, storage, and distribution needs. The high ceilings maximize vertical space utilization, enhancing efficiency and storage capacity. This property is perfect for businesses seeking a strategic location in Montgomery County, Pennsylvania, with easy access to major transportation routes. The property's size and features make it an attractive option for companies looking to expand or relocate their operations. Inquire today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,577,000
      Market price range: $4.32M - $9.45M
      AI Estimate
      $3,048,000
      Market price range: $2.01M - $5.75M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Huntingdon Valley
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.0519
    Latitude
    40.1209
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $51,075
    $0.00
    $0.00
    $1,011,600
    -
    $0.00
    $0.00
    $1,011,600

    Comparable in this City

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      View Details
    • Value Estimation
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      459 Pike Rd

      WAREHOUSE, STORAGE • 13,232 SF
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    • Value Estimation
      $670,000
      32,535 SF

      851 County Line Rd

      WAREHOUSE, STORAGE • 32,535 SF
      851 County Line Rd, Huntingdon Valley, PA 19006-1111
      View Details
    • Value Estimation
      $420,000
      14,175 SF

      450 Pike Rd

      WAREHOUSE, STORAGE • 14,175 SF
      450 Pike Rd, Huntingdon Valley, PA 19006-1610
      View Details
    • Value Estimation
      $495,000
      16,115 SF

      410 Pike Rd

      WAREHOUSE, STORAGE • 16,115 SF
      410 Pike Rd, Huntingdon Valley, PA 19006-1610
      View Details
    • Value Estimation
      $320,000
      2,390 SF

      460 Veit Rd E E Ste

      WAREHOUSE, STORAGE • 2,390 SF
      460 Veit Rd E E Ste, Huntingdon Valley, PA 19006-1624
      View Details

    Similar Nearby for Sale

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    • $345,000
      0.75 Acres

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    Similar Nearby for Lease

    • $4,125 /Mo
      186,437 SF

      Office/Warehouse Space with Loading Dock

      2,750 SF office/warehouse with loading dock in Huntingdon Valley.
      2337 Philmont Ave, Huntingdon Valley, PA 19006
      View Details
    • Contact for pricing
      7,031 SF

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      View Details
    • Contact for pricing
      12,000 SF

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      12,000 square feet of office space for rent.
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    • $12 SF/Yr
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      Huntingdon Valley Office Space

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      Commercial space for lease with flexible workspace and ample parking.
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    • Contact for pricing
      4,000 SF

      Huntingdon Valley Office Space

      4,000 SF office space available for rent.
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      View Details
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    2693 Philmont Ave
    Huntingdon Valley, PA 19006-5305
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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.

    More about this property
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