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    500 Office Center Dr Fort Washington, PA 19034
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    Property profile & analytics

    500 Office Center Dr, Fort Washington, PA 19034

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    • Office Spaces
    • 8,870 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Arrow Electronics / Factory / Production Facility
    • Family Heating & Air Conditioning / HVAC Service / General Contractor
    • Aurinia Pharmaceuticals Inc / Factory / Production Facility
    • Digital Extreme Technologies, LLC / Marketing & Advertising
    • Michelle Perez-Capilato Law / Law Firm

    Property Details for 500 Office Center Dr

    Property type
    Office Spaces

    Description

    Located at 500 Office Center Drive, Fort Washington, PA 19034, this Class A office building offers exceptional executive office space for lease. The property boasts a total of 8,870 square feet, divided into three suites, providing flexibility for businesses of various sizes. Currently, there is 11,769 square feet of vacant space available, with a minimum leasable area of 900 square feet and the possibility of leasing the entire 8,870 square feet contiguously. The building is situated in Montgomery County and provides ample parking with a ratio of 4.4 spaces per 1,000 square feet. This prestigious location offers a convenient and professional environment for your business. The property is categorized as an Executive Office and Commercial space, suitable for a range of professional tenants. The building's high-quality construction and design reflect its Class A designation. Interested parties are encouraged to inquire about lease terms and availability. This is a unique opportunity to secure prime office space in a desirable location. The address is easily accessible and offers convenient access to major transportation routes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Washington
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.1721
    Latitude
    40.1409

    Comparable in this City

    • Value Estimation by Request
      27,030 SF

      500 Office Center Dr

      Office Units
      500 Office Center Dr, Fort Washington, PA 19034
      View Details
    • Value Estimation by Request
      1.36 Acres

      432 Pennsylvania Ave, Unit 3

      CONDOMINIUM OFFICES
      432 Pennsylvania Ave, Fort Washington, PA 19034-3413
      View Details
    • Value Estimation
      $540,000
      5,359 SF

      434 Virginia Dr

      CONDOMINIUM OFFICES
      434 Virginia Dr, Fort Washington, PA 19034-2705
      View Details
    • Value Estimation by Request
      8,887 SF

      716 Bethlehem Pike

      Office Spaces
      716 Bethlehem Pike, Fort Washington, PA 19034
      View Details
    • Value Estimation
      $19,885,000
      134,553 SF

      601 Ofc Ctr Dr

      CONDOMINIUM OFFICES
      601 Ofc Ctr Dr, Fort Washington, PA 19034-3275
      View Details
    • Value Estimation
      $1,110,000
      10,858 SF

      410 Commerce Dr

      CONDOMINIUM OFFICES
      410 Commerce Dr, Fort Washington, PA 19034-2601
      View Details

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    • Contact for pricing

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      1,974 SF

      Fort Washington Office Space Available

      Office space for lease in Fort Washington, Pennsylvania.
      501 Office Center Dr, Fort Washington, PA 19034
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      Fort Washington Office Space Available

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    Fort Washington, PA 19034
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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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