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    954 Montgomery Ave Narberth, PA 19072
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    954 Montgomery Ave, Narberth, PA 19072

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    • Office Spaces
    • 13,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 954 Montgomery Ave

    Property type
    Office Spaces

    Description

    This exceptional two-story office building, located at 954 Montgomery Avenue in the desirable Narberth submarket of Montgomery Avenue, Pennsylvania, offers a fantastic opportunity for businesses seeking flexible and convenient office space. The 13,000 square foot building features thirteen individual suites, providing options for various business sizes. Spaces range from a minimum of 300 square feet to a maximum contiguous space of 700 square feet, with a total of 750 square feet currently vacant. The building is classified as a traditional office space and is ideal for multiple tenants. Ample parking is available with 20 spaces provided for tenants and visitors. The building's location on Montgomery Avenue in Narberth offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in this thriving community. The property's address is 954 Montgomery Avenue, Narberth, PA 19072. This is a rare opportunity to secure office space in a highly sought-after location. Inquire today to learn more about available suites and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Narberth
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2621
    Latitude
    40.0121

    Comparable in this City

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      915 Montgomery Ave

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      $830,000
      3,396 SF

      531 Gordon Ave

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    • Value Estimation
      $1,460,000
      9,648 SF

      450 Narberth Ave

      OFFICE BUILDING (MULTI-STORY)
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      0.06 Acres

      Narberth Office Space - Available Now

      Prime Narberth location, flexible office space.
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      0.04 Acres

      Narberth Restaurant Space - Turnkey Opportunity

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      0.03 Acres

      236 Woodbine Ave, Narberth, PA 19072

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    • $845,000

      Land for Sale

      Land available in Penn Valley.
      41 Fairview Rd, Penn Valley, PA 19072
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    Similar Nearby for Lease

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      Office Space For Lease

      First floor office space available in elevator building.
      915 Montgomery Ave, Narberth, PA 19072
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    • $6,500 /Mo
      7,248 SF

      Narberth Office Space For Lease

      2,000+/- sf office space with parking in Narberth, PA.
      145 N Narberth Ave, Narberth, PA 19072
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      Unique Office Spaces in Narberth

      Historic building converted into distinctive office spaces in Narberth.
      105 Forrest Ave, Narberth, PA 19072
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      Prime Office and Retail Space

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      Main Line Mixed-Use Building

      7,400 SF building with office, retail, and medical space.
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      Retail Space in Downtown Narberth

      Prime retail space in a vibrant, walkable downtown location.
      228-246 Haverford Ave, Narberth, PA 19072
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    Narberth, PA 19072
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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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