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    501 And 2 Jenkintown, PA 19046

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    501 And 2 Jenkintown, PA 19046

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    • Retail properties & Spaces
    • 0.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 501 And 2

    Year built
    2024
    Lot size
    0.50 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity presents 1,348 square feet of brand new commercial space located at 501 Washington Lane, Unit #2, in Jenkintown, Pennsylvania. Situated in a vibrant mixed-use building, this space boasts excellent visibility from York Road, ensuring high foot traffic and brand awareness. The building itself is a newly constructed development, featuring 22 brand new apartments above the commercial spaces, creating a bustling and dynamic environment. Unit #2 offers a large storefront with expansive windows, ideal for showcasing merchandise and attracting customers. The space is highly versatile and suitable for a wide range of businesses. The property sits on a half-acre lot, providing ample space and potential for future expansion or outdoor seating (subject to local regulations). This is a rare chance to establish a business in a prime Jenkintown location within a modern, attractive building. The lease terms are negotiable, and the space is ready for immediate occupancy. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jenkintown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.1261
    Latitude
    40.0924

    Comparable in this City

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      801 Huntingdon Pike

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      1,232 SF

      815 Huntingdon Pike

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,232 SF
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    • Value Estimation by Request
      4,077 SF

      439 Leedom St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,077 SF
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    • Value Estimation
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      309 Lynwood Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,860 SF
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    • Value Estimation by Request
      1,947 SF

      455 Old York Rd

      Restaurants • 1,947 SF
      455 Old York Rd, Jenkintown, PA 19046
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    Similar Nearby for Sale

    • Contact for pricing

      Retail Space on Old York Road

      Retail space with high visibility and accessibility near major routes.
      455 Old York Rd, Jenkintown, PA 19046
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    • $750,000
      0.04 Acres

      Jenkintown Mixed-Use Building For Sale

      Well-maintained office/retail/apartment building in the heart of Jenkintown Borough.
      711 West Ave, Jenkintown, PA 19046
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    • $1,785,000
      0.29 Acres

      Jenkintown Multi-Family Investment

      Seven-unit building, fully rented, prime location.
      114 York Rd, Jenkintown, PA 19046
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    • $1,500,000
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      Jenkintown Commercial Property - 1.3 Acres

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      Prime Jenkintown Office Space

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      7.28 Acres

      Jenkintown Office Building Opportunity

      Prime Jenkintown Office Space Available
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    Similar Nearby for Lease

    • $18 SF/Yr
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      Former Bank Location on Route 611

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      Retail Space Available For Rent

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      455 Old York Rd, Jenkintown, PA 19046
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    • $1,875 /Mo

      Updated Mixed-Use Space in Jenkintown

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    • $28 SF/Yr

      Health-Conscious Office, Medical & Retail

      Class A office, medical, and retail space with flexible lease terms.
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      3,500 SF

      Retail Space Near High-Traffic Corner

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    • $1,875 /Mo
      114,998 SF

      Updated Mixed-Use Space in Jenkintown

      Updated 1,368 sq ft mixed-use space for lease.
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    501 And 2
    Jenkintown, PA 19046
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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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