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    3055 Ridge Pike Eagleville, PA 19403
    Property profile & analytics

    3055 Ridge Pike, Eagleville, PA 19403

    View on Map
    • Office Spaces
    • 4,100 SF
    • 0.15 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MELISSA M WEIGAND / Physician
    • Christine Hazlett / Physician

    Property Details for 3055 Ridge Pike

    Lot size
    0.15 lot acres
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional investment opportunity presents three meticulously maintained Class A medical/executive office condos within the Moscariello Center, located at 3055 Ridge Pike in Eagleville, Pennsylvania, 19403. The property boasts a highly visible location along Ridge Pike, with ample building and monument signage opportunities. The three-story building features an attractive brick façade and multiple access points for convenient entry. Situated on a 0.15-acre lot, the property offers abundant surface parking for 140 vehicles, accessible from Ridge Pike and Church Road. Each of the three units offers approximately 4,100 to 6,842 square feet of turnkey, plug-and-play space, featuring hardwood floors, built-in storage with sinks, excellent natural light, and controlled access. The units are available on different floors, allowing for flexibility in choosing the ideal floor plan. The property is zoned for commercial condos. Located approximately 23 miles from downtown Philadelphia, Eagleville offers a desirable suburban setting with a thriving community and high average household income (over $112,000 within a 5-mile radius). The area boasts a strong population of 161,226 residents with significant annual spending power (nearly $2.2 billion). Major retailers such as CVS, Target, Walmart, Best Buy, Wegmans, and Dollar Tree are nearby, enhancing convenience and driving demand. The asking price for this ideally located and well-maintained asset is $3,600,000. This presents a strong investment opportunity due to steadily increasing office rents in the Norristown/Valley Forge submarket, offering potential for significant return on investment for both investors and owner-users.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Eagleville
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.3992
    Latitude
    40.1546

    Comparable in this City

    • Value Estimation by Request

      9 Lawn Ave

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      2,556 SF

      2201 Main St

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      2201 Main St, West Norriton, PA 19403-3017
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    • Value Estimation
      $11,330,000
      73,692 SF

      609 Germantown Pike

      MEDICAL BUILDING
      609 Germantown Pike, East Norriton, PA 19403-4243
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      6,208 SF

      104 Egypt Rd

      MEDICAL BUILDING
      104 Egypt Rd, West Norriton, PA 19403-3065
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    • Value Estimation by Request
      1.76 Acres

      536 Trooper Rd

      Office Spaces
      536 Trooper Rd, Norristown, PA 19403
      View Details

    Similar Nearby for Sale

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      Prime Norristown Office Building

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    Similar Nearby for Lease

    • New
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      Stand-Alone Medical Office Building

      Freestanding medical office with multiple exam rooms and optional adjacent suite, plus on-site parking for patients and staff.
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      5,730 SF

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      5,730 square feet of office space available for rent.
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    • $1.00 SF/Yr

      Norristown Office Space Available

      Office space for rent at 904 Jefferson Avenue.
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      Valley Forge Single Tenant Opportunity

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      Renovated Office Space For Rent

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      29 S Trooper Rd, Eagleville, PA 19403
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      Eagleville Office/Retail Space Available

      Office/retail space available in a high-visibility location.
      3140 Ridge Pike, Eagleville, PA 19403
      View Details
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    Eagleville, PA 19403
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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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