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    236 Woodbine Ave Narberth, PA 19072

    • Investment properties
    • 2,378 SF
    • 0.03 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    9.8%
    Investment properties
    Location Intelligence
    Property ID
    US73-2907465
    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

    • Investment properties

    Property Details for 236 Woodbine Ave

    Year built
    1920
    Lot size
    0.03 lot acres
    Property size
    2,378 SF
    Zone code
    C
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    12-00-03712-00-2
    APU
    120003712002

    Description

    This exceptional 1,050-square-foot commercial property at 236 Woodbine Avenue in desirable Narberth Borough presents a unique opportunity. The building, constructed in 1920, offers a blend of historic charm and modern functionality, perfect for a variety of businesses. The single-tenant space features a bright, open floor plan on the ground floor, ideal for client interaction or collaborative work. Durable tile flooring throughout adds to the ease of maintenance. A convenient bathroom and ample storage are included. A small, private outdoor patio provides a welcome respite. Upstairs, a second floor offers additional office space, providing flexibility for expansion or separation of work areas. The property is classified as Retail, Office, and encompasses Traditional Office, Executive Office, and Creative Office subtypes. This versatile space is ready for immediate occupancy and presents an excellent opportunity to establish or expand your business in a thriving community. The property's location in Narberth Borough offers easy access to local amenities and transportation. Don't miss this chance to secure this well-maintained and conveniently located commercial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $384,000
      Market price range: $385k - $873k
      AI Estimate
      $152,000
      Market price range: $142k - $382k

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

    Location Insight

    • Map
    • Local Demand
    City
    Narberth
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2593
    Latitude
    40.0096
    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
    $3,976
    $52,820
    $31,000
    $83,820
    -
    $52,820
    $31,000
    $83,820

    Comparable in this City

    • Value Estimation
      $345,000
      5,256 SF

      107 Forrest Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,256 SF
      107 Forrest Ave, Narberth, PA 19072-2219
      View Details
    • Value Estimation
      $260,000
      2,547 SF

      259 Iona Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,547 SF
      259 Iona Ave, Narberth, PA 19072-2048
      View Details
    • Value Estimation
      $400,000
      9,274 SF

      1073 Montgomery Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 9,274 SF
      1073 Montgomery Ave, Penn Valley, PA 19072-1605
      View Details
    • Value Estimation
      $310,000
      4,800 SF

      707 Montgomery Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,800 SF
      707 Montgomery Ave, Penn Valley, PA 19072-2011
      View Details
    • Value Estimation
      $820,000
      4,023 SF

      610 Montgomery Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,023 SF
      610 Montgomery Ave, Narberth, PA 19072-2010
      View Details
    • Value Estimation
      $365,000
      4,736 SF

      737 Montgomery Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,736 SF
      737 Montgomery Ave, Penn Valley, PA 19072-2011
      View Details

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    • Contact for pricing
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      0.03 Acres

      234 Woodbine Ave, Narberth, PA 19072

      Office Properties & Spaces • 0.03 Acres
      234 Woodbine Ave, Narberth, PA 19072
      View Details
    • Contact for pricing
      0.03 Acres

      236 Woodbine Ave, Narberth, PA 19072

      Commercial real estate • 0.03 Acres
      236 Woodbine Ave, Narberth, PA 19072
      View Details
    • $1,725,000
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      Narberth Office Portfolio Opportunity

      Two well-maintained office properties in Narberth, PA, totaling 8,100+ SF.
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    Similar Nearby for Lease

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      Narberth Office Space Available

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      Narberth Office Building For Sale

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    • $50 SF/Yr
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      Main Line Mixed-Use Building

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      View Details
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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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