Back to Search
Property profile & analytics
FOR LEASE
Office buildings
1000 Madison Ave Norristown, PA 19403
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-2615321
For Lease
$15,875,000
1000 Madison Ave, Norristown, PA 19403
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
100,024 SF
Lot
8.64 ac (376,358 SF)
Zoning code
IP
APN
43-00-15127-00-4
UPID
US73-2615321
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Czop/Specter Inc Structural Engineer
-
Attorney General Law Firm
-
Thomson Reuters Newspaper & Magazine Television Studio
-
Environmental Crimes Section State Government Office
-
Criminal Investigation Bureau Police Department
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.02M
Blend (final)
Blend
$15.88M
Owner & transaction history
Hudson-norristown LLC · 7 yrs held
Hudson-norristown LLC
since 2019
5 recorded transactions
Zoning & alternative use
IP · Norristown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norristown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$17,420,000
Current use
MEDICAL BUILDING
$15,765,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$14,430,000
Change: -17% · Conversion: Easy
RESTAURANT
$14,040,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$15.88M
Range $14.29M – $17.46M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$159 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$305,899
Tax year 2023
Assessed value
$7,500,000
Assessed 2024
Previous assessed
$7,500,000
+0.0% YoY
Effective rate
4.08%
On assessed value
Total market value
$7,500,000
Applied tax rate
43.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1989
Heating
HEAT PUMP
Cooling
CENTRAL
Total area
100,024 SF
Lot
8.64 ac (376,358 SF)
Zoning code
IP
APN
43-00-15127-00-4
UPID
US73-2615321
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
IP · Norristown, PA
Zoning IP · permitted uses
IP · Norristown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norristown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$17.4M
MEDICAL BUILDING
Est. value
$15.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.4M
RESTAURANT
Est. value
$14.0M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
HEAT PUMP
Cooling
Yes
Lot
8.64 ac
Current owner
From public records · entity-resolved
Hudson-norristown LLC
Entity
Mailing address
90 MATAWAN RD STE #103, MATAWAN, NJ 07747-0392
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2019
$17,500,000
Hudson-norristown LLC
1000 Madison Kpg III LLC
Trustees Deed
$13,500,000 · Cantor Com'l R/e Lndg
Aug 29, 2013
$7,900,000
1000 Madison Kpg III LLC
Mack-cali Property Trust
Grant Deed
—
Dec 12, 1997
$14,000,000
Caliproperty Trust
Trooper Partnership Ltd
Grant Deed
—
—
—
1000 Madison Kpg III LLC
—
Deed Of Trust
related
$8,102,490 · Pccp First Mtg II Reit Sub LLC
—
—
Mack-cali Trust
—
Deed Of Trust
related
$8,750 · Mack-cali Realty LP
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
