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    105 Forrest Ave Narberth, PA 19072
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    105 Forrest Ave, Narberth, PA 19072

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    • Investment properties
    • 6,750 SF
    • 0.06 lot acres
    For Lease
    $28 SF/Yr
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    Unique Office Spaces in Narberth For Lease
    $28 SF/Yr

    Unique Office Spaces in Narberth

    Historic building converted into distinctive office spaces in Narberth.

    105 Forrest Ave, Narberth, PA 19072
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    Property ID
    US73-0302064
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 105 Forrest Ave

    Year built
    1925
    Lot size
    0.06 lot acres
    Zone code
    C
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    12-00-01312-00-8
    APU
    120001312008

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 30, 2015 — Pom Narberth LP Forrest Avenue Reality LLC Deed —
    Jan 18, 2001 $275,000 Forrest Avenue Realty LLC Phelan,jmaes J & Edith N Grant Deed $300k · Sovereign Bank
    — — Forrest Avenue Realty LLC — Deed Of Trust · related $300k · National Penn Bank
    — — Forrest Avenue Realty LLC — Deed Of Trust · related $75k · Bryn Mawr Trust Co
    — — Forrest Avenue Realty LLC — Deed Of Trust · related $350k · Bryn Mawr Trust Co

    Description

    This exceptional office property, located at 105-113 Forrest Avenue in Narberth, Pennsylvania (Montgomery County, zip code 19072), offers a unique opportunity for businesses seeking flexible and charming office space. The property comprises four historic buildings, totaling 19,816 square feet, converted into a variety of office suites. Currently, there are 2,662 square feet of vacant space available, divisible into units ranging from a minimum of 274 square feet to a maximum contiguous space of 2,250 square feet. The buildings are two stories high and classified as Class B. The property provides ample parking with 26 spaces available for tenants. While elevators are not present, the buildings are easily accessible. The location is highly desirable, situated on Forrest Avenue, with convenient access to Haverford Avenue. The property's unique character and flexible space options make it ideal for a range of businesses, from traditional offices to creative or medical practices, and executive suites. Its prime location in Narberth Borough, on the Main Line, offers easy access to Philadelphia and surrounding areas, making it an attractive option for businesses serving the Main Line community. The individual suites offer unique layouts and sizes, catering to diverse business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,165,000
      6.5%
      $1,075,000
      7%
      $1,000,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $518,000
      Market price range: $402k - $1.08M

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

    Location Insight

    • Map
    • Local Demand
    City
    Narberth
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.261
    Latitude
    40.0058
    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
    $13,521
    $134,130
    $150,890
    $285,020
    -
    $134,130
    $150,890
    $285,020

    Comparable in this City

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      $735,000
      5,256 SF

      107 Forrest Ave

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      2,547 SF

      259 Iona Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      259 Iona Ave, Narberth, PA 19072-2048
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    • Value Estimation
      $1,360,000
      9,274 SF

      1073 Montgomery Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1073 Montgomery Ave, Penn Valley, PA 19072-1605
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    • Value Estimation
      $665,000
      4,800 SF

      707 Montgomery Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      707 Montgomery Ave, Penn Valley, PA 19072-2011
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    • Value Estimation
      $810,000
      4,023 SF

      610 Montgomery Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      610 Montgomery Ave, Narberth, PA 19072-2010
      View Details
    • Value Estimation
      $625,000
      4,736 SF

      737 Montgomery Ave

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

    Similar Nearby for Sale

    • Contact for pricing
      0.03 Acres

      234 Woodbine Ave, Narberth, PA 19072

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      234 Woodbine Ave, Narberth, PA 19072
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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

      Commercial real estate
      236 Woodbine Ave, Narberth, PA 19072
      View Details
    • $845,000

      Land for Sale

      Land available in Penn Valley.
      41 Fairview Rd, Penn Valley, PA 19072
      View Details
    • Contact for pricing
      0.06 Acres

      Narberth Office Space - Available Now

      Prime Narberth location, flexible office space.
      840 Montgomery Ave, Narberth, PA 19072
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Downtown Narberth

      Prime retail space in a vibrant, walkable downtown location.
      228-246 Haverford Ave, Narberth, PA 19072
      View Details
    • Contact for pricing

      Office Space For Lease

      First floor office space available in elevator building.
      915 Montgomery Ave, Narberth, PA 19072
      View Details
    • $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
      View Details
    • Contact for pricing

      Unique Office Spaces in Narberth

      Historic building converted into distinctive office spaces in Narberth.
      105 Forrest Ave, Narberth, PA 19072
      View Details
    • Contact for pricing

      Restaurant Space in Narberth Borough

      Restaurant space with outdoor seating in desirable Narberth Borough.
      232 Woodbine Ave, Narberth, PA 19072
      View Details
    • Contact for pricing
      986 SF

      Main Line Mixed-Use Building

      7,400 SF building with office, retail, and medical space.
      727-731 Montgomery Ave, Penn Valley, PA 19072
      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.

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