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    115 Main St Trappe, PA 19426-2068
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    Property profile & analytics

    115 Main St, Trappe, PA 19426-2068

    View on Map
    • Office buildings
    • 6,126 SF
    • 0.46 lot acres
    Off-Market
    Last Sale Sep 27, 2024
    $1,300,000
    Property ID
    US73-0746550
    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
    $1,205,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 115 Main St

    Year built
    2010
    Lot size
    0.46 lot acres
    Zone code
    C1
    Property type
    Office buildings
    APN
    23-00-00838-00-3
    APU
    230000838003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 27, 2024 $1,300,000 115 West Main St LLC Providence Property Holdings LLC Deed —
    May 7, 2010 — Phoenixville Fedl Bk & Trust Providence Prop Holdings LLC Grant Deed · related —
    Aug 31, 2009 $325,000 Providence Property Holdings LLC Janean S Clark Deed —
    Apr 6, 2009 — Stuart M Clark Clark,stuart M & Rose Quit Claim Deed · related —
    — — Providence Prop Holdings LLC — Deed Of Trust · related $933k · Phoenixville Fed'l Bk&tr
    — — Providence Prop Holdings LLC — Deed Of Trust · related $1M · Parke Bank

    Description

    This exceptional investment opportunity presents a fully leased, 1300000 USD office building located at 115 W Main Street in Collegeville, Pennsylvania. Situated on a 0.46-acre lot, the property offers a turnkey solution for investors seeking immediate cash flow. The anchor tenant is MyEyeDr, a prominent national eye care provider with over 500 locations, ensuring strong tenant stability. A significant value-add opportunity exists with one smaller tenant currently operating under a month-to-month lease at below-market rent. This presents the potential for immediate rental income increases. Furthermore, the buyer may be able to incorporate a management fee into the common area maintenance (CAM) charges, generating additional revenue. The building is conveniently equipped with an elevator and is fully compliant with the Americans with Disabilities Act (ADA) accessibility standards. Ample parking is provided with 22 dedicated off-street spaces for tenants and visitors. This property represents a compelling investment prospect with significant upside potential due to the existing lease structure and the potential for increased revenue streams. The strong anchor tenant and the strategic location in Collegeville, PA, contribute to the overall attractiveness of this offering. This is a rare opportunity to acquire a well-maintained, fully leased office building in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,010,000
      Market price range: $579k - $1.54M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,000,000
      Current use
      AUTO REPAIR, GARAGE
      $1,810,000
      Change: +81% Conversion: Difficult
      RETAIL STORES
      $1,650,000
      Change: +65% Conversion: Moderate
      MEDICAL BUILDING
      $965,000
      Change: -4% Conversion: Easy
      RESTAURANT
      $860,000
      Change: -14% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $850,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Trappe
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.4663
    Latitude
    40.1952
    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
    $16,358
    $0.00
    $0.00
    $389,210
    -
    $0.00
    $0.00
    $389,210

    Comparable in this City

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      102,279 SF

      172 Uppr Indian Head Rd

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    • Value Estimation by Request
      2,166 SF

      168 1st Ave

      OFFICE BUILDING
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    • Value Estimation
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      10,242 SF

      505 2nd Ave, Unit 511

      OFFICE BUILDING
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      View Details
    • Value Estimation by Request
      3,060 SF

      360 Gravel Pike

      PROFESSIONAL BUILDING
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      View Details
    • Value Estimation
      $815,000
      11,476 SF

      372 Main St

      OFFICE BUILDING (MULTI-STORY)
      372 Main St, Collegeville, PA 19426-2715
      View Details
    • Value Estimation
      $1,725,000
      17,368 SF

      1610 Main St

      OFFICE BUILDING
      1610 Main St, Collegeville, PA 19426-2718
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.07 Acres

      Collegeville Office Building For Lease

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      Prime Collegeville Office Space

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      Commercial/Industrial Opportunity in Trappe, PA

      Highly visible commercial property suitable for various professional uses.
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      0.06 Acres

      Trappe, PA Office Building For Sale

      Prime Commercial Building, High Visibility, 8,442 SF
      350 Main St, Trappe, PA 19426
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    • Contact for pricing
      6.51 Acres

      Prime Collegeville Office Land

      6.51 Acres, Excellent Location
      9 Iron Bridge Dr, Collegeville, PA 19426
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    • Contact for pricing
      0.46 Acres

      Collegeville Office Suites - Immediate Lease

      Prime Office Space, Abundant Parking, Excellent Location
      555 Sui, Collegeville, PA 19426
      View Details

    Similar Nearby for Lease

    • $775 /Mo
      174,240 SF

      Collegeville Commercial Office For Lease

      Former psychology building available for lease in Collegeville, PA.
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      View Details
    • Contact for pricing

      Freestanding Office Building For Lease

      Freestanding office building with lower level storage available for lease.
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      View Details
    • Contact for pricing

      Retail/Office Space Available

      Corner property with retail or office space for lease.
      50 2Nd Ave, Collegeville, PA 19426
      View Details
    • $3,000 /Mo
      174,240 SF

      Collegeville Flex Space with Loading

      Office/storage space with loading dock, available 7/1/26.
      3770 Ridge Pike, Collegeville, PA 19426
      View Details
    • Contact for pricing
      2,814 SF

      Commercial Building Lower Level Suite

      Lower level suite available for lease in commercial building.
      350 W Main St, Trappe, PA 19426
      View Details
    • Contact for pricing

      Gated Storage with Shop/Office

      4.5-acre gated storage with 1600 SF shop/office near 422.
      3938 Ridge Pike, Collegeville, PA 19426
      View Details
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    Trappe, PA 19426-2068
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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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