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    117 Monroe St Media, PA 19063-3037
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    117 Monroe St Media, PA 19063-3037

    View on Map
    • Office buildings
    • 3,929 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Aug 20, 2024
    Property ID
    US73-1033679
    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
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Authentic Services / Plumbing Service / General Contractor
    • Susan Cherner Law / Law Firm
    • Property Merchants, LLC / Real Estate Agency
    • Liberty Group Funding / Loan Service / Bank
    • Pete Todd-Burke, Property Merchants, LLC / Real Estate Agency

    Property Details for 117 Monroe St

    Year built
    1970
    Lot size
    0.17 lot acres
    Property size
    3,929 SF
    Property type
    Office buildings
    APN
    26-00-00879-01
    APU
    26000087901

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $612,000
      Market price range: $363k - $612k
      AI Estimate
      $462,000
      Market price range: $173k - $462k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $495,000
      Current use
      COMMERCIAL (GENERAL)
      $675,000
      Change: +37% Conversion: Easy
      AUTO REPAIR, GARAGE
      $465,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Media
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.3869
    Latitude
    39.9192
    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
    2024
    $14,664
    $117,920
    $603,630
    $721,550
    -
    $0.00
    $0.00
    $721,550

    Comparable in this City

    • Value Estimation by Request
      3.15 Acres

      1330 Baltimore Pike

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    • Value Estimation
      $6,405,000
      57,360 SF

      600 Jackson St

      OFFICE BUILDING • 57,360 SF
      600 Jackson St, Media, PA 19063-2561
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      33,860 SF

      Olive St

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    • Value Estimation by Request
      360 SF

      904 Providence Rd

      OFFICE BUILDING • 360 SF
      904 Providence Rd, Media, PA 19063-2134
      View Details
    • Value Estimation
      $1,590,000
      11,148 SF

      334 Frnt St

      OFFICE BUILDING • 11,148 SF
      334 Frnt St, Media, PA 19063-2632
      View Details
    • Value Estimation by Request
      2,942 SF

      200 Ss Ave

      PROFESSIONAL BUILDING • 2,942 SF
      200 Ss Ave, Media, PA 19063
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,400 SF

      Office Building with Parking

      Three-story office building with parking, conversion potential.
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      Office Building in Media, PA

      Three-story office building with conversion potential and parking.
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      6,225 SF

      Media Office Building For Sale

      6,225 SF office building in Media, PA available for purchase.
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      Versatile Commercial Property in Media

      Mixed-use property with office space, apartment, and parking.
      349 W State St, Media, PA 19063
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    • $925,000
      4,200 SF

      Leased Office Buildings Near Courthouse

      Two fully leased office buildings near downtown Media, Pennsylvania.
      9 W Front St, Media, PA 19063
      View Details
    • $550,000

      MEDIA, PA Office Building

      Three-story office building with conversion potential in Media, PA.
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    Similar Nearby for Lease

    • $18 SF/Yr

      Multi-Tenant Office Building For Lease

      Multi-tenant office building available for lease.
      209 Hunter St, Media, PA 19063
      View Details
    • $18 SF/Yr

      Multi-Tenant Office Building For Lease

      Office building with 8,000 square feet available for lease.
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    • Contact for pricing
      895 SF

      Media Office Space Available

      Office space available for lease in Media, Pennsylvania.
      280 N Providence Rd, Media, PA 19063
      View Details
    • Contact for pricing
      150 SF

      Downtown Media Office Space

      Office space in downtown Media, close to major routes.
      200 N Monroe St, Media, PA 19063
      View Details
    • $24 SF/Yr

      Chesley Office Complex Space Available

      Office space available in Media, PA, with ample parking.
      103 Chesley Dr, Media, PA 19063
      View Details
    • $8,500 /Mo

      Commercial Property with Private Parking

      Versatile commercial space in Media Borough with 15 parking spots.
      349 W State St, Media, PA 19063
      View Details
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    117 Monroe St
    Media, PA 19063-3037
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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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