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    118 Dickerson Rd North Wales, PA 19454
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    Property profile & analytics

    118 Dickerson Rd, North Wales, PA 19454

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    • Office buildings
    • 8,000 SF
    • 2.07 lot acres
    For Lease
    $2,200/Mo
    View Listing →
    North Wales Office Space Available For Lease
    $2,200/Mo
    1,650 SF

    North Wales Office Space Available

    Well-configured office space in a desirable North Wales location.

    118 DICKERSON Road, North Wales, PA 19454
    View Listing
    Property ID
    US73-0040859
    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
    $1,035,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Modern Strategic Branding+ Communications / Advertising Agency / Marketing & Advertising
    • Kathleen Mullen / Dental Office
    • Dr. Mathew Cherian / Dental Office
    • Dr. Jean Bichara / Dental Office
    • Dr. Sherlin Philipose / Dental Office

    Property Details for 118 Dickerson Rd

    Year built
    1993
    Lot size
    2.07 lot acres
    Zone code
    C
    Property type
    Office buildings
    APN
    56-00-01861-00-9
    APU
    560001861009

    Description

    This single-tenant office building, located at 118 Dickerson Rd in North Wales, Pennsylvania, presents a fantastic opportunity. Built in 1991, this 8,000 square foot, single-story building offers a traditional office layout ideal for a variety of businesses. The property features ample parking with 42 spaces available. The building is situated in a convenient location within an office park between Sumneytown Pike and Wissahickon Avenue, providing easy access to a vibrant business community with numerous dining, shopping, and recreational options nearby. The available space comprises 1,800 square feet and includes a private entrance, two private offices, a bullpen area with eight cubicles, a kitchenette, and a private restroom. This property is in Montgomery County, PA, zip code 19454. The building's single-story design and convenient location make it an attractive option for businesses seeking efficient and accessible office space in a thriving area. The property is currently vacant and ready for immediate occupancy. This is a rare opportunity to secure a well-located, functional office space in a desirable Pennsylvania location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,085,000
      ML approach
      $1,085,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $998,000
      Market price range: $756k - $2.02M
      AI Estimate
      $1,054,000
      Market price range: $514k - $2.08M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,310,000
      Current use
      MEDICAL BUILDING
      $1,260,000
      Change: -4% Conversion: Easy
      RESTAURANT
      $1,125,000
      Change: -14% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,110,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    North Wales
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2887
    Latitude
    40.2162
    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
    $20,762
    $88,880
    $477,020
    $565,900
    -
    $88,880
    $477,020
    $565,900

    Comparable in this City

    • Value Estimation
      $2,350,000
      28,414 SF

      1364 Welsh Rd

      OFFICE BUILDING
      1364 Welsh Rd, North Wales, PA 19454-1913
      View Details
    • Value Estimation by Request
      5,226 SF

      134 Main St

      PROFESSIONAL BUILDING
      134 Main St, North Wales, PA 19454-3115
      View Details
    • Value Estimation by Request
      1,310,633 SF

      351 Sumneytown Pike

      OFFICE BUILDING
      351 Sumneytown Pike, North Wales, PA 19454-2505
      View Details
    • Value Estimation
      $775,000
      12,145 SF

      210 3rd St

      OFFICE BUILDING (MULTI-STORY)
      210 3rd St, North Wales, PA 19454-2940
      View Details
    • Value Estimation
      $735,000
      4,900 SF

      650 Uppr State Rd

      OFFICE BUILDING
      650 Uppr State Rd, North Wales, PA 19454
      View Details
    • Value Estimation
      $1,795,000
      13,950 SF

      404 Sumneytown Pike

      OFFICE BUILDING (MULTI-STORY)
      404 Sumneytown Pike, North Wales, PA 19454-2537
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,348 SF

      LEED Certified Office Building

      Modern office building with prominent signage and ample parking.
      736 Lower State Rd, North Wales, PA 19454
      View Details
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      28,414 SF

      Welsh Road Commercial Property For Sale

      Commercial property for sale located on busy Welsh Road.
      1364 Welsh Rd, North Wales, PA 19454
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      7,700 SF Warehouse on Acres

      7,700 SF warehouse on 2.54 acres available for sale.
      1054 Horsham Rd, North Wales, PA 19454
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    • Contact for pricing
      5,000 SF

      Prime Corner Pad Site Available

      Highly visible corner pad site in affluent North Wales.
      951 N Wales Rd, North Wales, PA 19454
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,200 SF

      Class A Headquarters Building

      Three-story office building with amenity center and furnished offices.
      2100 Pennbrook Pkwy, North Wales, PA 19454
      View Details
    • Contact for pricing

      Premier Office Park Location

      Premier office park with excellent amenities and superior transportation access.
      1140 Welsh Rd, North Wales, PA 19454
      View Details
    • Contact for pricing
      6,583 SF

      Premier Office Park on Welsh Road

      Corporate office space with excellent amenities and superior access.
      1120 Welsh Rd, Montgomery Township, PA 19454
      View Details
    • Contact for pricing

      Retail or Office Space Available

      Retail or office space near North Wales SEPTA station.
      B-101 S Main St, North Wales, PA 19454
      View Details
    • $2,200 /Mo
      90,169 SF

      North Wales Office Space Available

      Well-configured office space in a desirable North Wales location.
      118 Dickerson Rd, North Wales, PA 19454
      View Details
    • Contact for pricing

      Premier Office Park on Welsh Road

      Premier office park with excellent amenities and superior transportation access.
      1120 Welsh Rd, North Wales, PA 19454
      View Details
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    North Wales, PA 19454
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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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