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    119 Easton Rd Glenside, PA 19038-4525
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    119 Easton Rd Glenside, PA 19038-4525

    View on Map
    • Investment properties
    • 8,395 SF
    • 0.26 lot acres
    Off-Market
    Property ID
    US73-0091421
    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
    $825,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Law Offices of Georgette Miller and Associates, PC / Law Firm / Financial Advisor
    • Premier Insurance Advisors, LLC / Insurance Agency
    • Premier Financial Group Inc / Financial Advisor
    • Keep It Cute Wax Studio / Spa & Massage Center / Skin Care Clinic

    Property Details for 119 Easton Rd

    Year built
    1950
    Lot size
    0.26 lot acres
    Property size
    8,395 SF
    Zone code
    C3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    31-00-08632-00-4
    APU
    310008632004

    Description

    This exceptional commercial property, the Premier Financial Building, presents a rare opportunity to lease office space in the thriving Glenside, Pennsylvania business district. Located at 119 S Easton Rd, 19038, this Class B building offers a total of 8,300 square feet, divided into two suites. The building boasts excellent visibility and ample parking, a significant advantage in this busy commercial area. Currently, 400 square feet of space is immediately available, divisible into units as small as 200 square feet, with a maximum contiguous space of 400 square feet. The building is suitable for a variety of office uses, including traditional office spaces and medical offices, making it an ideal location for diverse businesses. Constructed in 1975, the building sits on an 11,100 square foot lot. Its location in Montgomery County provides easy access to major transportation routes and a wealth of amenities. This multi-tenant building offers a professional and efficient workspace in a highly desirable location. Don't miss this chance to secure your ideal office space in the heart of Glenside. Inquire today to learn more about leasing options and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $852,000
      Market price range: $655k - $1.09M
      AI Estimate
      $705,000
      Market price range: $483k - $936k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $850,000
      Current use
      OFFICE BUILDING
      $1,375,000
      Change: +61% Conversion: Easy
      MEDICAL BUILDING
      $1,325,000
      Change: +55% Conversion: Easy
      RESTAURANT
      $1,180,000
      Change: +38% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,165,000
      Change: +37% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,095,000
      Change: +28% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Glenside
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.1537
    Latitude
    40.0998
    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
    $23,376
    $97,760
    $252,240
    $350,000
    -
    $97,760
    $252,240
    $350,000

    Comparable in this City

    • Value Estimation by Request
      4,584 SF

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      View Details
    • Value Estimation by Request
      3,295 SF

      231 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,295 SF
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      1,960 SF

      2 Limekiln Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 1,960 SF
      2 Limekiln Pike, Glenside, PA 19038-2910
      View Details
    • Value Estimation
      $795,000
      7,464 SF

      109 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 7,464 SF
      109 Easton Rd, Glenside, PA 19038-4508
      View Details
    • Value Estimation
      $515,000
      5,224 SF

      278 Keswick Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,224 SF
      278 Keswick Ave, Glenside, PA 19038-4822
      View Details
    • Value Estimation by Request
      960 SF

      2818 Limekiln Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 960 SF
      2818 Limekiln Pike, Glenside, PA 19038-2205
      View Details

    Similar Nearby for Sale

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      Retail Condominium Strip Center

      9,050 SF retail condominium strip center, 100% occupied.
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      Mixed-Use Property in Erdenheim

      Mixed-use property with warehouse and apartments in desirable location.
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      Retail Space For Sale

      Retail space available, approximately 1,867 square feet.
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      Flourtown Medical Office Building for Sale

      Leased to University of Pennsylvania Health System with annual increases.
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    • $36,000
      0.09 Acres

      Land in Glenside, PA

      Land available in Glenside, Pennsylvania.
      445 Tyson Ave, Glenside, PA 19038
      View Details
    • Contact for pricing
      0.89 Acres

      GLENSIDE Office Space For Sale

      3,262 sq ft office space ideal for professional services.
      361 Highland Ave, Glenside, PA 19038
      View Details

    Similar Nearby for Lease

    • $225 SF/Yr

      Keswick Village Garage Space Available

      Secure garage space for rent in the heart of Keswick.
      272 N Keswick Ave, Glenside, PA 19038
      View Details
    • $2,200 /Mo

      Retail Space on Easton Road

      Retail space available for rent on North Easton Road.
      852 N Easton Rd, Glenside, PA 19038
      View Details
    • Contact for pricing
      850 SF

      Retail Space on Mount Carmel

      Retail property with high visibility and ample parking.
      540 W Mount Carmel Ave, Glenside, PA 19038
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    • Contact for pricing
      21,383 SF

      Industrial Space Available For Lease

      21,383 square feet of industrial space for lease.
      1300 E Mermaid Ln, Glenside, PA 19038
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    • $3,100 /Mo

      Commercial Space for Rent

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      13,403 SF

      Historic Glenside Commercial Space Available

      Unique commercial space with high visibility on Bethlehem Pike.
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    119 Easton Rd
    Glenside, PA 19038-4525
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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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