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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    123 Main St North Wales, PA 19454-2835

    • Commercial real estate
    • 24,180 SF
    • 0.76 lot acres
    OFF-MARKET
    Value Estimations
    $2,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1359379
    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.

    Current Use by Public Records

    • DIVADOVA SALON / Hair Salon
    • Roots of Change Counseling / Counselor
    • Cheryl Dickerson - State Farm Insurance Agent / Insurance Agency
    • Ms. Sally Mcginty / Counselor
    • Papa John's Pizza / Restaurant

    Property Details for 123 Main St

    Year built
    1940
    Lot size
    0.76 lot acres
    Property size
    24,180 SF
    Zone code
    OR
    Property type
    Commercial real estate
    APN
    14-00-01312-00-6
    APU
    140001312006

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,332,000
      Market price range: $1.62M - $3.76M
      AI Estimate
      $1,352,000
      Market price range: $1.05M - $2.07M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,605,000
      Current use
      RESTAURANT
      $3,395,000
      Change: +30% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,360,000
      Change: +29% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $3,150,000
      Change: +21% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    North Wales
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.277
    Latitude
    40.2109
    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
    $33,587
    $205,500
    $617,420
    $822,920
    -
    $205,500
    $617,420
    $822,920

    Comparable in this City

    • Value Estimation by Request
      0.46 Acres

      Witchwood Dr

      COMMON AREA (COMMERCIAL) • 0.46 Acres
      Witchwood Dr, North Wales, PA 19454
      View Details
    • Value Estimation by Request
      81.10 Acres

      804 Bethlehem Pike

      COMMON AREA (COMMERCIAL) • 81.10 Acres
      804 Bethlehem Pike, North Wales, PA 19454-2302
      View Details
    • Value Estimation by Request
      2.15 Acres

      Dekalb Pike

      COMMON AREA (COMMERCIAL) • 2.15 Acres
      Dekalb Pike, North Wales, PA 19454
      View Details
    • Value Estimation by Request
      20.62 Acres

      1200 Welsh Rd

      COMMON AREA (COMMERCIAL) • 20.62 Acres
      1200 Welsh Rd, North Wales, PA 19454-3771
      View Details
    • Value Estimation by Request
      2,567 SF

      1218-1222 Welsh Rdc-e

      COMMON AREA (COMMERCIAL) • 2,567 SF
      1218-1222 Welsh Rdc-e, North Wales, PA 19454
      View Details
    • Value Estimation by Request
      22,999 SF

      311 Sumneytown Pike

      COMMON AREA (COMMERCIAL) • 22,999 SF
      311 Sumneytown Pike, North Wales, PA 19454-2533
      View Details

    Similar Nearby for Sale

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      Well-Maintained Townhome in Winner’s Circle

      Comfortable townhome with community pool, near parks, shopping, and transportation.
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      Retail spaces available in super-regional shopping center.
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      Modern office building with prominent signage and ample parking.
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      Three Building Office Complex

      28,414 sq ft office complex on 2.63 acres.
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      Outback Steakhouse NNN Investment Opportunity

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      5,000 SF

      Prime Corner Pad Site Available

      Highly visible corner pad site in affluent North Wales.
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    Similar Nearby for Lease

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      2,200 SF

      North Wales Restaurant Space For Lease

      Prime Restaurant Location, 2200 sq ft
      1200 Welsh Rd, North Wales, PA 19454
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      37,615 SF

      Gwynedd Corporate Center Office Space

      Prime North Wales Office Park, 2 Suites Available
      1120 Welsh Rd, North Wales, PA 19454
      View Details
    • Contact for pricing
      1,200 SF

      Prime North Wales Pad Site

      1200 SF Retail Pad, Ground Lease/BTS
      931 Wales Rd, North Wales, PA 19454
      View Details
    • $17 SF/Yr
      1,270 SF

      Spring House Office Suites Available

      Turn-key office suites in Spring House, Montgomery County.
      714 N Bethlehem Pike, Spring House, PA 19454
      View Details
    • Contact for pricing
      89,851 SF

      Regional Shopping Center Space

      Regional shopping center space available for lease.
      804 Bethlehem Pike, North Wales, PA 19454
      View Details
    • Contact for pricing
      1,800 SF

      North Wales Office Space Available

      Prime location, 8,000 sq ft office building
      118 Dickerson Rd, North Wales, PA 19454
      View Details

    Property Visit Statistics

    • Visits by month
      3.1k
    • Visitors by month
      2.1k
    • Avg Time on site
      34 min
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    123 Main St
    North Wales, PA 19454-2835
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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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