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    123 Old York Rd Jenkintown, PA 19046
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    Property profile & analytics

    123 Old York Rd, Jenkintown, PA 19046

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    • Banks
    • 8,172 SF
    • 0.62 lot acres
    For Lease
    $1,350/Mo
    View Listing →
    Jenkintown Office Suite For Lease For Lease
    $1,350/Mo
    800 SF

    Jenkintown Office Suite For Lease

    Well-located Jenkintown office suite, ideal for professionals.

    123 OLD YORK Road, Jenkintown, PA 19046
    View Listing
    Property ID
    US73-1394106
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Banks

    Property Details for 123 Old York Rd

    Year built
    1965
    Lot size
    0.62 lot acres
    Zone code
    AO
    Property type
    Banks
    APN
    30-00-49648-00-2
    APU
    300049648002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jenkintown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.1272
    Latitude
    40.0877
    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
    $26,434
    $197,380
    $373,430
    $570,810
    -
    $197,380
    $373,430
    $570,810

    Comparable in this City

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    • Value Estimation
      $1,080,000
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      808 Old York Rd

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      1,763 SF

      600 York Rd

      FINANCIAL BUILDING
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    • Value Estimation
      $505,000
      3,649 SF

      710 Old York Rd

      FINANCIAL BUILDING
      710 Old York Rd, Jenkintown, PA 19046-2833
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    • Value Estimation
      $930,000
      4,566 SF

      816 Old York Rd

      CONVENIENCE STORE
      816 Old York Rd, Jenkintown, PA 19046-1557
      View Details
    • Value Estimation
      $560,000
      3,600 SF

      812 Ww Ave

      RETAIL STORES (PERSONAL SERVICES)
      812 Ww Ave, Jenkintown, PA 19046-2831
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space on Old York Road

      Retail space with high visibility and accessibility near major routes.
      455 Old York Rd, Jenkintown, PA 19046
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    • $750,000
      0.04 Acres

      Jenkintown Mixed-Use Building For Sale

      Well-maintained office/retail/apartment building in the heart of Jenkintown Borough.
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      Jenkintown Multi-Family Investment

      Seven-unit building, fully rented, prime location.
      114 York Rd, Jenkintown, PA 19046
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    • $1,500,000
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      Jenkintown Commercial Property - 1.3 Acres

      Versatile Commercial Property, 5000+ sq ft
      616 Meetinghouse Rd, Jenkintown, PA 19046
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      1.18 Acres

      Prime Jenkintown Office Space

      Four Offices, 1.18 Acres, Parking Included
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      Jenkintown Borough 7-Unit Apartment Building

      Turnkey, fully rented 7-unit property in Jenkintown Borough.
      114 York Rd, Jenkintown, PA 19046
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    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Former Bank Location on Route 611

      Former bank location with on-site parking and excellent signage.
      509-515 Old York Rd, Jenkintown, PA 19046
      View Details
    • Contact for pricing
      814 SF

      Retail Space in Jenkintown Center

      Retail space available in a Whole Foods anchored shopping center.
      1637-1661 The Fairway, Jenkintown, PA 19046
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    • Contact for pricing
      3,500 SF

      Retail Space Near High-Traffic Corner

      Retail spaces available for lease near Whole Foods and Trader Joe’s.
      901-911 Old York Rd, Jenkintown, PA 19046
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 7,139 square feet.
      180 Old York Rd, Jenkintown, PA 19046
      View Details
    • $12,500 /Mo
      15,002 SF

      Versatile Commercial Building in Jenkintown

      Adaptable commercial space suitable for retail, office, or redevelopment.
      608 Huntingdon Pike, Jenkintown, PA 19046
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    • $2,950 /Mo
      1,394 SF

      Prime Jenkintown Commercial Space

      1200 sq ft commercial space in a bustling location.
      423 York Rd, Jenkintown, PA 19046
      View Details
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    Jenkintown, PA 19046
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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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    123 Old York Rd, Jenkintown, PA, 19046
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