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    Property profile & analytics

    1435 W Main St Norristown, PA 19403

    • Retail properties
    • 8,919 SF
    • 0.39 lot acres
    For Sale
    View listing
    $1,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1579344
    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

    • Retail properties

    Property Details for 1435 W Main St

    Year built
    1900
    Lot size
    0.39 lot acres
    Property size
    8,919 SF
    Zone code
    C
    Property type
    Retail properties
    APN
    63-00-06718-00-5
    APU
    630006718005

    Description

    This exceptional 8,919-square-foot warehouse, situated on a 0.39-acre lot in Norristown, Pennsylvania, presents a significant opportunity for businesses seeking industrial space. Located at 1435 W Main Street, the property boasts a single-tenant occupancy, offering complete control and flexibility. The warehouse features impressive ceiling heights ranging from 11 feet to 16 feet 7 inches, providing ample vertical space for storage and operations. Five convenient drive-in doors ensure efficient loading and unloading, streamlining logistics and maximizing productivity. The property is zoned for commercial use within West Norriton Township, Montgomery County, and is conveniently located with easy access to major transportation routes (specific details not provided). The entire 8,919 square feet is currently vacant, allowing for immediate occupancy and customization to meet specific business needs. This property is ideal for a variety of industrial uses, offering a combination of size, functionality, and location that is rarely found. The address is 1435 W Main St, Norristown, PA 19403. This is a rare opportunity to secure a substantial warehouse in a desirable location. The property's size, features, and zoning make it an attractive investment for businesses seeking to establish or expand their operations in the Norristown area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $893,000
      Market price range: $714k - $1.76M
      AI Estimate
      $648,000
      Market price range: $463k - $1.18M

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $1,155,000
      Current use
      RESTAURANT
      $1,250,000
      Change: +8% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,165,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    West Norriton
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.3636
    Latitude
    40.1245
    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
    $12,747
    $0.00
    $0.00
    $260,900
    -
    $0.00
    $0.00
    $260,900

    Comparable in this City

    • Value Estimation
      $990,000
      17,523 SF

      400 Park Ave

      NURSERY, GREENHOUSE, FLORIST • 17,523 SF
      400 Park Ave, Norristown, PA 19403-1345
      View Details
    • Value Estimation
      $710,000
      1,980 SF

      2331 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,980 SF
      2331 Main St, West Norriton, PA 19403-3018
      View Details
    • Value Estimation by Request
      2,337 SF

      2001 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,337 SF
      2001 Main St, West Norriton, PA 19403-3003
      View Details
    • Value Estimation
      $980,000
      8,002 SF

      1018 Germantown Pike

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 8,002 SF
      1018 Germantown Pike, East Norriton, PA 19403-3906
      View Details
    • Value Estimation
      $625,000
      8,345 SF

      77 Whitehall Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 8,345 SF
      77 Whitehall Rd, West Norriton, PA 19403-3215
      View Details
    • Value Estimation by Request
      3,480 SF

      25 School Ln

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,480 SF
      25 School Ln, West Norriton, PA 19403-3026
      View Details

    Similar Nearby for Sale

    • $500,000
      0.20 Acres

      Norristown Commercial Revitalization District Property

      Commercial property in Norristown's Revitalization District with high traffic.
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      Prime Corner Retail Development Opportunity

      Retail development opportunity in high-density market.
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    • $40,000

      Residential Lot in Established Neighborhood

      5,625 SF lot for new home construction.
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      Eagleville Industrial Property

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    • $650,000
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      2642 Audubon Rd

      Medical offices • 3,360 SF
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      Commercial Land Near King of Prussia

      Commercial land in an affluent area with high traffic.
      2619 Ridge Pike, Trooper, PA 19403
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    Similar Nearby for Lease

    • Contact for pricing
      3,200 SF

      Retail Building Near Medical Center

      Freestanding retail building with ample parking and great visibility.
      2905 Whitehall Rd, Norristown, PA 19403
      View Details
    • Contact for pricing
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      Ridge Pike Plaza Retail Space

      Eagleville, PA Retail Center - Lease Opportunity
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      View Details
    • Contact for pricing
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      Freestanding Retail Building on Eagle Road

      5,100 SF retail building with high visibility and parking.
      2609 Egypt Rd, Norristown, PA 19403
      View Details
    • $25 SF/Yr
      1,200 SF

      Renovated Retail Space on Main

      Newly renovated retail space with parking and pylon signage.
      2448 W Main St, Norristown, PA 19403
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space in Eagleville, PA

      Retail spaces available for lease or sale in Eagleville, PA.
      3200 Ridge Pike, Eagleville, PA 19403
      View Details
    • New
      $2,900 /Mo
      139,828 SF

      Modern Office Building For Lease

      Modern, two-story office building in excellent condition, suitable for various businesses.
      3238 W Germantown Pike, Norristown, PA 19403
      View Details
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    Norristown, PA 19403
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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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