1437 Dekalb St Norristown, PA 19401
Property profile & analytics
1437 Dekalb St Norristown, PA 19401
- Medical Office Space
- 24,498 SF
- 1.62 lot acres
Property ID
US73-5615234
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.
Location Intelligence
Current Use by Public Records
- Laura A. Taylor, MD / Pediatrician / Physician
- Pascavage Jennifer / Employment Agency
- Children's Hospital Of Philadelphia Care Network Norristown / Hospital / Children's Hospital
- Sarah Mattea Taub / Pediatrician / Medical Clinic
- Dr. Sarah Taub / Physician
Property Details for 1437 Dekalb St
- Year built
- 1991
- Lot size
- 1.62 lot acres
- Property size
- 24,498 SF
- Zone code
- OCR
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 13-00-10236-40-7
- APU
- 130010236407
Description
This fee-simple multi-tenant medical office building, totaling 17,973 square feet, presents a compelling investment opportunity. Anchored by Children's Hospital of Philadelphia (CHOP), an investment-grade tenant (Moody's Aa2), and Jefferson Health (Moody's A2), the property boasts a strong tenant profile. CHOP occupies the space under a 10-year NNN lease (commencing April 1, 2020, expiring March 31, 2030), with rent bumps included. The building underwent a significant expansion and renovation in 2019. Norristown Family Physicians, a Jefferson Health entity, also occupies space within the building, demonstrating long-term commitment to the location. The property features a 7.00% cap rate and a Net Operating Income (NOI) of $270,984. The asking price is $3,871,000 ($215.38/SF). Located on DeKalb Street (Route 202) in Norristown, Pennsylvania (Montgomery County, zip code 19401), this 1.5-acre property benefits from high visibility and proximity to other major medical facilities. The seller will provide a 5-year master lease for the remaining vacancy, ensuring 100% economic occupancy upon acquisition. Lease options include one (1) and five (5) year options. The building was constructed in 1991. The property's location within affluent Montgomery County, with a high percentage of insured residents and a strong concentration of families, further enhances its investment appeal. The area boasts a high average household income of $137,000 within a five-mile radius.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,967,000
- AI Estimate
- $1,361,000
Market price range: $1.76M - $4.90MMarket price range: $896k - $3.07M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $3,535,000
- RESTAURANT
- $3,440,000
- NEIGHBORHOOD: SHOPPING CENTER
- $3,195,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Norristown
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.3332
- Latitude
- 40.1241
- 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
$87,138
$0.00
$0.00
$1,419,590
-
$0.00
$0.00
$1,419,590
