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

    1514 Old York Rd Abington, PA 19001

    • Investment properties
    • 4,239 SF
    • 0.27 lot acres
    For Lease
    View listing
    $1,300 /Mo
    Last Sale
    Sep 22, 2023
    $615,000
    Value Estimations
    $615,000
    Cap Rate Potential
    7%
    Investment properties
    Location Intelligence
    Property ID
    US73-2228263
    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

    • Sanville & Company CPA / Accounting Firm

    Property Details for 1514 Old York Rd

    Year built
    1912
    Lot size
    0.27 lot acres
    Property size
    4,239 SF
    Zone code
    F2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    30-00-49464-00-6
    APU
    300049464006

    Description

    This 1,800 square foot medical office building is located on Old York Road in Abington Township, a high-traffic area averaging 30,000 vehicles per day. The single-tenant property sits on a 0.27-acre lot (part of a larger 11,757 acre parcel) and includes 10 parking spaces, with two overflow spots optionally available. Currently undergoing renovations to ensure full ADA accessibility, the building boasts a well-designed layout. The first floor features three private offices, a conference room, a workroom, a fully equipped kitchen, a modern bathroom, and dedicated secretarial space. High visibility is ensured by prominent pylon signage. Its location directly across from the Abington Shopping Center provides excellent access to a large customer base. The property is ideal for medical professionals seeking a well-appointed, easily accessible, and highly visible location in a thriving commercial area. The minimum divisible space is 1,800 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $630,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $730,000
      6.5%
      $675,000
      7%
      $625,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $610,000
      Market price range: $354k - $632k
      AI Estimate
      $506,000
      Market price range: $295k - $514k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $475,000
      Current use
      OFFICE BUILDING
      $695,000
      Change: +46% Conversion: Easy
      MEDICAL BUILDING
      $670,000
      Change: +40% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $555,000
      Change: +16% Conversion: Difficult
      WAREHOUSE, STORAGE
      $390,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Abington
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.1176
    Latitude
    40.1264
    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
    $12,989
    $0.00
    $0.00
    $280,500
    -
    $0.00
    $0.00
    $280,500

    Comparable in this City

    • Value Estimation
      $620,000
      8,070 SF

      1185 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 8,070 SF
      1185 Easton Rd, Abington, PA 19001-2439
      View Details
    • Value Estimation
      $550,000
      4,340 SF

      1414 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,340 SF
      1414 Easton Rd, Roslyn, PA 19001-1639
      View Details
    • Value Estimation by Request
      2,985 SF

      1733 Old York Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,985 SF
      1733 Old York Rd, Abington, PA 19001-1811
      View Details
    • Value Estimation by Request
      5,592 SF

      1053 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,592 SF
      1053 Easton Rd, Abington, PA 19001-4410
      View Details
    • Value Estimation by Request
      2,996 SF

      1403 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,996 SF
      1403 Easton Rd, Roslyn, PA 19001-2402
      View Details
    • Value Estimation by Request
      2,269 SF

      1193 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,269 SF
      1193 Easton Rd, Abington, PA 19001-2449
      View Details

    Similar Nearby for Sale

    • $350,000
      0.21 Acres

      Prime Abington Mixed-Use Property

      High-traffic location, versatile space, six parking spots.
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      Handcrafted mixed-use property with commercial space and residential charm.
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      17,908 SF

      Abington Office Building For Sale

      17,908 SF office building ideal for professional or medical use.
      1021-1031 Old York Rd, Abington, PA 19001
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    • $2,400,000
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      Abington Multi-Family Investment Opportunity

      High-yield Abington property, 99,999 sqft.
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    • $3,000,000
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      Abington Commercial Building on Route 611

      Three-story commercial building in Abington Township with high visibility.
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      Retail Space with Prime Visibility

      Retail space with easy access and visibility on Rt. 611.
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    Similar Nearby for Lease

    • New
      $269,000
      3,049 SF

      Commercial Mixed-Use Opportunity in Abington

      High-traffic location with storefront, upgrades, and on-site living.
      1715 Old York Rd, Abington, PA 19001
      View Details
    • New
      $499,900
      3,920 SF

      Mixed-Use Property on Old York

      Mixed-use property with high visibility and flexible commercial/residential potential.
      1737 Old York Rd, Abington, PA 19001
      View Details
    • Contact for pricing
      17,721 SF

      Abington Retail Space For Lease

      Prime Abington retail/office space available.
      1752 Old York Rd, Abington, PA 19001
      View Details
    • Contact for pricing
      3,220 SF

      Retail Space in Abington Township

      Retail space available in Abington Towne Center.
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    • $850 /Mo
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      Abington Office Space For Lease

      Ground-level office space ideal for studio or small business.
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      View Details
    • $1,300 /Mo
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      Abington Office with High Visibility

      Professional office space with renovations and high traffic exposure.
      1514 Old York Rd, Abington, PA 19001
      View Details
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    1514 Old York Rd
    Abington, PA 19001
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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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