Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1521 Main St West Norriton, PA 19403-3266

    • Apartment buildings
    • 54,102 SF
    • 3.60 lot acres
    OFF-MARKET
    Value Estimations
    $5,775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2494910
    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

    • Westgate Arms Apartments / Apartment Rental Agency / Apartment Building
    • Tulip Media / Media Company

    Property Details for 1521 Main St

    Year built
    1962
    Lot size
    3.60 lot acres
    Property size
    54,102 SF
    Zone code
    A
    Property type
    Apartment buildings
    APN
    63-00-06742-00-8
    APU
    630006742008

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,752,000
      Market price range: $3.63M - $10.1M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $7,805,000
      Current use
      OFFICE BUILDING
      $9,420,000
      Change: +21% Conversion: Moderate
      MEDICAL BUILDING
      $8,530,000
      Change: +9% Conversion: Moderate
      RESTAURANT
      $7,595,000
      Change: -3% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $7,050,000
      Change: -10% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $6,500,000
      Change: -17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    West Norriton
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.365
    Latitude
    40.1257
    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
    $85,875
    $380,630
    $1,377,050
    $1,757,680
    -
    $380,630
    $1,377,050
    $1,757,680

    Comparable in this City

    • Value Estimation
      $730,000
      5,544 SF

      1971 Main St

      APARTMENT HOUSE (5+ UNITS) • 5,544 SF
      1971 Main St, West Norriton, PA 19403-3150
      View Details
    • Value Estimation
      $30,425,000
      252,272 SF

      2070 Ml Rd

      GARDEN APT, COURT APT (5+ UNITS) • 252,272 SF
      2070 Ml Rd, West Norriton, PA 19403-3412
      View Details
    • Value Estimation
      $38,115,000
      305,760 SF

      313 Conestoga Way

      GARDEN APT, COURT APT (5+ UNITS) • 305,760 SF
      313 Conestoga Way, Eagleville, PA 19403-5040
      View Details
    • Value Estimation
      $4,815,000
      35,020 SF

      2042 Main St

      GARDEN APT, COURT APT (5+ UNITS) • 35,020 SF
      2042 Main St, West Norriton, PA 19403-3063
      View Details
    • Value Estimation by Request
      503,942 SF

      1400 Trooper Rd

      GARDEN APT, COURT APT (5+ UNITS) • 503,942 SF
      1400 Trooper Rd, West Norriton, PA 19403-5295
      View Details
    • Value Estimation by Request
      502,080 SF

      1400 Trooper Rd

      GARDEN APT, COURT APT (5+ UNITS) • 502,080 SF
      1400 Trooper Rd, West Norriton, PA 19403-5295
      View Details

    Similar Nearby for Sale

    • $424,900

      Charming Townhome in Valley Forge

      Comfortable townhome with a versatile loft and private outdoor space.
      404 Truman Rd, Eagleville, PA 19403
      View Details
    • $40,000

      Residential Lot in Established Neighborhood

      5,625 SF lot for new home construction.
      12 Wilson Rd, Eagleville, PA 19403
      View Details
    • Contact for pricing
      14.00 Acres

      Eagleville Industrial Property

      147,000 SF Warehouse, Vacant, 14 Acres
      950 Rittenhouse Rd, Eagleville, PA 19403
      View Details
    • $650,000
      3,360 SF

      2642 Audubon Rd

      Medical offices • 3,360 SF
      2642 Audubon Rd, Eagleville, PA 19403
      View Details
    • Contact for pricing

      Commercial Land Near King of Prussia

      Commercial land in an affluent area with high traffic.
      2619 Ridge Pike, Trooper, PA 19403
      View Details
    • $1,795,000
      15,837 SF

      Three-Story Office Building For Sale

      Well-maintained 15,837 SF office building on 1.27 acres.
      342 West Germantown Pike, East Norriton, PA 19403
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      63,045 SF

      Ridge Pike Plaza Retail Space

      Eagleville, PA Retail Center - Lease Opportunity
      3200 Ridge Pike, Eagleville, PA 19403
      View Details
    • $1,488 /Mo
      24,272 SF

      Trooper Road Office Space Available

      Prime East Norriton Office Suites, 600-1116 sq ft
      536 Trooper Rd, East Norriton, PA 19403
      View Details
    • Contact for pricing
      136,919 SF

      Valley Forge Single Tenant Opportunity

      Single tenant office building available for rent in Valley Forge.
      1001 Adams Ave, Norristown, PA 19403
      View Details
    • $14 SF/Yr
      800 SF

      Renovated Office Space Available

      5,000 sq ft renovated office space for rent.
      9 Lawn Ave, 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
      6,669 SF

      Norristown Industrial Building For Rent

      Single-story industrial building suitable for warehouse, manufacturing, or office use.
      2495 Boulevard Of The Generals, Norristown, PA 19403
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1521 Main St
    West Norriton, PA 19403-3266
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.