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Property profile & analytics
FOR LEASE
Office Spaces
160 W Germantown Pike Norristown, PA 19401
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-5993460
For Lease
1 / 2
$26 SF/Yr
160 W Germantown Pike, Norristown, PA 19401
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1995
Total area
14,100 SF
Lot
0.32 ac (14,100 SF)
Zoning code
BP
APN
33-00-03020-05-2
UPID
US73-5993460
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pediatric Medical Associates Pediatrician Medical Clinic
-
Dr. Steven A. Shapiro, DO Physician
-
Dr. Jeffrey M. Fogel, MD Pediatrician Medical Clinic
-
Raluca Papadopol Pediatrician Medical Clinic
-
Ester J Casillo County Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$2.17M
Owner & transaction history
Norriton Holdings LLC · 7 yrs held
Norriton Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
BP · Norristown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norristown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,455,000
Current use
MEDICAL BUILDING
$2,220,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,035,000
Change: -17% · Conversion: Easy
RESTAURANT
$1,980,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$154 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$50,687
Tax year 2023
Assessed value
$1,075,940
Assessed 2024
Previous assessed
$1,075,940
+0.0% YoY
Effective rate
4.71%
On assessed value
Total market value
$1,075,940
Applied tax rate
33.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
Year built
1995
Heating
HEAT PUMP
Cooling
CENTRAL
Total area
14,100 SF
Lot
0.32 ac (14,100 SF)
Zoning code
BP
APN
33-00-03020-05-2
UPID
US73-5993460
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
BP · Norristown, PA
Zoning BP · permitted uses
BP · Norristown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norristown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
RESTAURANT
Est. value
$2.0M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Heating
HEAT PUMP
Cooling
Yes
Lot
0.32 ac
Current owner
From public records · entity-resolved
Norriton Holdings LLC
Entity
Mailing address
1541 E 29TH ST, BROOKLYN, NY 11229-1846
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2018
$12,850,000
Norriton Holdings LLC
Franklin Norriton Assocs LP
Trustees Deed
related
$8,700,000 · Argentic R/e Fin LLC
Mar 5, 2018
—
Franklin Norriton Associates L
—
Grant Deed
related
$10,500,000 · Wilmington Svg Fund Societyfsb
May 24, 2013
—
Franklin Norriton Assocs LP
—
Deed Of Trust
related
$4,500,000 · Bancorp Bank
Feb 28, 2013
—
Franklin Norriton Assocs LP
—
Deed Of Trust
related
$9,750,000 · Beneficial Mutual Savings
Jun 18, 2010
—
Franklin Norriton Assocs LP
—
Deed Of Trust
related
$4,500,000 · Bancorp Bank
Apr 27, 2009
—
Franklin Norriton Assocs
—
Deed Of Trust
related
$9,750,000 · Beneficial Mutual Savings
Feb 2, 2007
$7,785,000
Franklin Norriton Assocs
Brandywine Norriton
Grant Deed
—
May 7, 1998
$7,742,000
Brandywine Norriton LP
Norriton Office Associates
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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