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

    1621 Old York Rd Abington, PA 19001-1836

    • Investment properties
    • 14,022 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimations
    $1,185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0287653
    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

    • Larmon Photo / (Bike/Boat/Book/etc) Store
    • Larmon Studios / Photography Service / (Bike/Boat/Book/etc) Store
    • Abington Smoke Shop / (Bike/Boat/Book/etc) Store
    • Amazon Hub Counter - Larmon Photo / Courier Service / Postal Service
    • Beacon Realty Group / Real Estate Agency

    Property Details for 1621 Old York Rd

    Year built
    1956
    Lot size
    0.37 lot acres
    Property size
    14,022 SF
    Zone code
    F1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    30-00-49948-00-8
    APU
    300049948008

    Description

    This 1,000-square-foot commercial space, located at 1621 Old York Road, Suite 300, Abington, Pennsylvania 19001, is ideal for a variety of uses, including traditional office space or medical office. Situated in Montgomery County, this single-tenant property offers excellent visibility on Old York Road. The modified gross rent is $16.20 per square foot, totaling $1,350 per month plus utilities. The property boasts convenient onsite parking with easy access from both directions of Old York Road via a dedicated turn lane. Public transportation is readily available, with a Route 55 bus stop directly in front of the building and the Crestmont regional rail station within walking distance. This location benefits from high traffic volume and is complemented by existing tenants, including Lamar photo and Abington Smoke Shop. The space is suitable for a boutique, retail store, showroom, or office, offering a prime opportunity for businesses seeking a high-visibility location with convenient amenities and accessibility. This property is categorized as retail and office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,171,000
      Market price range: $1.17M - $2.09M
      AI Estimate
      $976,000
      Market price range: $976k - $1.70M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,575,000
      Current use
      RESTAURANT
      $1,970,000
      Change: +25% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,950,000
      Change: +24% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,830,000
      Change: +16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Abington
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.1162
    Latitude
    40.13
    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
    $14,819
    $172,480
    $147,520
    $320,000
    -
    $172,480
    $147,520
    $320,000

    Comparable in this City

    • Value Estimation
      $665,000
      6,002 SF

      1125 Old York Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 6,002 SF
      1125 Old York Rd, Abington, PA 19001-3837
      View Details
    • Value Estimation by Request
      2,017 SF

      1117 Old York Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,017 SF
      1117 Old York Rd, Abington, PA 19001-3813
      View Details
    • Value Estimation by Request
      3,772 SF

      1713 Old York Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,772 SF
      1713 Old York Rd, Abington, PA 19001-1811
      View Details
    • Value Estimation by Request
      2,700 SF

      1134 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,700 SF
      1134 Easton Rd, Abington, PA 19001-4220
      View Details
    • Value Estimation by Request
      3,166 SF

      1356 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,166 SF
      1356 Easton Rd, Abington, PA 19001-1645
      View Details
    • Value Estimation
      $540,000
      5,796 SF

      1144 Bradfield Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,796 SF
      1144 Bradfield Rd, Abington, PA 19001-4218
      View Details

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

    • $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
    • $269,000
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      Commercial Mixed-Use Opportunity in Abington

      High-traffic location with storefront, upgrades, and on-site living.
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      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
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    • $1,300 /Mo
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      Abington Office with High Visibility

      Professional office space with renovations and high traffic exposure.
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      Retail Space in Abington Township

      Retail space available in Abington Towne Center.
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    • Contact for pricing
      2,014 SF

      Abington Retail Space for Lease

      Prime Abington retail space, single tenant.
      1626 Old York Rd, Abington, PA 19001
      View Details
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    1621 Old York Rd
    Abington, PA 19001-1836
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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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