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

    1628 Butler Pike Conshohocken, PA 19428-1227

    • Office buildings
    • 2,358 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    Jan 11, 2021
    $553,182
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    5.5%
    Office buildings
    Location Intelligence
    Property ID
    US73-1911201
    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

    • NovaCare Rehabilitation - Conshohocken / Medical Clinic
    • Marielle Tetreau, DPT / Medical Clinic
    • Kendra Kozyra / Physician
    • Kelsey Eldredge / Physician
    • Scott Burns / Physician

    Property Details for 1628 Butler Pike

    Year built
    1965
    Lot size
    0.46 lot acres
    Property size
    2,358 SF
    Zone code
    SC
    Property type
    Office buildings
    APN
    49-00-01468-00-4
    APU
    490001468004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $715,000
      ML approach
      $645,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $660,000
      6.5%
      $610,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $594,000
      Market price range: $223k - $594k
      AI Estimate
      $478,000
      Market price range: $71.8k - $479k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $385,000
      Current use
      AUTO REPAIR, GARAGE
      $695,000
      Change: +81% Conversion: Difficult
      RETAIL STORES
      $635,000
      Change: +65% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $375,000
      Change: -2% Conversion: Easy
      MEDICAL BUILDING
      $370,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Conshohocken
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2929
    Latitude
    40.0881
    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
    $8,522
    $171,000
    $88,710
    $259,710
    -
    $171,000
    $88,710
    $259,710

    Comparable in this City

    • Value Estimation
      $21,085,000
      183,636 SF

      1 Fayette St

      OFFICE BUILDING • 183,636 SF
      1 Fayette St, Conshohocken, PA 19428-2064
      View Details
    • Value Estimation
      $645,000
      8,344 SF

      16 Balligomingo Rd

      OFFICE BUILDING (MULTI-STORY) • 8,344 SF
      16 Balligomingo Rd, W Cnshohocken, PA 19428-2725
      View Details
    • Value Estimation by Request
      622,736 SF

      300 Conshohocken State Rd

      OFFICE BUILDING • 622,736 SF
      300 Conshohocken State Rd, W Cnshohocken, PA 19428-3801
      View Details
    • Value Estimation by Request
      4,680 SF

      100 3rd Ave

      OFFICE BUILDING (MULTI-STORY) • 4,680 SF
      100 3rd Ave, Conshohocken, PA 19428-1879
      View Details
    • Value Estimation by Request
      2,440 SF

      700 Brk Rd

      PROFESSIONAL BUILDING • 2,440 SF
      700 Brk Rd, Conshohocken, PA 19428-1162
      View Details
    • Value Estimation
      $1,130,000
      7,798 SF

      1982 Butler Pike

      OFFICE BUILDING • 7,798 SF
      1982 Butler Pike, Conshohocken, PA 19428-3701
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Conshohocken Office Building For Sale

      2,500 SF office building near transportation and apartments.
      11 Station Ave, Conshohocken, PA 19428
      View Details
    • $2,500,000
      1.65 Acres

      Conshohocken Office Building - Prime Location

      High-traffic, versatile office space, ample parking.
      1207 Fayette St, Conshohocken, PA 19428
      View Details
    • $2,500,000
      8,500 SF

      Conshohocken Office Complex

      Multi-tenant office building, high visibility
      1207 Butler Pike, Conshohocken, PA 19428
      View Details
    • Contact for pricing
      0.06 Acres

      400 10Th Ave, Conshohocken, PA 19428

      Office Properties & Spaces • 0.06 Acres
      400 10Th Ave, Conshohocken, PA 19428
      View Details
    • $250,000

      Comfortable Condo Near Schuylkill River

      Well-maintained 1-bedroom condo with modern amenities and convenient location.
      200 W Elm St, Conshohocken, PA 19428
      View Details
    • $899,000

      Whitemarsh Township Warehouse Opportunity

      Warehouse with reception area, two restrooms, and off-street parking.
      5 River Rd, Conshohocken, PA 19428
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      22,606 SF

      Conshohocken Office Suites

      Modern, Riverfront Office Space in PA
      200 Barr Harbor Dr, Conshohocken, PA 19428
      View Details
    • $26 SF/Yr
      858 SF

      Conshohocken Office Space Available

      Office space for rent with upgraded finishes and convenient location.
      1000 Conshohocken Rd, Conshohocken, PA 19428
      View Details
    • $30 SF/Yr
      1,557 SF

      Renovated Office Space with Amenities

      Office space with renovated lobby, fitness center, and parking.
      161 Washington St, Conshohocken, PA 19428
      View Details
    • Contact for pricing
      1,800 SF

      Conshohocken Office Space Available

      Class C office space available for rent in Conshohocken.
      151 E 10Th Ave, Conshohocken, PA 19428
      View Details
    • Contact for pricing
      7,543 SF

      Unique Industrial-Style Office Space

      Repurposed office space with ample natural light and modern amenities.
      1010 Spring Mill Ave, Conshohocken, PA 19428
      View Details
    • $23 SF/Yr
      4,400 SF

      Conshohocken Office Space Available

      4,400 square feet of office space for rent.
      424 E Elm St, Conshohocken, PA 19428
      View Details

    Property Visit Statistics

    • Visits by month
      9.5k
    • Visitors by month
      7.7k
    • Avg Time on site
      6 min
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    1628 Butler Pike
    Conshohocken, PA 19428-1227
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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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