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Property profile & analytics
FOR LEASE
Commercial real estate

1916 W Marshall St Norristown, PA 19403

35,337 SF 1.81 ac lot Built 1920
Individually Owned 12-yr Hold ~ Est. High Equity
Property ID
US73-5982073
Property summary
AI-generated overview

This exceptional commercial property located at 1916 W Marshall Street in Norristown, Pennsylvania, offers four distinct office suites for lease on the second floor. The property sits on a generous 1.81-acre lot, providing ample space and potential for future expansion. The suites are individually sized and offer flexibility for various business needs. Suite 1.2.A encompasses 840 square feet, while Suite 1.2.B and Suite 1.2.D each measure 700 square feet. The largest suite, 1.2.C, offers a substantial 1,660 square feet of usable space. Each suite is available for lease under a modified gross lease structure, meaning tenants are responsible for the cost of electricity and oil. This presents an excellent opportunity for businesses seeking well-appointed office space in a desirable Norristown location. The property's substantial lot size offers significant potential for future development or expansion, making it an attractive investment for long-term growth. The individual suite sizes cater to a range of business requirements, from small startups to larger established companies. This prime location in Norristown provides easy access to major transportation routes and local amenities. Inquire today to learn more about leasing opportunities and pricing.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Total area 35,337 SF
Lot 1.81 ac (78,738 SF)
Zoning code R2
APN 63-00-05128-00-2
UPID US73-5982073
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.95M
Blend (final) Blend
$2.37M
Owner & transaction history
Elizabeth B Harris · 12 yrs held
Elizabeth B Harris
since 2014
6 recorded transactions
2020
Price N/A
2014
Price N/A
2007
$579,606
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R2 · West Norriton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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