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    Property profile & analytics

    196 Rdg Pike Limerick, PA 19468-1754

    • Investment properties
    • 89,344 SF
    • 7.31 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 01, 2024
    Location Intelligence
    Property ID
    US73-0136126
    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

    • Tang's Garden / Chinese Restaurant
    • Dragon Law TKD / Karate School
    • Escape Limerick / Escape Room Center / Entertainment Agency
    • Dr. MyAn Nguyen at Everlasting Eye Care, P.C. / Optometrist
    • Fajitas Mexican Kitchen / Mexican Restaurant

    Property Details for 196 Rdg Pike

    Year built
    2000
    Lot size
    7.31 lot acres
    Property size
    89,344 SF
    Zone code
    MS
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    37-00-03898-00-7
    APU
    370003898007

    Description

    Limerick Ridge Square, a prime commercial center in Montgomery County, offers exceptional retail and medical office space. This two-story building, totaling 31,451 square feet, sits on a 7.31-acre lot and boasts a convenient location at a signalized intersection, ensuring easy ingress and egress. Currently, 15,621 square feet of space is available, divisible into units as small as 1,292 square feet, with a maximum contiguous space of 4,572 square feet. Nine individual spaces are currently available, ranging in size from 1,292 to 8,200 square feet. The property features ample parking, providing over 350 spaces (approximately 4 spaces per 1,000 square feet). Built in 2000, the property is zoned (MS) Main Street District and offers a diverse range of possibilities for tenants, including retail, restaurant, medical office, and professional office uses. The property is under new management with significant capital improvements planned, enhancing its already attractive features. A potential exists for a small-format drive-thru pad site, adding further development opportunities. The property's APN is 37-03898007. This is an excellent opportunity to establish a presence in a thriving commercial area with strong visibility and accessibility.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Limerick
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.5138
    Latitude
    40.2247
    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
    $77,779
    $0.00
    $0.00
    $2,011,500
    -
    $0.00
    $0.00
    $2,011,500

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    Limerick, PA 19468-1754
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    Realmo Value Estimation

    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.

    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.

    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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