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Property profile & analytics
FOR LEASE
Strip malls
201 2Nd Ave Collegeville, PA 19426
Individually Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1359368
For Lease
1 / 6
Contact for pricing
201 2Nd Ave, Collegeville, PA 19426
View Listing →
Property summary
AI-generated overview
This exceptional retail opportunity is located at 201 2nd Ave, Collegeville, PA 19426, in Montgomery County, one of Pennsylvania's wealthiest counties. The property is a Class B shopping center offering two available spaces, ranging from 1,920 to 2,000 square feet. This is a multi-tenant property situated on a highly trafficked road, benefiting from a large and affluent employment base and strong demographics. The location provides excellent visibility and accessibility for businesses seeking a thriving retail environment. A significant advantage is the proximity to Ursinus College, ensuring a consistent flow of potential customers. Furthermore, the property enjoys the added benefit of being near Redner's Fresh Market, which is undergoing a grand re-opening in May 2024, further enhancing the area's retail appeal and foot traffic. This presents a unique chance to establish or expand a retail presence in a highly desirable and well-established commercial area. The property is categorized as a retail shopping center.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1993
Total area
176,130 SF
Lot
18.88 ac (822,413 SF)
Zoning code
C3
APN
04-00-01642-00-1
UPID
US73-1359368
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
-
Wendy's Restaurant Take-out & Catering
-
Rocco's Brick Oven Pizzeria Restaurant
-
Advanced and Elite Dentistry Dental Office
-
Redner's Warehouse Markets Grocery & Convenience Store Food Market
-
Brianna Huff, Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.88M
Owner & transaction history
Collegevlle Borough Pa · 24 yrs held
Collegevlle Borough Pa
since 2002
5 recorded transactions
Zoning & alternative use
C3 · Collegeville, 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 Collegeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Collegeville 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
INDUSTRIAL (GENERAL)
$19,695,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$11.88M
Range $10.69M – $13.06M · ±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
$67 / 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
$392,864
Tax year 2023
Assessed value
$8,000,000
Assessed 2024
Previous assessed
$8,000,000
+0.0% YoY
Effective rate
4.91%
On assessed value
Total market value
$8,000,000
Applied tax rate
4.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1993
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
176,130 SF
Lot
18.88 ac (822,413 SF)
Zoning code
C3
APN
04-00-01642-00-1
UPID
US73-1359368
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C3 · Collegeville, PAZoning C3 · permitted uses
C3 · Collegeville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$19.7M
INDUSTRIAL (GENERAL)
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
1993
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
18.88 ac
Current owner
From public records · entity-resolved
Collegevlle Borough Pa
Individual
Mailing address
16 INDUSTRIAL BLVD STE #100, PAOLI, PA 19301-1609
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2019
—
Collegeville Dev Corp
—
Deed
related
$6,000,000 · Bryn Mawr Tr
May 8, 2002
—
Collegevlle Borough Pa
Collegeville Development Co
Quit Claim Deed
related
—
—
—
Collegeville Partners
—
Deed Of Trust
related
$6,000,000 · Bryn Mawr Tr
—
—
Collegeville Dev Corp
—
Deed Of Trust
related
$6,000,000 · Bryn Mawr Tr
—
—
L Ptshp
—
Deed Of Trust
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.
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