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Property profile & analytics
FOR LEASE
Strip malls
204 Shoemaker Rd Pottstown, PA 19464
Entity Owned
2-yr Hold
Free & Clear
Property ID
US73-2227259
For Lease
1 / 7
$3,960,000
204 Shoemaker Rd, Pottstown, PA 19464
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Property summary
AI-generated overview
Tri County Plaza, located at 204 Shoemaker Road in Pottstown, Pennsylvania, presents a prime retail investment opportunity. This two-building, single-story strip center boasts a total of 29,135 square feet situated on a 3.91-acre lot (29,135 sq ft). The property features eight suites, with a minimum divisible space of 1,900 square feet, and currently has 18,970 square feet of vacant space available for lease. Individual suite sizes range from 1,900 to 2,015 square feet. The center enjoys a highly visible location at the signalized intersection of Route 100 and Shoemaker Road, a key retail hub in the Pottstown market. Its proximity to Route 422 Expressway ensures excellent accessibility. The property benefits from prominent pylon signage opportunities and a proven track record as a successful retail location. Adding to its appeal, a new Panera Bread and a Chipotle Mexican Grill are now open nearby, further enhancing the area's retail draw. This property offers exceptional visibility and convenient access from Route 100, making it an ideal location for a variety of retail businesses. Montgomery County location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Total area
35,248 SF
Lot
4.28 ac (186,437 SF)
Zoning code
HB
APN
16-00-25833-10-7
UPID
US73-2227259
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
-
Pottstown Express Laundry Center (Bike/Boat/Book/etc) Store
-
US Army Recruiting Station - Pottstown Military Recruiting Office
-
US Marines Recruiting Office Military Recruiting Office
-
CosmoProf (Bike/Boat/Book/etc) Store Cosmetic Store
-
Armed Forces Recruiting Military Recruiting Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.96M
Owner & transaction history
American Bread Company LLC · 2 yrs held
American Bread Company LLC
since 2024
6 recorded transactions
Zoning & alternative use
HB · Pottstown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.8M
+25.5%
Medical building
$5.6M
+20.9%
Restaurant
$4.9M
+7.7%
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 Pottstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pottstown 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
NEIGHBORHOOD: SHOPPING CENTER
$4,595,000
Current use
OFFICE BUILDING
$5,765,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$5,555,000
Change: +21% · Conversion: Difficult
RESTAURANT
$4,945,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,900,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,940,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.96M
Range $3.56M – $4.36M · ±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
$112 / 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
$163,665
Tax year 2023
Assessed value
$2,666,700
Assessed 2024
Previous assessed
$2,666,700
+0.0% YoY
Effective rate
6.14%
On assessed value
Total market value
$2,666,700
Applied tax rate
16.0000
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
1996
Heating
HEAT PUMP
Cooling
CENTRAL
Total area
35,248 SF
Lot
4.28 ac (186,437 SF)
Zoning code
HB
APN
16-00-25833-10-7
UPID
US73-2227259
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
HB · Pottstown, PA
Zoning HB · permitted uses
HB · Pottstown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pottstown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.6M
OFFICE BUILDING
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.6M
RESTAURANT
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
INDUSTRIAL (GENERAL)
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1996
Heating
HEAT PUMP
Cooling
Yes
Lot
4.28 ac
Current owner
From public records · entity-resolved
American Bread Company LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2024
—
American Bread Company LLC
—
Deed
related
$64,000,000 · Bank Of America NA
Mar 21, 2024
—
American Bread Company LLC
Tri County Business Campus LLC
Lease
—
Feb 24, 2023
—
Tri County Business Campus LLC
—
Deed
related
$2,000,000 · Tompkins Trust Co
Jul 17, 2008
—
Tri-county Business Campus LLC
Tri-county Business Campus
Quit Claim Deed
$4,650,000 · Intervest National Bank
May 28, 1999
—
Tri-county Business Campus Jv
Montgomery County Industrial
Grant Deed
$1,670,000 · National Penn Bank
—
—
Tri County Business Campus Jv
—
Deed Of Trust
related
$150,000 · National Penn Bank
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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