Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    204 Shoemaker Rd Pottstown, PA 19464

    • Strip malls
    • 35,248 SF
    • 4.28 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2227259
    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

    • 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

    Property Details for 204 Shoemaker Rd

    Year built
    1996
    Lot size
    4.28 lot acres
    Property size
    35,248 SF
    Zone code
    HB
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    16-00-25833-10-7
    APU
    160025833107

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pottstown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.6615
    Latitude
    40.2555
    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
    $163,665
    $0.00
    $0.00
    $2,666,700
    -
    $0.00
    $0.00
    $2,666,700

    Comparable in this City

    • Value Estimation
      $7,470,000
      104,075 SF

      1300 Charlotte St

      SHOPPING CENTER, STRIP CENTER • 104,075 SF
      1300 Charlotte St, Pottstown, PA 19464-2351
      View Details
    • Value Estimation
      $535,000
      14,297 SF

      871 Hanover St

      SHOPPING CENTER, STRIP CENTER • 14,297 SF
      871 Hanover St, Pottstown, PA 19464-1889
      View Details
    • Value Estimation
      $1,145,000
      23,210 SF

      1432 High St

      SHOPPING CENTER, STRIP CENTER • 23,210 SF
      1432 High St, Pottstown, PA 19464-4973
      View Details
    • Value Estimation
      $1,445,000
      19,800 SF

      1630 High St, Unit 1668

      SHOPPING CENTER, STRIP CENTER • 19,800 SF
      1630 High St, Stowe, PA 19464-3759
      View Details
    • Value Estimation
      $835,000
      14,080 SF

      2162 High St, Unit 2190

      SHOPPING CENTER, STRIP CENTER • 14,080 SF
      2162 High St, Pottstown, PA 19464-3214
      View Details
    • Value Estimation
      $1,710,000
      13,975 SF

      142 Shoemaker Rd

      SHOPPING CENTER, STRIP CENTER • 13,975 SF
      142 Shoemaker Rd, Pottstown, PA 19464-6430
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,804 SF

      Pottstown Investment Opportunity: Pub & Apartments

      Turn-key bar/restaurant with apartments and commercial space for sale.
      978 E High St, Pottstown, PA 19464
      View Details
    • Contact for pricing
      24.00 Acres

      Prime Pottstown Mixed-Use Land

      24 Acres, Restaurant Opportunity, High Traffic
      0 Evergreen Rd, Pottstown, PA 19464
      View Details
    • $850,000
      7,321 SF

      Pottstown Retail Storefront Investment

      High-street retail space, prime location, immediate occupancy.
      323 High St, Pottstown, PA 19464
      View Details
    • Contact for pricing
      65,000 SF

      Mixed-Use Complex in Stowe, PA

      65,000 SF mixed-use complex on 1.76 acres for sale.
      9-13 Race St, Pottstown, PA 19464
      View Details
    • Contact for pricing
      0.62 Acres

      High Street Pottstown Retail Space

      Prime Pottstown Retail/Office Opportunity
      415 High St, Pottstown, PA 19464
      View Details
    • $325,000
      2,232 SF

      Fully Leased Mixed-Use Investment Property

      Three-unit mixed-use property with diversified revenue and strong cash flow.
      36 E 3Rd St, Pottstown, PA 19464
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,850 SF

      Retail Space in Community Center

      Retail space available within a community shopping center.
      1300 N Charlotte St, Pottstown, PA 19464
      View Details
    • Contact for pricing
      29,135 SF

      Tri County Plaza Retail Center

      Pottstown, PA Retail Space Available
      204 Shoemaker Rd, Pottstown, PA 19464
      View Details
    • Contact for pricing
      13,200 SF

      Pottstown Plaza Retail Center

      High-traffic Pottstown retail space available
      2170 High St, Pottstown, PA 19464
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Pottstown Center

      Retail space available in shopping center with strong local tenants.
      80 Glocker Way, Pottstown, PA 19464
      View Details
    • Contact for pricing
      2,405 SF

      Downtown Pottstown Retail Space Available

      Retail space in downtown Pottstown with high ceilings.
      213 E High St, Pottstown, PA 19464
      View Details
    • Contact for pricing
      2,584 SF

      Downtown Pottstown Retail Space Available

      Retail space in downtown Pottstown with high ceilings and accessibility.
      269 E High St, Pottstown, PA 19464
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    204 Shoemaker Rd
    Pottstown, PA 19464
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!