Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    215 Broad St Lansdale, PA 19446-3822
    Back to Search
    Property profile & analytics

    215 Broad St, Lansdale, PA 19446-3822

    View on Map
    • Residential income homes
    • 5,997 SF
    • 0.34 lot acres
    Off-Market
    Last Sale Feb 25, 2025
    $400,000
    Property ID
    US73-1813428
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 215 Broad St

    Year built
    1910
    Lot size
    0.34 lot acres
    Zone code
    C
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    11-00-00904-00-3
    APU
    110000904003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 25, 2025 $400,000 Todd E Walker Real Pro Enterprises LP Deed —
    Jul 2, 2014 $765,000 Real Pro Ents LP Walker,todd Grant Deed $704k · First Niagara Bk
    Aug 9, 2002 $175,000 Todd Walker Keyser,ralph K Grant Deed $225k · Ralph K & Evelyn K Keyser
    Mar 15, 2001 — Ralph K Keyser Keyser Trust Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansdale
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2867
    Latitude
    40.2382
    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
    $8,162
    $95,030
    $98,980
    $194,010
    -
    $95,030
    $98,980
    $194,010

    Comparable in this City

    • Value Estimation by Request
      3,160 SF

      101 Main St

      BOARDING/ROOMING HOUSE
      101 Main St, Lansdale, PA 19446-2631
      View Details
    • Value Estimation by Request
      2,473 SF

      174 Main St

      BOARDING/ROOMING HOUSE
      174 Main St, Lansdale, PA 19446-2519
      View Details
    • Value Estimation by Request
      225,154 SF

      325 Madison St

      GARDEN APT, COURT APT (5+ UNITS)
      325 Madison St, Lansdale, PA 19446-2141
      View Details
    • Value Estimation
      $3,645,000
      33,706 SF

      219 York Ave

      GARDEN APT, COURT APT (5+ UNITS)
      219 York Ave, Lansdale, PA 19446-3664
      View Details
    • Value Estimation by Request
      9,948 SF

      138 5th St

      GARDEN APT, COURT APT (5+ UNITS)
      138 5th St, Lansdale, PA 19446-2490
      View Details
    • Value Estimation
      $1,055,000
      8,406 SF

      621 Broad St

      APARTMENT HOUSE (5+ UNITS)
      621 Broad St, Lansdale, PA 19446-2354
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,000 SF

      Redevelopment Opportunity in Downtown Location

      Mixed-use redevelopment opportunity near train station in downtown location.
      215 W Main St, Lansdale, PA 19446
      View Details
    • $399,900
      2,814 SF

      Lansdale Multifamily Renovation Opportunity

      Two-unit property near North Penn High School, ideal for renovation.
      342 Perkiomen Ave, Lansdale, PA 19446
      View Details
    • $440,000
      1,523 SF

      Turn-Key Duplex in Lansdale Borough

      Fully licensed duplex with immediate cash flow and capital improvements.
      424 Walnut St, Lansdale, PA 19446
      View Details
    • $499,900

      Mixed-Use Property in Lansdale

      Mixed-use property with storefront, apartments, and garage near downtown.
      728 W Main St, Lansdale, PA 19446
      View Details
    • $570,000
      2,581 SF

      Charming Brick Duplex in Lansdale

      Well-maintained duplex near downtown shops, restaurants, and a park.
      235 E 2Nd St, Lansdale, PA 19446
      View Details
    • $959,000

      Retail Investment in Downtown Lansdale

      6,476 SF retail space in a vibrant downtown location.
      9 W 2Nd St, Lansdale, PA 19446
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lansdale Office Space Available

      Move-in ready office space in the heart of Lansdale, PA.
      1970 N Broad St, Lansdale, PA 19446
      View Details
    • Contact for pricing
      2,450 SF

      Lansdale Retail Space Available

      Retail space for lease in central Lansdale Borough.
      612-652 E Main St, Lansdale, PA 19446
      View Details
    • Contact for pricing
      2,500 SF

      Repositioned Retail Center in Lansdale

      Grocery Outlet anchored center with national and local co-tenants.
      553 S Broad St, Lansdale, PA 19446
      View Details
    • Contact for pricing
      7,108 SF

      Medical Office Space For Lease

      7,108 SF medical office space available for lease.
      909 Sumneytown Pike, Lansdale, PA 19446
      View Details
    • $1,175 /Mo

      Professional Office Space in Lansdale

      High-visibility office space suitable for various professional uses.
      920 N Broad St, Lansdale, PA 19446
      View Details
    • Contact for pricing

      Retail Space Near North Penn

      Retail spaces available near North Penn High School.
      850 S Valley Forge Rd, Lansdale, PA 19446
      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.
    215 Broad St
    Lansdale, PA 19446-3822
    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

    Thank You for Inquiry
    215 Broad St, Lansdale, PA, 19446
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!