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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    217 Main St Lansdale, PA 19446-2003

    • Investment properties
    • 8,568 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Nov 16, 2022
    $512,000
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2835316
    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

    • MAMA Thai / Restaurant
    • Lansdale Express Garage Door Repair Service - New Garage Doors Install - Spring & Opener Replacement / Corporate Office

    Property Details for 217 Main St

    Year built
    1926
    Lot size
    0.09 lot acres
    Property size
    8,568 SF
    Zone code
    B
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    11-00-09504-00-7
    APU
    110009504007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $520,000
      ML approach
      $495,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $631,000
      Market price range: $632k - $991k
      AI Estimate
      $441,000
      Market price range: $441k - $844k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $795,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansdale
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2862
    Latitude
    40.2435
    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
    $7,782
    $79,090
    $105,910
    $185,000
    -
    $79,090
    $105,910
    $185,000

    Comparable in this City

    • Value Estimation by Request
      1,450 SF

      1820 Pt Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 1,450 SF
      1820 Pt Pike, Lansdale, PA 19446-5688
      View Details
    • Value Estimation
      $1,235,000
      12,904 SF

      1816 Pt Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 12,904 SF
      1816 Pt Pike, Lansdale, PA 19446-5696
      View Details
    • Value Estimation
      $1,585,000
      20,192 SF

      3401 Skippack Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 20,192 SF
      3401 Skippack Pike, Lansdale, PA 19446
      View Details
    • Value Estimation by Request
      4,198 SF

      620 Broad St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,198 SF
      620 Broad St, Lansdale, PA 19446-5249
      View Details
    • Value Estimation
      $555,000
      5,451 SF

      51 Towamencin Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,451 SF
      51 Towamencin Ave, Lansdale, PA 19446-2123
      View Details
    • Value Estimation by Request
      2,408 SF

      712 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,408 SF
      712 Main St, Lansdale, PA 19446-2014
      View Details

    Similar Nearby for Sale

    • $900,000

      Mixed-Use Property with Auto Shop

      Mixed-use property featuring an auto shop, residential home, and more.
      1486 W Main St, Lansdale, PA 19446
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    • $1,650,000
      8,564 SF

      Lansdale Mixed-Use Investment Opportunity

      Historic Charm, High Returns, Prime Location
      600 Main St, Lansdale, PA 19446
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    • $649,900
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      Lansdale Mixed-Use Investment Property

      High-traffic location, multiple income streams.
      335 Broad St, Lansdale, PA 19446
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    • $499,900

      Mixed-Use Property in Lansdale

      Mixed-use property with storefront, apartments, and garage near downtown.
      728 W Main St, Lansdale, PA 19446
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    • $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
    • Contact for pricing

      Lansdale Retail Pad Site Available

      Retail pad site available in Lansdale, Pennsylvania.
      100-400 Pennbrook Pkwy, Lansdale, PA 19446
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      10,000 SF

      Lansdale Office Space: Prime Location

      Flexible Office Suites in Suburban Philadelphia
      707 Valley Forge Rd, Lansdale, PA 19446
      View Details
    • $525 /Mo
      28,750 SF

      Lansdale Office Space For Lease

      Prime office space in Lansdale with shared amenities and parking.
      1411 Welsh Rd, Lansdale, PA 19446
      View Details
    • Contact for pricing

      Retail Space in Renovated Center

      Retail space available in a re-developed shopping center.
      1758 Allentown Rd, Lansdale, PA 19446
      View Details
    • Contact for pricing
      2,673 SF

      Lansdale Office/Industrial Space for Lease

      Single-story office/industrial space with heavy power and rail access.
      1000 N Cannon Ave, Lansdale, PA 19446
      View Details
    • Contact for pricing
      9,000 SF

      Medical Office Building For Lease

      Two-story medical office building with covered parking available for lease.
      1240 S Broad St, Lansdale, PA 19446
      View Details
    • Contact for pricing
      9,756 SF

      Lansdale Flex/Industrial Space Available

      9,756 SF flex/industrial space for lease in Lansdale, PA.
      1180 Church Rd, Lansdale, PA 19446
      View Details
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    217 Main St
    Lansdale, PA 19446-2003
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    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
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