Technical
Financial
Distress signals
Property profile

223 Main St Norristown, PA 19401

OFF-MARKET
Drive through restaurants
Property ID
US73-0286962
5,564 SF 0.84 ac lot Built 1999
Entity Owned 25-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1999
Total area 5,564 SF
Lot 0.84 ac (36,480 SF)
Zoning code TC
APN 13-00-22960-00-4
UPID US73-0286962

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering
  • Atm Currency Exchange Service
  • Gas Station
  • Gas Station
  • Gas Station

Location

223 Main St Norristown, PA 19401-4657
Norristown metro Census 203902 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.29M
Blend (final) Blend
$520k

Owner & transaction history

since 2001
1 recorded transaction
2001
$750,000

Zoning & alternative use

TC · Norristown, PA
Zoning description

TC Town Center District § 320-128 Legislative intent. § 320-129 Use regulations. § 320-130 Dimensional criteria. § 320-131 Off-street parking and loading. § 320-132 Architectural and site design standards. § 320-133 Desi…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.6M +110.6%
Retail stores $1.5M +91.8%
Office building $970,000 +24.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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