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    Property profile & analytics

    244 County Line Rd Hatboro, PA 19040

    • Warehouses
    • 31,403 SF
    • 2.24 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2745304
    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

    • Michael's Hot Rod Garage / Auto Repair Shop
    • Zeo Brothers Productions / Stage Lighting Equipment Supplier / Audiovisual Equipment Rental Service
    • Absolute Music School / Music School
    • GENBETH WHOLESALE / Wholesaler

    Property Details for 244 County Line Rd

    Year built
    1960
    Lot size
    2.24 lot acres
    Property size
    31,403 SF
    Zone code
    LI
    Property type
    Warehouses
    APN
    08-00-00964-00-9
    APU
    80000964009

    Description

    This exceptional Hatboro, Pennsylvania industrial property, located at 244 E County Line Rd, offers 3,800 square feet of immediately available manufacturing space within a larger 31,385 square foot complex. The property boasts a convenient location, situated near the signalized intersection of County Line Road and Jacksonville Road in the E Montgomery Cty Ind submarket. Its strategic position provides easy access to major transportation arteries, including Routes 611, 262, and 132, as well as the Pennsylvania Turnpike (3.2 miles away) and the Warminster Train Station (just 1.1 miles distant). Center City Philadelphia is also within a reasonable commuting distance at 26 miles. The property sits on a 2.24-acre lot and is zoned LI - Limited Industrial (APN: 08-00-00964-00-9, Montgomery County). The building features one drive-in door for convenient loading and unloading. This multi-tenant building presents a fantastic opportunity for businesses seeking efficient and well-connected manufacturing space in a thriving Montgomery County location. The available space totals 3,800 square feet, representing a portion of the larger complex. This is an ideal location for businesses needing access to major roadways and public transportation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hatboro
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.0985
    Latitude
    40.1864
    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
    $28,293
    $0.00
    $0.00
    $583,880
    -
    $0.00
    $0.00
    $583,880

    Comparable in this City

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      220 Jacksonville Rd

      WAREHOUSE, STORAGE • 42,800 SF
      220 Jacksonville Rd, Hatboro, PA 19040-2721
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      403 Lincoln Ave

      WAREHOUSE, STORAGE • 3,330 SF
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      6,936 SF

      408 Warminster Rd

      WAREHOUSE, STORAGE • 6,936 SF
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      10,920 SF

      308 Bonair Ave

      WAREHOUSE, STORAGE • 10,920 SF
      308 Bonair Ave, Hatboro, PA 19040
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    • Value Estimation
      $305,000
      5,792 SF

      447 Jacksonville Rd

      WAREHOUSE, STORAGE • 5,792 SF
      447 Jacksonville Rd, Hatboro, PA 19040-4605
      View Details

    Similar Nearby for Sale

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      Hatboro Commercial Land - 2.7 Acres

      Prime Bucks County commercial lot. Ideal for various uses.
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      Retail Property For Sale

      Retail property available for purchase in Hatboro, Pennsylvania.
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    Similar Nearby for Lease

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      Hatboro Manufacturing and Warehouse Space

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    • $14 SF/Yr
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      Hatboro Industrial Space Available

      3,800 SF Manufacturing Space in Hatboro, PA
      244 County Line Rd, Hatboro, PA 19040
      View Details
    • $1,900 /Mo

      Luxury Loft Apartment Available Now

      Modern lofts in Hatboro, steps from train station and shops.
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      5,000 SF

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      Retail property within walking distance to public transportation.
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      Retail/Office Building Near Train

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      Hatboro Office Space for Lease

      Prime Hatboro Office, Multiple Suites Available
      331 York Rd, Hatboro, PA 19040
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    244 County Line Rd
    Hatboro, PA 19040
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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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