Sign Up Successful!
You now have access to more from Realmo!
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

    247 Lafayette St Norristown, PA 19401-4655

    • Warehouses
    • 13,758 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Jan 09, 2020
    $225,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0208959
    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

    • Norristown Liquidators / Liquidator

    Property Details for 247 Lafayette St

    Year built
    1900
    Lot size
    0.23 lot acres
    Property size
    13,758 SF
    Zone code
    TC
    Property type
    Warehouses
    APN
    13-00-23272-00-7
    APU
    130023272007

    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
    Norristown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.3491
    Latitude
    40.1158
    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
    $4,973
    $0.00
    $0.00
    $81,000
    -
    $0.00
    $0.00
    $81,000

    Comparable in this City

    • Value Estimation by Request
      1,232 SF

      217 Pearl St

      WAREHOUSE, STORAGE • 1,232 SF
      217 Pearl St, Norristown, PA 19401-4620
      View Details
    • Value Estimation by Request
      1,292 SF

      700 Roosevelt Ave

      MINI-WAREHOUSE, STORAGE • 1,292 SF
      700 Roosevelt Ave, Norristown, PA 19401
      View Details
    • Value Estimation by Request
      1,044 SF

      1210 Sterigere St

      WAREHOUSE, STORAGE • 1,044 SF
      1210 Sterigere St, Norristown, PA 19401
      View Details
    • Value Estimation
      $1,630,000
      17,812 SF

      579 Lafayette St

      WAREHOUSE, STORAGE • 17,812 SF
      579 Lafayette St, Norristown, PA 19401-5166
      View Details
    • Value Estimation by Request
      3,762 SF

      640 Main St

      WAREHOUSE, STORAGE • 3,762 SF
      640 Main St, Norristown, PA 19401-5123
      View Details
    • Value Estimation
      $2,250,000
      47,852 SF

      205 Oak St

      WAREHOUSE, STORAGE • 47,852 SF
      205 Oak St, Norristown, PA 19401
      View Details

    Similar Nearby for Sale

    • $650,000
      8,489 SF

      Norristown Industrial Property

      8,489 SF Manufacturing/Warehouse
      321 Poplar St, Norristown, PA 19401
      View Details
    • $875,000
      7,795 SF

      Norristown Industrial Property

      7,795 SF Office/Warehouse, $875K
      625 Beech St, Norristown, PA 19401
      View Details
    • Contact for pricing
      5,000 SF

      Norristown Mixed-Use Warehouse

      Historic Warehouse & Mansion, Redevelopment Opportunity
      620-624 Main St, Norristown, PA 19401
      View Details
    • $499,999
      9,592 SF

      Norristown Industrial Property: Prime Location

      High-traffic area, excellent investment.
      101 Lafayette St, Norristown, PA 19401
      View Details
    • $575,000
      8,418 SF

      Norristown Industrial Warehouse - $575K

      8,418 SF Warehouse, Excellent Location
      2 Noble St, Norristown, PA 19401
      View Details
    • $799,000
      7,700 SF

      420 Poplar St, Norristown, PA 19401

      Industrial properties • 7,700 SF
      420 Poplar St, Norristown, PA 19401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,400 SF

      Norristown Warehouse with Office Space

      8,400 SF warehouse with 1,200 SF office space available.
      750 Markley St, Norristown, PA 19401
      View Details
    • Contact for pricing
      54,380 SF

      Hillcrest Plaza: Medical Office Space

      Prime East Norriton Medical Office Suites
      126 Germantown Pike, East Norriton, PA 19401
      View Details
    • $720 /Mo
      42,689 SF

      Highly Visible Commercial Location

      Commercial space for rent in a highly visible Norristown location.
      449 Hamilton St, Norristown, PA 19401
      View Details
    • Contact for pricing

      Retail Space on Dekalb Pike

      Retail opportunity at a high-traffic intersection in East Norriton, PA.
      2811 Dekalb Pike, East Norriton, PA 19401
      View Details
    • Contact for pricing

      Downtown Retail/Mixed-Use Land Opportunity

      0.75-acre land for retail or mixed-use development in Norristown.
      82 E Main St, Norristown, PA 19401
      View Details
    • Contact for pricing
      1,889 SF

      King of Prussia Retail Space

      Retail space in a newly developed mixed-use project.
      155 Main St, King of Prussia, PA 19401
      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.
    247 Lafayette St
    Norristown, PA 19401-4655
    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.