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    250 Business Ctr Dr Horsham, PA 19044-3404
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    Property profile & analytics

    250 Business Ctr Dr, Horsham, PA 19044-3404

    View on Map
    • Hotels
    • 56,640 SF
    • 2.30 lot acres
    Off-Market
    Last Sale Apr 15, 2022
    $4,000,000
    Property ID
    US73-0719374
    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
    $4,045,000
    Show details
    Cap Rate Potential
    8.4%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Executive Residency By Best Western Philadelphia-Willowgrove / Hotel & Motel

    Property Details for 250 Business Ctr Dr

    Year built
    1997
    Lot size
    2.30 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    36-00-03556-30-5
    APU
    360003556305

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 17, 2025 $11,500,000 Shridatt LLC Jsk Horsham LLC Special Warranty Deed $8.6M · Qnb Bank
    Apr 15, 2022 $4,000,000 Jsk Horsham LLC Hpt Ihg 2 Properties Trust Special Warranty Deed $4.5M · Capital Bank NA
    Feb 18, 2004 — Hpt Cw Prop Candlewood Leasing INC Grant Deed · related —
    Feb 5, 1998 $7,298,399 Candlewood Hotel Co Candlewood Horsham Pa LLC Grant Deed · related —
    Mar 31, 1997 $537,000 Candlewood Horsham Homestead Properties INC Grant Deed —
    — — Candlewood Horsham Pa — Deed Of Trust · related $1k · Gmac Commercial Mortgage Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,140,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,830,000
      6.5%
      $5,380,000
      7%
      $4,995,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,601,000
      Market price range: $2.08M - $5.98M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $4,285,000
      Current use
      RESTAURANT
      $5,465,000
      Change: +28% Conversion: Difficult
      RETAIL STORES
      $5,175,000
      Change: +21% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $4,735,000
      Change: +10% Conversion: Difficult
      MEDICAL BUILDING
      $4,690,000
      Change: +9% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,475,000
      Change: +4% Conversion: Difficult
      OFFICE BUILDING
      $4,220,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Horsham
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.15
    Latitude
    40.1671
    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
    $140,094
    $0.00
    $0.00
    $3,564,000
    -
    $0.00
    $0.00
    $3,564,000

    Comparable in this City

    • Value Estimation
      $7,000,000
      82,184 SF

      245 Easton Rd

      HOTEL/MOTEL
      245 Easton Rd, Horsham, PA 19044-3132
      View Details
    • Value Estimation
      $8,170,000
      73,211 SF

      3 Walnut Grv Dr

      HOTEL/MOTEL
      3 Walnut Grv Dr, Horsham, PA 19044-2201
      View Details
    • Value Estimation
      $5,670,000
      63,123 SF

      537 Dresher Rd

      HOTEL/MOTEL
      537 Dresher Rd, Horsham, PA 19044-1995
      View Details
    • Value Estimation
      $10,765,000
      101,895 SF

      720 Blair Ml Rd, Unit 1

      HOTEL/MOTEL
      720 Blair Ml Rd, Horsham, PA 19044-2269
      View Details
    • Value Estimation
      $2,950,000
      58,128 SF

      198 Precision Rd

      HOTEL/MOTEL
      198 Precision Rd, Horsham, PA 19044-1200
      View Details
    • Value Estimation by Request
      0.30 Acres

      413 Adee Ave

      VACANT COMMERCIAL LAND
      413 Adee Ave, Horsham, PA 19044-2401
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      51,000 SF

      Two-Story Office Building Available

      51,000± SF office building, ready for immediate occupancy.
      255 Business Center Dr, Horsham, PA 19044
      View Details
    • $650,000
      0.40 Acres

      Commercial Property on Easton Road

      Commercial retail property in high-traffic area with parking.
      296 Easton Rd, Horsham, PA 19044
      View Details
    • Contact for pricing

      Horsham Retail Property with Parking

      Commercial retail property on high-traffic road with parking.
      296 Easton Rd, Horsham, PA 19044
      View Details
    • Contact for pricing
      Pending

      Horsham Commercial Land For Sale

      1.05-acre commercial land with high traffic exposure.
      104 Horsham Rd, Horsham, PA 19044
      View Details
    • Contact for pricing
      20,500 SF

      Fully Leased Office Building

      Well-located, fully leased office building in established business center.
      1355 Business Center Dr, Horsham, PA 19044
      View Details
    • Contact for pricing
      8,000 SF

      Restaurant Property on Heavily Trafficked Road

      Freestanding restaurant with outdoor seating on a high-traffic corner.
      101 Easton Rd, Horsham, PA 19044
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,523 SF

      Horsham Office Space for Lease

      Office space available for lease in Horsham, Pennsylvania.
      700 Business Center Dr, Horsham, PA 19044
      View Details
    • Contact for pricing
      3,474 SF

      Horsham Office Space For Rent

      Office space with renewable energy solutions and EV charging.
      100 Tournament Dr, Horsham, PA 19044
      View Details
    • Contact for pricing
      31,432 SF

      Updated Office Space with Amenities

      Office space with updated lobby, fitness center, and cafe.
      100 Witmer Rd, Horsham, PA 19044
      View Details
    • Contact for pricing
      2,538 SF

      Modern Office Space for Rent

      Multi-tenant office building with modern amenities and convenient location.
      200 Gibraltar Rd, Horsham, PA 19044
      View Details
    • Contact for pricing
      9,374 SF

      Suburban Office Building in Horsham

      Suburban office building with 9,374 square feet of space.
      800 Enterprise Dr, Horsham, PA 19044
      View Details
    • Contact for pricing

      Horsham Retail Spaces Available

      Retail spaces available, ranging from 457 to 5,396 SqFt.
      301-315 Horsham Rd, Horsham, PA 19044
      View Details
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    Horsham, PA 19044-3404
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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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