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

    260 New York Dr Fort Washington, PA 19034

    • Warehouses
    • 24,032 SF
    • 2.68 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5583889
    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

    • Jason Komasz / Pediatrician / Medical Clinic
    • OsseoLink USA, LLC / Dental Office
    • DentaDepot LLC / Dental Office
    • AAA DENTALAB LLC / Dental Office
    • HI - DENTAL LAB / Laboratory

    Property Details for 260 New York Dr

    Year built
    1973
    Lot size
    2.68 lot acres
    Property size
    24,032 SF
    Zone code
    LIM
    Property type
    Warehouses
    APN
    54-00-12193-00-2
    APU
    540012193002

    Description

    This exceptional investment opportunity presents a 24,032-square-foot, single-story flex/office building situated on a generous 2.68-acre lot in Fort Washington, Pennsylvania. The property, located at 260 New York Drive, boasts a Class B designation and is zoned LIM – Limited Industrial District, offering considerable versatility. Built in 1973, the building features a functional layout ideal for a variety of uses. High ceilings, ranging from 12.16 feet clear to 13.5 feet to the deck, provide ample space and flexibility. The property includes convenient amenities such as 89 parking spaces, one loading dock, and one drive-in door, along with a tailgate door, ensuring efficient operations. The property's substantial size and strategic location in Montgomery County, Pennsylvania, make it an attractive prospect for investors seeking a strong return. The building's existing infrastructure and ample parking provide a solid foundation for immediate occupancy or future development. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a desirable location. The property's zoning allows for a range of potential uses, making it an ideal investment for both short-term and long-term growth. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,091,000
      Market price range: $1.36M - $3.25M
      AI Estimate
      $1,525,000
      Market price range: $578k - $1.72M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,205,000
      Current use
      MEDICAL BUILDING
      $3,790,000
      Change: +72% Conversion: Difficult
      RESTAURANT
      $3,375,000
      Change: +53% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,340,000
      Change: +52% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,130,000
      Change: +42% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Washington
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.1986
    Latitude
    40.1398
    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
    $47,191
    $0.00
    $0.00
    $967,700
    -
    $0.00
    $0.00
    $967,700

    Comparable in this City

    • Value Estimation
      $1,665,000
      16,782 SF

      425 Maryland Dr

      WAREHOUSE, STORAGE • 16,782 SF
      425 Maryland Dr, Fort Washington, PA 19034-2501
      View Details
    • Value Estimation
      $7,560,000
      144,908 SF

      135 Commerce Dr

      WAREHOUSE, STORAGE • 144,908 SF
      135 Commerce Dr, Fort Washington, PA 19034-2401
      View Details
    • Value Estimation
      $1,080,000
      10,440 SF

      350 Commerce Dr

      WAREHOUSE, STORAGE • 10,440 SF
      350 Commerce Dr, Fort Washington, PA 19034-2600
      View Details
    • Value Estimation
      $1,970,000
      22,224 SF

      290 Commerce Dr

      WAREHOUSE, STORAGE • 22,224 SF
      290 Commerce Dr, Fort Washington, PA 19034-2400
      View Details
    • Value Estimation
      $2,595,000
      25,088 SF

      155 Commerce Dr

      WAREHOUSE, STORAGE • 25,088 SF
      155 Commerce Dr, Fort Washington, PA 19034-2401
      View Details
    • Value Estimation
      $1,625,000
      21,090 SF

      230 New York Dr

      WAREHOUSE, STORAGE • 21,090 SF
      230 New York Dr, Fort Washington, PA 19034-2504
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,032 SF

      Fort Washington Flex Office Building

      24,032 SF Flex/Office Investment Opportunity
      260 New York Dr, Fort Washington, PA 19034
      View Details
    • Contact for pricing
      24,032 SF

      Fort Washington Flex/Office Building

      24,032 SF flex/office building on 2.68 acres.
      260 New York Dr, Fort Washington, PA 19034
      View Details
    • $495,000
      2,540 SF

      Fort Washington Office Building

      2-Story Office, 2,540 SF, Vacant
      465 Commerce Dr, Fort Washington, PA 19034
      View Details
    • $699,000
      2,538 SF

      Turnkey Investment Property in Fort Washington

      Unique investment property featuring apartments and furnished rooms near Ambler.
      345 Morris Rd, Fort Washington, PA 19034
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,729 SF

      Fort Washington Warehouse Space Available

      11,729 SF warehouse space for lease in Fort Washington.
      500 Maryland Dr, Fort Washington, PA 19034
      View Details
    • Contact for pricing
      1,359 SF

      Prime Fort Washington Retail Space

      Free-standing retail building, 1359 sq ft.
      475 Pennsylvania Ave, Fort Washington, PA 19034
      View Details
    • $22 SF/Yr
      27,030 SF

      Fort Washington Executive Office Suites

      Modern workspace, flexible options, prime location.
      500 Office Center Dr, Fort Washington, PA 19034
      View Details
    • Contact for pricing
      123,651 SF

      Fort Washington Office Building

      Office building for lease in Fort Washington, Pennsylvania.
      600 Office Center Dr, Fort Washington, PA 19034
      View Details
    • Contact for pricing

      Pennsylvania Avenue Commercial Land Parcel

      Commercial land parcel available for sale or lease on Pennsylvania Avenue.
      475 Pennsylvania Ave, Fort Washington, PA 19034
      View Details
    • Contact for pricing
      8,870 SF

      Prime Fort Washington Office Space

      Executive suites, 900-8,870 sq ft available.
      500 Office Center Dr, Fort Washington, PA 19034
      View Details
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    Fort Washington, PA 19034
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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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