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

    261 Old York Rd Jenkintown, PA 19046

    • Office Properties & Spaces
    • 712,403 SF
    • 7.28 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2462859
    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

    • Office Properties & Spaces

    Property Details for 261 Old York Rd

    Year built
    1968
    Lot size
    7.28 lot acres
    Property size
    712,403 SF
    Zone code
    PB
    Property type
    Office Properties & Spaces
    APN
    30-00-49664-00-4
    APU
    300049664004

    Description

    The Pavilion, located at 261 Old York Road in Jenkintown, Pennsylvania, presents a unique investment opportunity. This meticulously maintained, ten-story mixed-use building offers a diverse range of customizable spaces, ideal for a variety of businesses. Available spaces range from 500 to 90,000 square feet, catering to both small startups and large corporations. The building is perfectly situated in the heart of Jenkintown, providing excellent accessibility and visibility. For larger tenants, entire floors of 30,000 square feet are available for lease. The property sits on a substantial 7.28-acre lot, offering ample parking and potential for future expansion. Adding to its convenience, a complimentary shuttle service is provided to and from the SEPTA Jenkintown-Wyncote Regional Rail Train Station, ensuring easy commutes for employees and clients. On-site management ensures efficient building operations and tenant satisfaction. This is a rare opportunity to secure prime office space in a thriving Jenkintown location with exceptional amenities and convenient transportation links. The building's mixed-use nature also provides opportunities for synergistic partnerships and a vibrant work environment. Inquire today to explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $67,293,000
      Market price range: $67.3M - $180M
      AI Estimate
      $55,973,000
      Market price range: $56.0M - $222M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $99,995,000
      APARTMENT HOUSE (5+ UNITS)
      $99,015,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Jenkintown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.1247
    Latitude
    40.0902
    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
    $853,690
    $0.00
    $0.00
    $18,434,250
    -
    $0.00
    $0.00
    $18,434,250

    Comparable in this City

    • Value Estimation by Request
      175 SF

      305 York Rd, Unit 3-B

      CONDOMINIUM OFFICES • 175 SF
      305 York Rd, Jenkintown, PA 19046-3249
      View Details
    • Value Estimation by Request
      369 SF

      100 Ww Ave Ste 912s

      CONDOMINIUM OFFICES • 369 SF
      100 Ww Ave Ste 912s, Jenkintown, PA 19046-2642
      View Details
    • Value Estimation by Request
      84,210 SF

      101 West Ave

      Office Properties & Spaces • 84,210 SF
      101 West Ave, Jenkintown, PA 19046
      View Details
    • Value Estimation by Request
      680 SF

      309 Florence Ave Ste 907n

      CONDOMINIUM OFFICES • 680 SF
      309 Florence Ave Ste 907n, Jenkintown, PA 19046-2613
      View Details
    • Value Estimation
      $505,000
      1,900 SF

      815 Greenwood Ave, Unit B-4

      CONDOMINIUM OFFICES • 1,900 SF
      815 Greenwood Ave, Jenkintown, PA 19046-2800
      View Details
    • Value Estimation by Request
      1,165 SF

      100 Ww Ave Ste 905s

      CONDOMINIUM OFFICES • 1,165 SF
      100 Ww Ave Ste 905s, Jenkintown, PA 19046-2642
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.18 Acres

      Prime Jenkintown Office Space

      Four Offices, 1.18 Acres, Parking Included
      145 Rockledge Ave, Jenkintown, PA 19046
      View Details
    • Contact for pricing
      7.28 Acres

      Jenkintown Office Building Opportunity

      Prime Jenkintown Office Space Available
      261 Old York Rd, Jenkintown, PA 19046
      View Details
    • New
      $795,000
      5,200 SF

      Prime Jenkintown Borough Commercial Property

      Two-story office building with high visibility and private parking.
      106 York Rd, Jenkintown, PA 19046
      View Details
    • Contact for pricing
      99,485 SF

      Jenkintown Plaza Office Building

      Multi-tenanted office building near Jenkintown-Wyncote train station.
      101 Greenwood Ave, Jenkintown, PA 19046
      View Details
    • Contact for pricing
      1,947 SF

      Retail Space on Old York Road

      Retail space with high visibility and accessibility near major routes.
      455 Old York Rd, Jenkintown, PA 19046
      View Details
    • $1,500,000
      1.31 Acres

      Jenkintown Commercial Property - 1.3 Acres

      Versatile Commercial Property, 5000+ sq ft
      616 Meetinghouse Rd, Jenkintown, PA 19046
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      3,330 SF

      Former Bank Location on Route 611

      Former bank location with on-site parking and excellent signage.
      509-515 Old York Rd, Jenkintown, PA 19046
      View Details
    • Contact for pricing
      16,325 SF

      Jenkintown Premier Office Park Space

      Class A office space available in Jenkintown, Pennsylvania.
      165 Township Line Rd, Jenkintown, PA 19046
      View Details
    • New
      $3,499 /Mo
      6,098 SF

      Versatile Commercial Space on Huntingdon Pike

      Highly visible commercial property suitable for various professional uses.
      805 Huntingdon Pike, Jenkintown, PA 19046
      View Details
    • Contact for pricing
      2,413 SF

      Jenkintown Office Building For Rent

      Three-story office building with recent renovations and ample parking.
      101 West Ave, Jenkintown, PA 19046
      View Details
    • Contact for pricing
      1,118 SF

      Jenkintown Landmark Building with Parking

      Office suites available in a highly accessible landmark building.
      115 West Ave, Jenkintown, PA 19046
      View Details
    • $1,875 /Mo
      114,998 SF

      Updated Mixed-Use Space in Jenkintown

      Updated 1,368 sq ft mixed-use space for lease.
      439 Baeder Rd, Jenkintown, PA 19046
      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.
    261 Old York Rd
    Jenkintown, PA 19046
    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.