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

    2620 Dekalb Pike East Norriton, PA 19401-1865

    • High-rise multifamily apartments
    • 76,846 SF
    • 4.85 lot acres
    OFF-MARKET
    Value Estimations
    $7,690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5427248
    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

    • Norriton East Apartments / Apartment Complex / Apartment Building

    Property Details for 2620 Dekalb Pike

    Year built
    1969
    Lot size
    4.85 lot acres
    Property size
    76,846 SF
    Zone code
    HR
    Property type
    High-rise multifamily apartments
    APN
    33-00-01957-00-8
    APU
    330001957008

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $11,085,000
      Current use
      MEDICAL BUILDING
      $12,110,000
      Change: +9% Conversion: Moderate
      RESTAURANT
      $10,785,000
      Change: -3% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $10,015,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    East Norriton
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.3157
    Latitude
    40.1367
    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
    $108,606
    $0.00
    $0.00
    $2,305,430
    -
    $0.00
    $0.00
    $2,305,430

    Comparable in this City

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      $5,925,000
      45,078 SF

      800 Luxor Ln

      HIGH-RISE APARTMENTS • 45,078 SF
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    • Value Estimation
      $2,990,000
      40,720 SF

      311 Marshall St

      HIGH-RISE APARTMENTS • 40,720 SF
      311 Marshall St, Norristown, PA 19401-4672
      View Details
    • Value Estimation
      $7,460,000
      90,619 SF

      449 Hamilton St

      HIGH-RISE APARTMENTS • 90,619 SF
      449 Hamilton St, Norristown, PA 19401-4364
      View Details
    • Value Estimation
      $1,195,000
      23,441 SF

      611 Swede St

      HIGH-RISE APARTMENTS • 23,441 SF
      611 Swede St, Norristown, PA 19401-3959
      View Details
    • Value Estimation
      $37,065,000
      337,873 SF

      2615 Dekalb Pike

      HIGH-RISE APARTMENTS • 337,873 SF
      2615 Dekalb Pike, East Norriton, PA 19401-1843
      View Details
    • Value Estimation by Request
      416,392 SF

      2801 Stanbridge St

      HIGH-RISE APARTMENTS • 416,392 SF
      2801 Stanbridge St, East Norriton, PA 19401-1608
      View Details

    Similar Nearby for Sale

    • $400,000
      3,352 SF

      Norristown Triplex Renovation Opportunity

      Triplex in Norristown, PA, needing total renovation. Development potential.
      1009 Dekalb St, Norristown, PA 19401
      View Details
    • New
      $259,900
      1,602 SF

      Norristown Duplex with Income Potential

      Duplex in Norristown with separate utilities and income potential.
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    • New
      $259,900
      1,440 SF

      Updated Duplex in Norristown

      Well-maintained duplex with separate utilities, ideal for investors.
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    • $368,900
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      Mixed-Use Commercial Property in Norristown

      Mixed-use property with commercial space and a renovated two-bedroom apartment.
      254 E Main St, Norristown, PA 19401
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    • $410,000
      3,321 SF

      Norristown Triplex Investment Opportunity

      Tenant-occupied triplex with recent renovations, ideal for investors.
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    • New
      $770,000
      7,400 SF

      Norristown Mixed-Use Investment Opportunity

      Four apartments and commercial space in a prime location.
      501 Swede St, Norristown, PA 19401
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    Similar Nearby for Lease

    • Contact for pricing
      8,825 SF

      Northtowne Plaza: Retail Space Available

      Prime Retail Space, East Norriton, PA
      2842 Dekalb Pike, East Norriton, PA 19401
      View Details
    • $26 SF/Yr
      4,734 SF

      Class A Medical Office Space

      Medical and office space for lease with abundant parking.
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    • Contact for pricing
      2,790 SF

      Retail Space on Main Street

      Retail space with high visibility and foot traffic available for lease.
      215 W Main St, Norristown, PA 19401
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Germantown Pike

      Retail opportunity with strong demographics and traffic counts.
      113 W Germantown Pike, Norristown, PA 19401
      View Details
    • $1,395 /Mo
      436 SF

      Turnkey Commercial Space in Norristown

      Revitalized commercial property ideal for retail, office, or financial services.
      524 Dekalb St, Norristown, PA 19401
      View Details
    • Contact for pricing
      54,380 SF

      Hillcrest Plaza: Medical Office Space

      Prime East Norriton Medical Office Suites
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      View Details
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    East Norriton, PA 19401-1865
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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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