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    2620 Egypt Rd Norristown, PA 19403-2302
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    Property profile & analytics

    2620 Egypt Rd Norristown, PA 19403-2302

    View on Map
    • Commercial real estate
    • 8.90 lot acres
    Off-Market
    Property ID
    US73-4018709
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Audubon Land Development Corporation / Construction Company / General Contractor
    • Providence Real Estate / Real Estate Agency
    • Oaks Mills Inc / Financial Advisor

    Property Details for 2620 Egypt Rd

    Year built
    1930
    Lot size
    8.90 lot acres
    Zone code
    GC
    Property type
    Commercial real estate
    APN
    43-00-03555-03-8
    APU
    430003555038

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Norristown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.4071
    Latitude
    40.1285
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $730,000
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      3233 Rdg Pike

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    • Value Estimation
      $505,000
      7,514 SF

      14 Orch Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 7,514 SF
      14 Orch Ln, West Norriton, PA 19403-3177
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    • Value Estimation by Request
      484 SF

      Shannondell Blvdce

      COMMON AREA (COMMERCIAL) • 484 SF
      Shannondell Blvdce, Norristown, PA 19403
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    • Value Estimation by Request
      7.69 Acres

      Rittenhouse Rd

      COMMON AREA (COMMERCIAL) • 7.69 Acres
      Rittenhouse Rd, Norristown, PA 19403
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    • Value Estimation by Request
      3.07 Acres

      Blvd Of The Generals

      COMMON AREA (COMMERCIAL) • 3.07 Acres
      Blvd Of The Generals, Norristown, PA 19403
      View Details
    • Value Estimation by Request
      13.45 Acres

      Trooper Rd

      COMMON AREA (COMMERCIAL) • 13.45 Acres
      Trooper Rd, Norristown, PA 19403
      View Details

    Similar Nearby for Sale

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      Mixed-Use Property with High Traffic

      Mixed-use commercial property with daycare, apartments, and parking.
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    • $149,900
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      Private Lot in East Norriton

      0.76-acre flag lot ideal for a custom home build.
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    • New
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      Residential Development Land, Norristown, PA

      Residential development site for 7 single-family homes.
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      1.76 Acres

      Prime Norristown Office Building

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      6,325 SF

      Industrial Building on Fenced Lot

      6,325 SF building on 1.29 acre fenced lot.
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    • $500,000
      6,867 SF

      Norristown Commercial Revitalization District Property

      Commercial property in Norristown's Revitalization District with high traffic.
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    Similar Nearby for Lease

    • Contact for pricing

      Eagleville Office/Retail Space Available

      Office/retail space available in a high-visibility location.
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      Single Story Office Building ForRent

      Single story office building with full basement, monument signage.
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    • $22 SF/Yr

      Renovated Office Space For Rent

      Newly renovated office space with flexible layout and ample parking.
      29 S Trooper Rd, Eagleville, PA 19403
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    • Contact for pricing
      4,180 SF

      Norristown Office Space for Rent

      Two-story office building near Valley Forge with attractive interior finishes.
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      20,000 SF

      Norristown Warehouse Space Available

      20,000 sqft warehouse space for rent in Norristown.
      2564 Boulevard Of The Generals, Norristown, PA 19403
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    • Contact for pricing

      Flex Warehouse Space For Rent

      Flex/warehouse/light distribution space with 20’ ceiling heights.
      529 Foundry Rd, Norristown, PA 19403
      View Details
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    Norristown, PA 19403-2302
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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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    2620 Egypt Rd, Norristown, PA, 19403
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