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    Property profile & analytics

    2980 Advance Ln Colmar, PA 18915-9727

    • Warehouses
    • 15,029 SF
    • 2.06 lot acres
    OFF-MARKET
    Value Estimations
    $1,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4395961
    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

    • Chesterton Manor / (Bike/Boat/Book/etc) Store

    Property Details for 2980 Advance Ln

    Year built
    1969
    Lot size
    2.06 lot acres
    Property size
    15,029 SF
    Zone code
    LI
    Property type
    Warehouses
    APN
    35-00-00004-01-5
    APU
    350000004015

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,404,000
      Market price range: $852k - $2.03M
      AI Estimate
      $604,000
      Market price range: $373k - $794k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,380,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Colmar
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2578
    Latitude
    40.2762
    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
    $22,742
    $0.00
    $0.00
    $568,000
    -
    $0.00
    $0.00
    $568,000

    Comparable in this City

    • Value Estimation
      $1,955,000
      20,800 SF

      2975 Advance Ln

      WAREHOUSE, STORAGE • 20,800 SF
      2975 Advance Ln, Colmar, PA 18915-9765
      View Details
    • Value Estimation by Request
      2,092 SF

      650 Bethlehem Pike

      WAREHOUSE, STORAGE • 2,092 SF
      650 Bethlehem Pike, Colmar, PA 18915-9760
      View Details
    • Value Estimation
      $1,110,000
      27,197 SF

      927 Bethlehem Pike

      WAREHOUSE, STORAGE • 27,197 SF
      927 Bethlehem Pike, Colmar, PA 18915-9435
      View Details
    • Value Estimation
      $2,375,000
      68,450 SF

      272 Bethlehem Pike

      MINI-WAREHOUSE, STORAGE • 68,450 SF
      272 Bethlehem Pike, Colmar, PA 18915-9761
      View Details
    • Value Estimation
      $4,395,000
      52,500 SF

      94 County Line Rd

      WAREHOUSE, STORAGE • 52,500 SF
      94 County Line Rd, Colmar, PA 18915-9619
      View Details
    • Value Estimation
      $1,435,000
      143 SF

      3251 Trewigtown Rd

      BULK STORAGE, TANKS • 143 SF
      3251 Trewigtown Rd, Colmar, PA 18915
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,700 SF

      Industrial Property with Expansion Potential

      37,000 SF industrial property with 15,000 SF expansion capability.
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    • $1,499,000
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      Commercial Building in Victorian Village

      Retail property with high traffic exposure in Colmar, Pennsylvania.
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      1.05 Acres

      Colmar Office Space: Prime Location

      Convenient office, 3 parking spots, utilities included.
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    • $3,550,000
      Pending

      Colmar Commercial Property for Sale

      Commercial property available for sale in Colmar, Pennsylvania.
      252 Bethlehem Pike, Colmar, PA 18915
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    • $3,550,000
      2.82 Acres

      Prime Colmar Mixed-Use Property

      2.82 Acres, $3.55M, Investment Opportunity
      252 Bethlehem Pike, Colmar, PA 18915
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      Prime Hatfield location, 3300 sq ft, 1.17 acres.
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    Similar Nearby for Lease

    • Contact for pricing
      21,822 SF

      Colmar Warehouse Space Available

      Warehouse space available with loading docks and drive-in door.
      94 County Line Rd, Colmar, PA 18915
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    • Contact for pricing
      53,755 SF

      Colmar Warehouse Space Available

      53,755 SF warehouse space for lease in Colmar, PA.
      92 County Line Rd, Colmar, PA 18915
      View Details
    • Contact for pricing
      500 SF

      Colmar Office Space Available

      Second floor office space for lease on Bethlehem Pike.
      808 Bethlehem Pike, Colmar, PA 18915
      View Details
    • $17 SF/Yr
      9,717 SF

      Colmar Office Space: 9,717 SF

      Prime Colmar office, ample parking, ideal for small business.
      840 Bethlehem Pike, Colmar, PA 18915
      View Details
    • Contact for pricing
      5,000 SF

      Retail/Office Space on Bethlehem Pike

      Located on Bethlehem Pike, suitable for retail, office, or flex.
      285 Bethlehem Pike, Colmar, PA 18915
      View Details
    • $10,000 /Mo
      63,598 SF

      Commercial Space on Bethlehem Pike

      Versatile 4,000 sq ft commercial space for rent.
      160 Bethlehem Pike, Colmar, PA 18915
      View Details
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    2980 Advance Ln
    Colmar, PA 18915-9727
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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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