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Property profile & analytics
FOR LEASE
Office Spaces
2991 Swede Rd Norristown, PA 19401
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0596299
For Lease
1 / 3
Contact for pricing
2991 Swede Rd, Norristown, PA 19401
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1970
Total area
6,568 SF
Lot
0.16 ac (7,024 SF)
Zoning code
SC
APN
33-00-03316-02-6
UPID
US73-0596299
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Just Tires (Bike/Boat/Book/etc) Store Auto Parts Store
-
Goodyear Auto Service (Bike/Boat/Book/etc) Store Auto Parts Store
-
Goodyear Auto Center (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dk Swede LLC · 3 yrs held
Dk Swede LLC
since 2022
Last sale
$22.6M
6 recorded transactions
Zoning & alternative use
SC · East Norriton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norristown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,516
Tax year 2023
Assessed value
$541,660
Assessed 2024
Previous assessed
$541,660
+0.0% YoY
Effective rate
4.71%
On assessed value
Total market value
$541,660
Applied tax rate
33.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
Year built
1970
Heating
HEAT PUMP
Cooling
CENTRAL
Total area
6,568 SF
Lot
0.16 ac (7,024 SF)
Zoning code
SC
APN
33-00-03316-02-6
UPID
US73-0596299
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
SC · East Norriton, PA
Zoning SC · permitted uses
SC · East Norriton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Norriton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
HEAT PUMP
Cooling
Yes
Lot
0.16 ac
Current owner
From public records · entity-resolved
Dk Swede LLC
Entity
Mailing address
1777 REISTERSTOWN RD STE #165, BALTIMORE, MD 21208-6419
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2022
$22,636,000
Dk Swede LLC
Swede Square Associates LLC
Special Warranty Deed
$88,000,000 · United Bank
Oct 29, 2010
—
Square Condo Assn Swede
Swede Square Associates LLC
Quit Claim Deed
related
$10,600,000 · Citigroup Global Markets Realt
Nov 12, 2009
—
Swede Square Associates
—
Deed Of Trust
related
$400,000,000 · Bank Of America
Jul 3, 2008
—
Swede Square Associates
—
Deed Of Trust
related
$7,540,000 · Bank Of America
Mar 9, 2004
—
Fleet Nat Bk
Swede Square LLC G
Grant Deed
related
—
Aug 13, 2003
$4,901,500
Swede Square Assocs
Genuardi G & Son I
Grant Deed
$7,540,000 · Rait Part LP
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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