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    301 Lewis Rd Royersford, PA 19468-1531
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    Property profile & analytics

    301 Lewis Rd, Royersford, PA 19468-1531

    View on Map
    • Strip malls
    • 60,339 SF
    • 5.52 lot acres
    Off-Market
    Property ID
    US73-0144158
    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
    $3,620,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 301 Lewis Rd

    Year built
    1969
    Lot size
    5.52 lot acres
    Zone code
    R3
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    37-00-01657-00-7
    APU
    370001657007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 6, 2024 — Autozone Development LLC Parktwon Partnership Lease —
    Apr 18, 2024 $668,000 Fortunata Realty LLC Citi Realty LLC Special Warranty Deed —
    Jun 15, 2020 $510,000 Citi Realty LLC Rowan George H Trust Grant Deed —
    Jun 15, 2020 — Rowan,janice M Trust Rowan G & J F/tr Quitclaim Deed · related —
    Apr 11, 2017 — Park Town Ptshp LP — Deed · related $700k · Insurance Eugene D L Tr(it)
    Mar 5, 2007 — Park Town Ptshp — Deed Of Trust · related $4M · Column Financial INC
    Mar 3, 2004 — Family Dollar Stores Pa INC Dinnocenti,eugene Grant Deed · related —
    — — Park Town Ptshp LP — Deed Of Trust · related $700k · Insurance Eugene D L Tr(it)
    — — Park Town Partnership — Deed Of Trust · related $3.2M · Gmac Commercial Mortgage Corp

    Description

    Park Town Plaza Shopping Center, located at 301 N. Lewis Road, Royersford, Pennsylvania 19468, presents a unique investment opportunity. This single-story, R3-zoned strip center sits on an expansive 8-acre lot. Currently, three retail spaces are available for lease, ranging in size from 0 square feet to a generous 5,221 square feet, offering flexibility for various business needs. The property's prime location in Royersford provides excellent visibility and accessibility for potential tenants. The flexible space allows for customization to suit a variety of retail or office uses. The ample lot size provides ample parking for customers and employees. This property is ideal for investors seeking a strong foothold in the thriving Royersford market. The R3 zoning allows for a range of commercial uses, enhancing the property's long-term value and potential for future development. Interested parties are encouraged to inquire for further details and leasing information. The property's location offers convenient access to major roadways, ensuring high traffic flow and visibility for businesses operating within the center. This presents a compelling opportunity for businesses seeking a well-situated retail space in a growing community.

    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
    Royersford
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.5345
    Latitude
    40.1932
    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
    $94,303
    $0.00
    $0.00
    $2,438,800
    -
    $0.00
    $0.00
    $2,438,800

    Comparable in this City

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      124,079 SF

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    • Value Estimation
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      37,662 SF

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      771 Walnut St

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      & RT 422 Township Line Rd

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      134,334 SF

      70 Buckwalter Rd

      MINI-MALL
      70 Buckwalter Rd, Royersford, PA 19468-1846
      View Details
    • Value Estimation by Request
      2,592 SF

      70 Buckwalter Rd, Unit PAD1

      MINI-MALL
      70 Buckwalter Rd, Linfield, PA 19468-1846
      View Details

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      27,758 SF

      Creative Office/Medical/Flex Space Available

      Suites available, tenant improvements, signage opportunity, parking.
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      4.4 acres of commercial land with high traffic frontage.
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    Similar Nearby for Lease

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      Retail space available in Royersford, PA, anchored by Giant Food.
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      Retail Space in Royersford Corridor

      Retail spaces available in high-income Royersford/Limerick market.
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      Retail or Medical Space Available

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      10,799 SF

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      Two-story commercial property in Limerick Township with high visibility.
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    301 Lewis Rd
    Royersford, PA 19468-1531
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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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