Individually Owned 
For Lease
1 / 11
$950/Mo
311 Ryers Ave, Cheltenham, PA 19012
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Property summary
AI-generated overview
This exceptional 380 sq ft retail or office space in Cheltenham Township, PA is immediately available. Located at 311 Ryers Ave, this newly renovated (2022) property boasts an open floor plan with street-facing glass and a front entrance. The building, a three-story Class B structure built in 1964, offers a total of 4,356 sq ft on a 9,100 sq ft lot. Five parking spaces are available, with street parking also an option. The property is zoned MU2 - Mixed Use District, allowing for a variety of permitted uses. Its prime location offers easy access to major commuter routes, including Route 1, Route 73, Route 611, and I-95. The area is rich with amenities and other retailers. This single-tenant space is perfect for a business seeking a convenient and accessible location in a thriving neighborhood. The property's address is in Cheltenham, Montgomery County, PA, 19012, and is situated near the Philadelphia city line, bordering Northeast Philadelphia. This is a fantastic opportunity for a business looking for a newly renovated space with excellent visibility and convenient access to major transportation arteries.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1964
Total area
4,356 SF
Lot
0.21 ac (9,100 SF)
Zoning code
C3
APN
31-00-23947-00-7
UPID
US73-5808915
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Real Estate Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$350k
Owner & transaction history
since 2021
Last sale
$320,000
1 recorded transaction
Zoning & alternative use
C3 · Cheltenham, PA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 34 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$350k
Value range
$315k – $385k
±10% around blend
Estimated value / SF
$80 / SF
Confidence
High
34 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$315k
blend $350k
$385k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,356 SF
Lot area
0.21 ac
Year built
1964
Stories
2
APN
31-00-23947-00-7
Zoning
C3
Assessed value
$170,860
Annual tax
$11,412
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$11,412
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$460k
Weighted, 20 comps · high confidence
Evidence
34 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.8 mi away · 4,230 SF
3.4 mi away · 3,346 SF
3.6 mi away · 5,258 SF
3.8 mi away · 4,176 SF
3.8 mi away · 3,642 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$350k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 1037 sales
$108
-25%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $80/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 34 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$103k
Move the market yield to see immediate price impact.
Value / SF
$24
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$7k
$130k
$93k
$72k
$7k
$145k
$103k
$80k
$8k
$159k
$114k
$89k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
34 found
High confidence · county-verified
Closest comparable
$369k
0.1 mi · Feb 2026 · $90/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,412
Tax year 2023
Assessed value
$170,860
Assessed 2024
Previous assessed
$170,860
+0.0% YoY
Effective rate
6.68%
On assessed value
Assessed land
$47,900
Assessed improvement
$122,960
Land market value
$47,900
Improvement market value
$122,960
Total market value
$170,860
Applied tax rate
31.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1964
Heating
HOT WATER
Cooling
NONE
Stories
2
Rooms
14
Bathrooms
4
Total area
4,356 SF
Lot
0.21 ac (9,100 SF)
Zoning code
C3
APN
31-00-23947-00-7
UPID
US73-5808915
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C3 · Cheltenham, PAZoning C3 · permitted uses
C3 · Cheltenham, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1964
Heating
HOT WATER
Cooling
Yes
Stories
2
Rooms
14
Bathrooms
4
Lot
0.21 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C3
Jurisdiction
Cheltenham, PA
Recorded code
C3
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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