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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3190 Tremont Ave Trevose, PA 19053

    • Medical offices
    • 69,500 SF
    • 6.18 lot acres
    For Lease
    View listing
    $9 SF/Yr
    Last Sale
    Apr 06, 2022
    $4,100,000
    Value Estimations
    $4,200,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0125645
    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

    • Merakey / Social Service Agency / Charitable Organization

    Property Details for 3190 Tremont Ave

    Year built
    1975
    Lot size
    6.18 lot acres
    Property size
    69,500 SF
    Zone code
    M1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    02-008-019
    APU
    2008019

    Description

    This exceptional industrial property, located at 3190 Tremont Avenue in Feasterville-Trevose, Pennsylvania (zip code 19053), offers a versatile range of spaces ideal for manufacturing, flex, warehouse, distribution, or R&D operations. The single, two-story building encompasses 69,500 square feet, with units divisible down to a minimum of 10,000 square feet, allowing for flexibility to accommodate businesses of various sizes. The property features a 12-foot ceiling height, providing ample vertical space for storage and operations. Loading and unloading are facilitated by two dock-high doors and one loading dock. Extensive parking is available with 420 spaces. The property sits on 6.18 acres of land and is classified as Class B. Built in 1975, the building includes seven suites and boasts an elevator for convenient multi-level access. Outside storage space is also available. The property is zoned LI and situated in the Lower Bucks County submarket within the Suburban Philadelphia cluster, offering excellent access to major transportation routes. This is a multi-tenant building with flexible lease terms. The property's Building Floor Area Ratio (FAR) is 0.26.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,975,000
      ML approach
      $4,285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,534,000
      Market price range: $4.53M - $14.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Feasterville Trevose
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.9762
    Latitude
    40.1384
    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
    2024
    $94,122
    $94,200
    $336,960
    $431,160
    -
    $1,290,405
    $4,615,870
    $5,906,275

    Comparable in this City

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      View Details
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      1710 Prospect Ave

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    • Value Estimation by Request
      1,248 SF

      4869 St Rd

      MEDICAL BUILDING • 1,248 SF
      4869 St Rd, Feasterville Trevose, PA 19053-6647
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    • Value Estimation
      $880,000
      4,448 SF

      4753 St Rd

      MEDICAL BUILDING • 4,448 SF
      4753 St Rd, Trevose, PA 19053-6649
      View Details
    • Value Estimation by Request
      1,580 SF

      1820 Bridgetown Pike

      MEDICAL BUILDING • 1,580 SF
      1820 Bridgetown Pike, Feasterville Trevose, PA 19053-2356
      View Details
    • Value Estimation by Request
      0.36 Acres

      1629 Bridgetown Pike

      MEDICAL BUILDING • 0.36 Acres
      1629 Bridgetown Pike, Feasterville Trevose, PA 19053-4218
      View Details

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      Prime Bucks County development site, 0.99 acres.
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    Similar Nearby for Lease

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      14,864 SF

      Tremont Avenue Office Space Available

      Office building with space available for lease in Trevose.
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      Modern, updated office condos available for immediate lease in Feasterville.
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    • Contact for pricing
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      Office space available for lease.
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      Professional office building with modern amenities and flexible lease terms.
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      View Details
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    Trevose, PA 19053
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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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