3300 Dekalb Pike Norristown, PA 19401
Property profile & analytics
3300 Dekalb Pike, Norristown, PA 19401
- Outlet malls
- 13,650 SF
- 2.09 lot acres
Property ID
US73-5913816
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.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- COVID-19 Drive-thru Testing at Walgreens / Pharmacy
- FedEx OnSite / Postal Service / Courier Service
- Walgreens Pharmacy / Pharmacy
- Walgreens / Pharmacy
Property Details for 3300 Dekalb Pike
- Year built
- 2006
- Lot size
- 2.09 lot acres
- Property size
- 13,650 SF
- Zone code
- AR
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 33-00-01849-00-8
- APU
- 330001849008
Description
This exceptional investment opportunity presents a freestanding Walgreens pharmacy located at 3300 Dekalb Pike in Norristown, Pennsylvania. The property boasts a 13,650 square foot building on a 2.09-acre lot, constructed in 2006. It features an absolute NNN lease structure, eliminating all landlord responsibilities. The current lease with Walgreens, a highly reputable tenant, commenced April 12, 2006, and expires April 30, 2031, with ten 5-year renewal options. The property enjoys 100% occupancy, generating a strong net operating income (NOI) of $455,000, resulting in an attractive 8.15% cap rate. The asking price is $5,580,000. This prime location benefits from high traffic counts (over 36,000 vehicles daily on Dekalb Pike and E Township Line Rd.), a dense population (over 175,000 people within a 5-mile radius), and a high average household income (over $128,000 within 1 mile). Projected population growth within a 1-mile radius is 4.37% over the next 5 years, further enhancing the long-term value of this investment. The property's proximity to Philadelphia (approximately 20 miles) adds to its strategic appeal. This is a rare opportunity to acquire a stable, high-performing retail asset with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,660,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,462,000
Market price range: $1.49M - $5.46M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- East Norriton
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.3075
- Latitude
- 40.1478
- 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
$141,327
$0.00
$0.00
$3,000,000
-
$0.00
$0.00
$3,000,000
