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

    3355 Rdg Pike Norristown, PA 19403-1404

    • Investment properties
    • 7,705 SF
    • 1.86 lot acres
    OFF-MARKET
    Value Estimations
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5643251
    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

    • Cathy's Capezio Dancewear and Footwear / Dance Store / Music Store
    • GiGi's Consignment And More / Discount Store / (Bike/Boat/Book/etc) Store
    • Conservatory of Music and Dance Eagleville / Training Center
    • KSTG / Television Studio / Media Distribution

    Property Details for 3355 Rdg Pike

    Year built
    1963
    Lot size
    1.86 lot acres
    Property size
    7,705 SF
    Zone code
    VC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    43-00-12031-00-4
    APU
    430012031004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $643,000
      Market price range: $643k - $1.27M
      AI Estimate
      $424,000
      Market price range: $389k - $931k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $925,000
      Current use
      RESTAURANT
      $1,080,000
      Change: +17% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,005,000
      Change: +9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Norristown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.4119
    Latitude
    40.1627
    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
    $9,198
    $58,580
    $166,930
    $225,510
    -
    $58,580
    $166,930
    $225,510

    Comparable in this City

    • Value Estimation by Request
      2,891 SF

      2830 Rdg Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 2,891 SF
      2830 Rdg Pike, Norristown, PA 19403-1533
      View Details
    • Value Estimation
      $850,000
      7,705 SF

      3019-3021 Germantown Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 7,705 SF
      3019-3021 Germantown Pike, Norristown, PA 19403
      View Details
    • Value Estimation by Request
      3,184 SF

      505 Germantown Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 3,184 SF
      505 Germantown Pike, East Norriton, PA 19403-4231
      View Details
    • Value Estimation
      $550,000
      4,168 SF

      236 Egypt Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,168 SF
      236 Egypt Rd, West Norriton, PA 19403-3402
      View Details
    • Value Estimation by Request
      4,214 SF

      1555 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,214 SF
      1555 Main St, West Norriton, PA 19403-3276
      View Details
    • Value Estimation by Request
      7,246 SF

      542 Trooper Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 7,246 SF
      542 Trooper Rd, West Norriton, PA 19403-4536
      View Details

    Similar Nearby for Sale

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      0.59 Acres

      Mixed-Use Property, Norristown, PA

      Prime Norristown location, high visibility, ample parking.
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    • $40,000

      Residential Lot in Established Neighborhood

      5,625 SF lot for new home construction.
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      Prime Norristown Office Building

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      6,325 SF

      Industrial Building on Fenced Lot

      6,325 SF building on 1.29 acre fenced lot.
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    • $500,000
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      Norristown Commercial Revitalization District Property

      Commercial property in Norristown's Revitalization District with high traffic.
      1445 W Main St, Norristown, PA 19403
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    • Contact for pricing
      1.27 Acres

      Norristown Office Space for Lease

      Second-floor office, 500 sq ft, great location.
      3120 Ridge Pike, Norristown, PA 19403
      View Details

    Similar Nearby for Lease

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      3,200 SF

      Retail Building Near Medical Center

      Freestanding retail building with ample parking and great visibility.
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    • $20 SF/Yr
      500 SF

      Norristown Office Space For Rent

      Second floor office space available in Norristown, Pennsylvania.
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      17,879 SF

      Norristown Flex Space Available

      Flex space suitable for light industrial, distribution, or showroom.
      1012 W Germantown Pike, Norristown, PA 19403
      View Details
    • Contact for pricing
      20,262 SF

      Norristown Office/Flex Space For Rent

      Class A office/flex space with modern amenities and loading dock.
      2500 Monroe Blvd, Norristown, PA 19403
      View Details
    • $1,650 /Mo
      1,650 SF

      Norristown Office Space For Rent

      Professional office space in a convenient location near major routes.
      2525 W Main St, Norristown, PA 19403
      View Details
    • Contact for pricing
      20,000 SF

      Norristown Warehouse Space Available

      20,000 sqft warehouse space for rent in Norristown.
      2564 Boulevard Of The Generals, Norristown, PA 19403
      View Details
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    Norristown, PA 19403-1404
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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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