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

    340 York Rd Hatboro, PA 19040

    • Investment properties
    • 2,790 SF
    • 0.24 lot acres
    For Sale
    View listing
    $574,000
    Last Sale
    Dec 13, 2024
    $522,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0624713
    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

    • Nu-Life Cleaners Inc / (Bike/Boat/Book/etc) Store

    Property Details for 340 York Rd

    Year built
    1955
    Lot size
    0.24 lot acres
    Property size
    2,790 SF
    Zone code
    RC2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    08-00-06718-00-6
    APU
    80006718006

    Description

    This exceptional 2,800 square foot, single-story commercial building presents a remarkable opportunity in the thriving Hatboro retail corridor. Strategically located at the gateway to Hatboro, this property enjoys high visibility at the signalized intersection of Route 263 and Horsham Road. Situated in the densely populated Philadelphia suburb of Hatboro-Horsham, the building benefits from a strong local customer base and proximity to numerous other retailers and businesses. Its convenient location is further enhanced by its close proximity to Hatboro's SEPTA station (less than 0.05 miles) and the PA Turnpike Willow Grove Interchange (approximately 2 miles). The building itself features 12-foot high ceilings and offers ample parking for eight vehicles on a 10,300 square foot lot. Previously occupied by a dry cleaner, the property is being sold "as-is," offering a blank canvas for a wide range of business ventures. This is an ideal investment for business owners or investors seeking a high-traffic location in a bustling borough. The motivated seller invites inquiries and encourages immediate viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hatboro
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.1096
    Latitude
    40.1723
    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
    $10,495
    $173,570
    $43,040
    $216,610
    -
    $173,570
    $43,040
    $216,610

    Comparable in this City

    • Value Estimation
      $650,000
      9,204 SF

      35 York Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 9,204 SF
      35 York Rd, Hatboro, PA 19040-3231
      View Details
    • Value Estimation by Request
      1,944 SF

      2515 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,944 SF
      2515 Easton Rd, Hatboro, PA 19040-4467
      View Details
    • Value Estimation by Request
      2,427 SF

      461 Warminster Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,427 SF
      461 Warminster Rd, Hatboro, PA 19040-2201
      View Details
    • Value Estimation
      $1,085,000
      12,329 SF

      335 York Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 12,329 SF
      335 York Rd, Hatboro, PA 19040-3417
      View Details
    • Value Estimation
      $510,000
      4,121 SF

      34 York Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,121 SF
      34 York Rd, Hatboro, PA 19040-3326
      View Details
    • Value Estimation by Request
      3,124 SF

      44 York Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,124 SF
      44 York Rd, Hatboro, PA 19040-3326
      View Details

    Similar Nearby for Sale

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      Hatboro Retail Building - Great Location!

      Prime Hatboro retail space, 2,800 sq ft, ample parking.
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    Similar Nearby for Lease

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      1,300 SF

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      Hatboro Manufacturing and Warehouse Space

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    • Contact for pricing
      9,500 SF

      Hatboro Office Space for Lease

      Prime Hatboro Office, Multiple Suites Available
      331 York Rd, Hatboro, PA 19040
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    • $1.00 SF/Yr

      Spacious Office Building in Hatboro

      Spacious building in the heart of Hatboro Borough for lease.
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    • $1,900 /Mo

      Luxury Loft Apartment Available Now

      Modern lofts in Hatboro, steps from train station and shops.
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      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Near Hatboro Station

      Retail property within walking distance to public transportation.
      21-23 N York Rd, Hatboro, PA 19040
      View Details
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    340 York Rd
    Hatboro, PA 19040
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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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