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    350 Brooke Dr Royersford, PA 19468-1850
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    Property profile & analytics

    350 Brooke Dr, Royersford, PA 19468-1850

    View on Map
    • Garden apartment buildings
    • 271,556 SF
    • 38.87 lot acres
    Off-Market
    Last Sale Jan 23, 2020
    Property ID
    US73-2890494
    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.
    Value Estimations
    $38,065,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 350 Brooke Dr

    Year built
    1997
    Lot size
    38.87 lot acres
    Zone code
    R4
    Property type
    Garden apartment buildings
    APN
    37-00-00337-00-4
    APU
    370000337004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 17, 1997 — Walnut Crossing Assoc — Deed Of Trust · related $1M · Corestates Bank
    — — Walnut Crossing Associates — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $52,024,000
      Market price range: $21.6M - $52.0M
      AI Estimate
      $24,100,000
      Market price range: $7.94M - $24.1M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $37,745,000
      Current use
      OFFICE BUILDING
      $44,430,000
      Change: +18% Conversion: Moderate
      MEDICAL BUILDING
      $42,805,000
      Change: +13% Conversion: Moderate
      RESTAURANT
      $38,115,000
      Change: +1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $35,395,000
      Change: -6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $31,540,000
      Change: -16% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Royersford
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.5217
    Latitude
    40.2006
    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
    $595,094
    $0.00
    $0.00
    $15,390,000
    -
    $0.00
    $0.00
    $15,390,000

    Comparable in this City

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      $37,615,000
      268,366 SF

      151 Holly Dr

      GARDEN APT, COURT APT (5+ UNITS)
      151 Holly Dr, Royersford, PA 19468-3441
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    • Value Estimation
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      407,301 SF

      4107 Diamond Pl

      GARDEN APT, COURT APT (5+ UNITS)
      4107 Diamond Pl, Royersford, PA 19468-2280
      View Details
    • Value Estimation
      $7,345,000
      75,464 SF

      50 Keokuk Rd

      GARDEN APT, COURT APT (5+ UNITS)
      50 Keokuk Rd, Royersford, PA 19468-3039
      View Details
    • Value Estimation
      $2,130,000
      26,544 SF

      25 5th Ave

      GARDEN APT, COURT APT (5+ UNITS)
      25 5th Ave, Royersford, PA 19468-2060
      View Details
    • Value Estimation
      $4,930,000
      45,388 SF

      1109 4th Maples Ct

      GARDEN APT, COURT APT (5+ UNITS)
      1109 4th Maples Ct, Limerick, PA 19468-3474
      View Details
    • Value Estimation
      $36,140,000
      316,623 SF

      100 Hunsberger Dr

      GARDEN APT, COURT APT (5+ UNITS)
      100 Hunsberger Dr, Limerick, PA 19468-4327
      View Details

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      Royersford Multifamily Portfolio Opportunity

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      Royersford Multifamily Portfolio Opportunity

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      Pending

      Prime Commercial Land in Limerick

      Large commercial parcel ideal for development with frontage on Ridge Pike.
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      View Details
    • $9,330,000
      37.32 Acres

      Limerick Industrial Land & Buildings

      37 Acres, Prime Location, Investment Opportunity
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      27,758 SF

      Creative Office/Medical/Flex Space Available

      Suites available, tenant improvements, signage opportunity, parking.
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      1,950 SF

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      1950 SF office condo in Limerick, PA for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail or Medical Space Available

      Up to 12,000 SF available at signalized intersection.
      36 Ridge Pike W, Royersford, PA 19468
      View Details
    • Contact for pricing
      11,687 SF

      Retail Space in Royersford Center

      Retail space available in busy, service-oriented shopping center.
      33 Ridge Pike W, Royersford, PA 19468
      View Details
    • $1,200 /Mo
      25,700 SF

      Royersford Commercial Suite For Lease

      Private commercial suite ideal for wellness and personal care services.
      600 Main St, Royersford, PA 19468
      View Details
    • Contact for pricing

      New Construction Office Space Available

      New 2900 SqFt office space available for lease.
      429 S Lewis Rd, Royersford, PA 19468
      View Details
    • $1.00 SF/Yr

      Retail Space in Active Corridor

      Retail space available in a busy commercial area.
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      View Details
    • Contact for pricing
      650 SF

      Office Space in Limerick

      Office spaces available for lease with ample parking and signage.
      292 Ridge Pike W, Limerick, PA 19468
      View Details
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    Royersford, PA 19468-1850
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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.

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