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

    369 Broad St Souderton, PA 18964-1859

    • Apartment buildings
    • 12,600 SF
    • 0.66 lot acres
    OFF-MARKET
    Last Sale
    Oct 05, 2021
    $1,200,000
    Value Estimations
    $1,515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3052154
    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

    • James Morgan LLC / Handyman/Handywoman/Handyperson / Landscaper

    Property Details for 369 Broad St

    Year built
    1970
    Lot size
    0.66 lot acres
    Property size
    12,600 SF
    Zone code
    R2
    Property type
    Apartment buildings
    APN
    21-00-00352-00-5
    APU
    210000352005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,550,000
      ML approach
      $1,530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,404,000
      Market price range: $1.00M - $2.41M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,750,000
      Current use
      OFFICE BUILDING
      $2,060,000
      Change: +18% Conversion: Moderate
      MEDICAL BUILDING
      $1,985,000
      Change: +13% Conversion: Moderate
      RESTAURANT
      $1,770,000
      Change: +1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,640,000
      Change: -6% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,410,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Souderton
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.329
    Latitude
    40.3039
    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
    $16,367
    $74,260
    $288,200
    $362,460
    -
    $74,260
    $288,200
    $362,460

    Comparable in this City

    • Value Estimation
      $295,000
      4,704 SF

      448 2nd St

      APARTMENT HOUSE (5+ UNITS) • 4,704 SF
      448 2nd St, Souderton, PA 18964-1307
      View Details
    • Value Estimation
      $430,000
      7,240 SF

      530 Noble St

      APARTMENT HOUSE (5+ UNITS) • 7,240 SF
      530 Noble St, Souderton, PA 18964-1564
      View Details
    • Value Estimation by Request
      5,184 SF

      421 2nd St

      APARTMENT HOUSE (5+ UNITS) • 5,184 SF
      421 2nd St, Souderton, PA 18964-1300
      View Details
    • Value Estimation
      $500,000
      4,268 SF

      15 Frnt St

      APARTMENT HOUSE (5+ UNITS) • 4,268 SF
      15 Frnt St, Souderton, PA 18964-1570
      View Details
    • Value Estimation
      $355,000
      4,320 SF

      420 2nd St

      APARTMENT HOUSE (5+ UNITS) • 4,320 SF
      420 2nd St, Souderton, PA 18964-1349
      View Details
    • Value Estimation
      $990,000
      9,108 SF

      377 Broad St

      APARTMENT HOUSE (5+ UNITS) • 9,108 SF
      377 Broad St, Souderton, PA 18964-1858
      View Details

    Similar Nearby for Sale

    • $995,000
      9,353 SF

      Mixed-Use Building in Souderton, PA

      Well-maintained commercial building with business and residential spaces.
      206 N Main St, Souderton, PA 18964
      View Details
    • $650,000
      2,757 SF

      Souderton Mixed-Use Investment Opportunity

      Mixed-use property with residential and commercial income potential.
      17-19 N 2Nd St, Souderton, PA 18964
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    • $850,000
      1.00 Acre

      Souderton Office/Retail Building

      Prime location, 6,525 SF, excellent visibility.
      113 & County Line Rd, Souderton, PA 18964
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    • Contact for pricing
      1.50 Acres

      Souderton Commercial Building For Sale

      9,100 SF Vacant Office/Retail Space
      113 & County Line Rd, Souderton, PA 18964
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    • $1,250,000
      6,000 SF

      Souderton Restaurant & Office Space

      Prime Location, 6,000 SF, Vacant
      113 County Line Rd, Souderton, PA 18964
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    • Contact for pricing
      8,140 SF

      Souderton Executive Office Space

      8,140 SF Executive Office, High Traffic
      113 & County Line Rd, Souderton, PA 18964
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      10,080 SF

      Towne Gate Commons: Executive Office Space

      Prime Montgomery County Office Space: 5,040 SF Available
      113 & County Line Rd, Souderton, PA 18964
      View Details
    • Contact for pricing
      196,560 SF

      Industrial Space Near I-476

      New industrial buildings near Lansdale Interchange, available Q1 2023.
      515 Wambold Rd, Souderton, PA 18964
      View Details
    • Contact for pricing
      199,360 SF

      Industrial Space Near Lansdale Interchange

      New industrial buildings near I-476 available for lease.
      505 Wambold Rd, Souderton, PA 18964
      View Details
    • Contact for pricing
      8,140 SF

      Souderton Office Building For Lease

      8,140 SF Office Space, Bucks County
      113 & County Line Rd, Souderton, PA 18964
      View Details
    • Contact for pricing
      176,000 SF

      Souderton Warehouse Space Available

      176,000 SF warehouse/distribution space for lease in Souderton, PA.
      205 Schoolhouse Rd, Souderton, PA 18964
      View Details
    • Contact for pricing
      3,000 SF

      Town Gate Commons: Medical Office Space

      Souderton, PA: Prime Medical Office Suites Available
      0 Town Gate Cmns, Souderton, PA 18964
      View Details
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    Souderton, PA 18964-1859
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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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