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    371 Easton Rd Horsham, PA 19044
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    371 Easton Rd Horsham, PA 19044

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    • Investment properties
    • 3,573 SF
    • 0.11 lot acres
    For Lease
    $2,800 /Mo
    View Listing →
    Commercial Building on Route 611 For Lease
    $2,800 /Mo
    1,760 SF

    Commercial Building on Route 611

    Commercial space on busy route 611, Horsham, PA.

    371 EASTON Road, Horsham, PA 19044
    View Listing
    Property ID
    US73-2522435
    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
    $615,000
    Cap Rate Potential
    5.8%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 371 Easton Rd

    Year built
    1920
    Lot size
    0.11 lot acres
    Property size
    3,573 SF
    Zone code
    GC2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    36-00-03967-00-2
    APU
    360003967002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $640,000
      ML approach
      $615,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $615,000
      6.5%
      $570,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $383,000
      Market price range: $239k - $555k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $385,000
      Current use
      RETAIL STORES
      $960,000
      Change: +150% Conversion: Easy
      OFFICE BUILDING
      $585,000
      Change: +52% Conversion: Easy
      MEDICAL BUILDING
      $565,000
      Change: +46% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $465,000
      Change: +21% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Horsham
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.1296
    Latitude
    40.1789
    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
    $5,941
    $49,630
    $101,480
    $151,110
    -
    $49,630
    $101,480
    $151,110

    Comparable in this City

    • Value Estimation by Request
      2,824 SF

      359 Dresher Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,824 SF
      359 Dresher Rd, Horsham, PA 19044-2129
      View Details
    • Value Estimation by Request
      3,713 SF

      499 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,713 SF
      499 Easton Rd, Horsham, PA 19044-2576
      View Details
    • Value Estimation by Request
      4,065 SF

      186 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,065 SF
      186 Easton Rd, Horsham, PA 19044-3102
      View Details
    • Value Estimation
      $625,000
      1,714 SF

      373 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,714 SF
      373 Easton Rd, Horsham, PA 19044-2507
      View Details
    • Value Estimation
      $510,000
      4,514 SF

      941 Governor Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,514 SF
      941 Governor Rd, Horsham, PA 19044-1407
      View Details
    • Value Estimation
      $765,000
      6,497 SF

      623 Horsham Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 6,497 SF
      623 Horsham Rd, Horsham, PA 19044-1245
      View Details

    Similar Nearby for Sale

    • New
      $650,000
      0.40 Acres

      Commercial Property on Easton Road

      Commercial retail property in high-traffic area with parking.
      296 Easton Rd, Horsham, PA 19044
      View Details
    • Contact for pricing
      20,500 SF

      Fully Leased Office Building

      Well-located, fully leased office building in established business center.
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      Pending

      Horsham Commercial Land For Sale

      1.05-acre commercial land with high traffic exposure.
      104 Horsham Rd, Horsham, PA 19044
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      8,000 SF

      Restaurant Property on Heavily Trafficked Road

      Freestanding restaurant with outdoor seating on a high-traffic corner.
      101 Easton Rd, Horsham, PA 19044
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      19,000 SF

      Retail Space on Easton Road

      9,500 SF retail space in amenity-rich location.
      490 Easton Rd, Horsham, PA 19044
      View Details
    • $650,000
      2,951 SF

      Horsham Retail Property: Prime Location

      High-traffic retail space, ample parking, great visibility.
      296 Easton Rd, Horsham, PA 19044
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Horsham Road Commercial Property

      Commercial property with opportunities for medical, office, and flex space.
      400 Horsham Rd, Horsham, PA 19044
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    • Contact for pricing

      Horsham Retail Spaces Available

      Retail spaces available, ranging from 457 to 5,396 SqFt.
      301-315 Horsham Rd, Horsham, PA 19044
      View Details
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      14,293 SF

      Office Space with Natural Light

      Office space with ample natural light and convenient location.
      555 Business Center Dr, Horsham, PA 19044
      View Details
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      7,110 SF

      Modern Office Space for Rent

      Multi-tenant office building with modern amenities and convenient location.
      200 Gibraltar Rd, Horsham, PA 19044
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      3,177 SF

      Updated Office Space with Amenities

      Office space with updated lobby, fitness center, and cafe.
      100 Witmer Rd, Horsham, PA 19044
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    • Contact for pricing
      10,523 SF

      Horsham Office Space for Lease

      Office space available for lease in Horsham, Pennsylvania.
      700 Business Center Dr, Horsham, PA 19044
      View Details
    View Listing
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    371 Easton Rd
    Horsham, PA 19044
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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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