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

    371 Easton Rd Horsham, PA 19044

    • Investment properties
    • 3,573 SF
    • 0.11 lot acres
    For Lease
    View listing
    $3,500 /Mo
    Last Sale
    May 09, 2023
    $625,000
    Value Estimations
    $615,000
    Cap Rate Potential
    5.8%
    Investment properties
    Location Intelligence
    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.

    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 valuation — 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
      4,591 SF

      933 Horsham Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,591 SF
      933 Horsham Rd, Horsham, PA 19044-1238
      View Details
    • Value Estimation by Request
      6,401 SF

      450 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,401 SF
      450 Central Ave, Horsham, PA 19044-2102
      View Details
    • Value Estimation
      $535,000
      4,675 SF

      424 Dresher Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,675 SF
      424 Dresher Rd, Horsham, PA 19044-2027
      View Details
    • Value Estimation by Request
      5,040 SF

      469 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,040 SF
      469 Easton Rd, Horsham, PA 19044-2508
      View Details
    • Value Estimation
      $890,000
      6,528 SF

      495 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 6,528 SF
      495 Easton Rd, Horsham, PA 19044-2508
      View Details
    • Value Estimation by Request
      4,880 SF

      426 Easton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,880 SF
      426 Easton Rd, Horsham, PA 19044-2500
      View Details

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      Horsham Duplex with Rental Upside

      Duplex in Horsham, PA with long-term tenants and rental upside.
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      19,000 SF

      Retail Space on Easton Road

      9,500 SF retail space in amenity-rich location.
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      Horsham Retail Property: Prime Location

      High-traffic retail space, ample parking, great visibility.
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    Similar Nearby for Lease

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      Prime Retail Space Available in Horsham, PA
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    • Contact for pricing
      150,000 SF

      Horsham Road Multi-Use Office/Industrial

      150,000 SF Multi-Tenant Office/Industrial
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      View Details
    • Contact for pricing
      2,538 SF

      Modern Office Space for Rent

      Multi-tenant office building with modern amenities and convenient location.
      200 Gibraltar Rd, Horsham, PA 19044
      View Details
    • Contact for pricing
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      Updated Office Space with Amenities

      Office space with updated lobby, fitness center, and cafe.
      100 Witmer Rd, Horsham, PA 19044
      View Details
    • Contact for pricing
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      Office Space with Natural Light

      Office space with ample natural light and convenient location.
      555 Business Center Dr, Horsham, PA 19044
      View Details
    • $3,500 /Mo
      4,792 SF

      Commercial Building on Route 611

      Commercial building on busy route 611, many potential uses.
      371 Easton Rd, Horsham, PA 19044
      View Details
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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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