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    Property profile & analytics

    371 Main St Harleysville, PA 19438-2333

    • Strip malls
    • 8,160 SF
    • 1.16 lot acres
    OFF-MARKET
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5752525
    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

    • Laura's Pizzeria And Restaurant / Restaurant
    • First Cleaners / (Bike/Boat/Book/etc) Store
    • Total Performance Physical Therapy / Medical Clinic
    • Cash2Bitcoin Bitcoin ATM / Atm
    • First Cleaner / (Bike/Boat/Book/etc) Store

    Property Details for 371 Main St

    Year built
    1976
    Lot size
    1.16 lot acres
    Property size
    8,160 SF
    Zone code
    VC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    50-00-01783-00-3
    APU
    500001783003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $549,000
      Market price range: $226k - $572k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,065,000
      Current use
      OFFICE BUILDING
      $1,335,000
      Change: +26% Conversion: Moderate
      MEDICAL BUILDING
      $1,285,000
      Change: +21% Conversion: Difficult
      RESTAURANT
      $1,145,000
      Change: +8% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,135,000
      Change: +7% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $915,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Harleysville
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.3796
    Latitude
    40.275
    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
    $27,754
    $329,600
    $349,520
    $679,120
    -
    $329,600
    $349,520
    $679,120

    Comparable in this City

    • Value Estimation by Request
      7,890 SF

      331 Main St

      SHOPPING CENTER, STRIP CENTER • 7,890 SF
      331 Main St, Harleysville, PA 19438-2419
      View Details
    • Value Estimation
      $1,135,000
      12,080 SF

      237 Harleysville Pike

      SHOPPING CENTER, STRIP CENTER • 12,080 SF
      237 Harleysville Pike, Harleysville, PA 19438-1704
      View Details
    • Value Estimation
      $895,000
      11,417 SF

      700 Main St, Unit 712

      SHOPPING CENTER, STRIP CENTER • 11,417 SF
      700 Main St, Harleysville, PA 19438-1636
      View Details
    • Value Estimation
      $1,275,000
      19,000 SF

      672 Main St, Unit 690

      SHOPPING CENTER, STRIP CENTER • 19,000 SF
      672 Main St, Harleysville, PA 19438-1679
      View Details
    • Value Estimation
      $8,745,000
      93,049 SF

      2720 Shelly Rd

      MINI-MALL • 93,049 SF
      2720 Shelly Rd, Harleysville, PA 19438-1281
      View Details
    • Value Estimation
      $17,480,000
      156,694 SF

      270 Main St

      MINI-MALL • 156,694 SF
      270 Main St, Harleysville, PA 19438-2400
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.74 Acres

      Harleysville Office and Retail Space

      Office and retail space in downtown Harleysville for lease.
      500 Main St, Harleysville, PA 19438
      View Details
    • Contact for pricing
      0.29 Acres

      Harleysville Retail Property & Business

      Established Restaurant, Turnkey Opportunity
      315 Alumni Ave, Harleysville, PA 19438
      View Details
    • $1,000,000
      11.90 Acres

      Harleysville Residential Land

      11.9 Acres, R-1 Zoning, Prime Location
      100 Main St, Harleysville, PA 19438
      View Details
    • $875,000
      Pending

      Established Restaurant and Catering Business

      Restaurant/catering business with seating for 120, includes equipment.
      315 Alumni Ave, Harleysville, PA 19438
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      28,633 SF

      Salford Square: Prime Retail/Office Space

      Executive Suites, Retail Shops, Great Location
      672 Main St, Harleysville, PA 19438
      View Details
    • Contact for pricing
      82,000 SF

      Shelly Square Retail Space Available

      Harleysville, PA Retail Center: 1,400-2,800 SF
      0 Shelly Rd, Harleysville, PA 19438
      View Details
    • $3,200 /Mo

      Harleysville Office and Retail Space

      Office and retail space in the heart of Harleysville.
      500 Main St, Harleysville, PA 19438
      View Details
    • $30 SF/Yr
      10,000 SF

      Harleysville Retail Land Opportunity

      Prime Main Street Retail Space, PA
      196 Main St, Harleysville, PA 19438
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Harleysville, PA

      Retail space available for lease in Harleysville, PA.
      221 Main St, Harleysville, PA 19438
      View Details
    • Contact for pricing

      New Industrial Warehouse Construction

      266,880 SF industrial warehouse near Interstate 476.
      1600 Delp Dr, Harleysville, PA 19438
      View Details
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    371 Main St
    Harleysville, PA 19438-2333
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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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