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Property profile & analytics
OFF-MARKET Estimated value $5,505,000
Office buildings

414 Commerce Dr Fort Washington, PA 19034-2618

40,922 SF 4.08 ac lot Built 1971
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US73-5820040
Property summary
AI-generated overview

This exceptional Fort Washington office building offers immediate occupancy in two available suites: a 2,500 sq ft space on the first floor with direct lobby access, and a 5,000 sq ft space on the second floor served by an elevator. Both are highly adaptable and can be reconfigured with tenant improvement allowances. The 36,718 sq ft building, situated on 4.08 acres, underwent a complete renovation in 2022, boasting a refreshed lobby, new elevator, roof, and HVAC systems. The property features 134 parking spaces and is conveniently located near major roadways including Route 309, 611, 152, and the Pennsylvania Turnpike. The building's prime location offers easy access to numerous amenities, including fine restaurants, Life Time Fitness, Wawa, and TruMark Financial Credit Union. The property is a single, two-story building constructed in 1971, offering multiple tenancy options with a minimum divisible space of 2,500 sq ft and a maximum contiguous space of 5,000 sq ft. Currently, 7,500 sq ft is vacant. The building is equipped with 3-phase power. Property taxes are $3.14 per square foot. This is a rare opportunity to secure high-quality office space in a desirable location with convenient access to major transportation routes and a wealth of nearby amenities. The space is ready for immediate occupancy.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1971
Total area 40,922 SF
Lot 4.08 ac (177,725 SF)
Zoning code LIM
APN 54-00-04420-00-8
UPID US73-5820040
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • IT Solutions Tech Support Center IT Consulting Firm
  • Advanced Rx Compounding Pharmacy Pharmacy
  • Berman David L MD Physician
  • Matthew Lorei Physician
  • Joseph Thoder Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.97M
Blend (final) Blend
$5.51M
Owner & transaction history
414 Commerce Realty LLC · 7 yrs held
414 Commerce Realty LLC
since 2019
5 recorded transactions
2024
Price N/A
2019
$2.1M
2018
Price N/A
2014
$2.1M
2005
$3.8M
Zoning & alternative use
LIM · Fort Washington, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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