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    44 High St Pottstown, PA 19464-5427
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    Property profile & analytics

    44 High St Pottstown, PA 19464-5427

    View on Map
    • Apartment buildings
    • 16,262 SF
    • 0.29 lot acres
    Off-Market
    Property ID
    US73-2051310
    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
    $2,485,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 44 High St

    Year built
    1900
    Lot size
    0.29 lot acres
    Property size
    16,262 SF
    Zone code
    D
    Property type
    Apartment buildings
    APN
    16-00-13792-00-7
    APU
    160013792007

    Description

    This fee-simple, 24-unit apartment building presents a compelling value-add opportunity in Pottstown, Pennsylvania. Located at 44 E High St, in Montgomery County, this two-story, 16,262 square foot building sits on a 12,480 square foot lot in a permitted Downtown zoning area. Currently boasting 100% occupancy, the property offers a mix of studio, one-bedroom, and two-bedroom units, each individually metered for utilities. The current Net Operating Income (NOI) is $161,001, yielding a 7.32% cap rate. However, a pro-forma NOI of $185,745 projects an 8.44% cap rate, reflecting significant upside potential through rent increases. The asking price is $2,200,000, translating to $91,667 per unit and $135.28 per square foot. This property benefits from Pottstown's ongoing revitalization, attracting new residents and businesses, and creating strong demand for rental housing. The strategic location and potential for rent growth make this a prime investment in a rapidly improving market. The building's solid construction and efficient management structure contribute to healthy cash flow and long-term appreciation potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,115,000
      Market price range: $1.29M - $3.12M
      AI Estimate
      $1,856,000
      Market price range: $472k - $1.86M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,260,000
      Current use
      OFFICE BUILDING
      $2,660,000
      Change: +18% Conversion: Moderate
      MEDICAL BUILDING
      $2,565,000
      Change: +13% Conversion: Moderate
      RESTAURANT
      $2,285,000
      Change: +1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,120,000
      Change: -6% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,820,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pottstown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.6541
    Latitude
    40.2458
    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
    $40,298
    $0.00
    $0.00
    $656,600
    -
    $0.00
    $0.00
    $656,600

    Comparable in this City

    • Value Estimation
      $1,380,000
      10,452 SF

      742 Spruce St

      APARTMENT HOUSE (5+ UNITS) • 10,452 SF
      742 Spruce St, Pottstown, PA 19464-4638
      View Details
    • Value Estimation
      $1,195,000
      12,464 SF

      245 King St

      APARTMENT HOUSE (5+ UNITS) • 12,464 SF
      245 King St, Pottstown, PA 19464-9138
      View Details
    • Value Estimation
      $1,495,000
      20,904 SF

      214 Manatawny St

      APARTMENT HOUSE (5+ UNITS) • 20,904 SF
      214 Manatawny St, Pottstown, PA 19464-5260
      View Details
    • Value Estimation
      $840,000
      5,500 SF

      540 High St

      APARTMENT HOUSE (5+ UNITS) • 5,500 SF
      540 High St, Pottstown, PA 19464-7625
      View Details
    • Value Estimation by Request
      3,822 SF

      112 Charlotte St

      APARTMENT HOUSE (5+ UNITS) • 3,822 SF
      112 Charlotte St, Pottstown, PA 19464-5520
      View Details
    • Value Estimation
      $2,925,000
      29,584 SF

      25 Franklin St

      APARTMENT HOUSE (5+ UNITS) • 29,584 SF
      25 Franklin St, Pottstown, PA 19464-5668
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,804 SF

      Pottstown Investment Opportunity: Pub & Apartments

      Turn-key bar/restaurant with apartments and commercial space for sale.
      978 E High St, Pottstown, PA 19464
      View Details
    • $215,000
      1,785 SF

      Pottstown Duplex: Investor Opportunity

      Duplex in Pottstown with rental income potential.
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    • $285,000
      2,076 SF

      Pottstown Duplex: Investment Opportunity

      Tenant-occupied duplex in Pottstown with immediate rental income.
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    • $239,900
      1,813 SF

      Pottstown Investment Property For Sale

      Three-unit investment property with income potential in Pottstown, PA.
      33 Beech St, Pottstown, PA 19464
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    • $250,000
      1,383 SF

      Well-Maintained Duplex with Income Potential

      Duplex with potential $2,100/month rental income, close to amenities.
      352 Beech St, Pottstown, PA 19464
      View Details
    • $328,000
      0.11 Acres

      Versatile Live/Work Pottstown Property

      Mixed-use property offering live/work or live/rent opportunities.
      535 E High St, Pottstown, PA 19464
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo

      Updated Apartment Near Pottstown School

      Charming 2-bedroom apartment with backyard access, convenient location.
      524 N Franklin St St, Pottstown, PA 19464
      View Details
    • Contact for pricing

      Commercial Property in Stowe, PA

      Commercial property for rent in Montgomery County, Pennsylvania.
      221 Monroe St, Stowe, PA 19464
      View Details
    • Contact for pricing

      Retail Space in Pottstown Plaza

      Retail space at a signalized intersection with high visibility.
      204 Shoemaker Rd, Pottstown, PA 19464
      View Details
    • Contact for pricing
      4,283 SF

      Retail Space Near Upland Square

      Retail space available near Upland Square Shopping Center.
      908 Commerce Dr, Pottstown, PA 19464
      View Details
    • Contact for pricing
      2,405 SF

      Downtown Pottstown Retail Space Available

      Retail space in downtown Pottstown with high ceilings.
      213 E High St, Pottstown, PA 19464
      View Details
    • Contact for pricing
      2,584 SF

      Downtown Pottstown Retail Space Available

      Retail space in downtown Pottstown with high ceilings and accessibility.
      269 E High St, Pottstown, PA 19464
      View Details
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    Pottstown, PA 19464-5427
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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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