490 40th Foot Rd Lansdale, PA 19446-4016
Property profile & analytics
490 40th Foot Rd, Lansdale, PA 19446-4016
- Banks
- 4,049 SF
- 1.17 lot acres
Property ID
US73-0631555
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.
Location Intelligence
Current Use by Public Records
- Penn Community Bank / Bank / Loan Service
Property Details for 490 40th Foot Rd
- Year built
- 2000
- Lot size
- 1.17 lot acres
- Zone code
- C
- Property type
- Banks
- APN
- 53-00-03064-00-6
- APU
- 530003064006
Description
This exceptional investment opportunity presents a fee-simple ownership of a single-tenant, 4,004 square foot retail building currently leased to Penn Community Bank. Located at 490 Forty Foot Rd, Lansdale, PA 19446, this property boasts a prime location on a signalized intersection with high traffic counts (approximately 35,844 ADT). The 1.17-acre lot provides ample parking (25 spaces) for customers. The building, constructed in 2000, is a one-story structure with commercial zoning (C). The current lease, a modified triple-net (NNN) agreement, commenced June 18, 2021, and expires June 17, 2031, with a remaining term of 6.5 years. The lease includes three 5-year renewal options and features a 10% rent increase every five years. The tenant, Penn Community Bank, is a financially stable institution with over $2.5 billion in assets, providing a strong corporate guarantee. The property's net operating income (NOI) is $120,000, resulting in a 6.50% cap rate. The asking price is $1,846,154. The property benefits from its proximity to major retailers, including a Whole Foods anchored lifestyle center, and is conveniently located near the Lansdale Interchange on the PA Turnpike's Northeast Extension. This is a rare opportunity to acquire a stable, high-performing investment property with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lansdale
- County
- Montgomery
- State
- Pennsylvania
- Longitude
- -75.3247
- Latitude
- 40.2603
- 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
$13,298
$0.00
$0.00
$328,300
-
$0.00
$0.00
$328,300
