Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Enterprise Rd Horsham, PA 19044-3503

    • Office buildings
    • 69,259 SF
    • 7.40 lot acres
    OFF-MARKET
    Last Sale
    May 20, 2025
    $5,100,000
    Value Estimations
    $5,110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2914817
    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

    • Horsham / Real Estate Agency

    Property Details for 500 Enterprise Rd

    Year built
    1991
    Lot size
    7.40 lot acres
    Property size
    69,259 SF
    Zone code
    I1
    Property type
    Office buildings
    APN
    36-00-04142-00-7
    APU
    360004142007

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,036,000
      Market price range: $6.54M - $17.5M
      AI Estimate
      $3,203,000
      Market price range: $1.28M - $6.96M

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

    Location Insight

    • Map
    • Local Demand
    City
    Horsham
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.1614
    Latitude
    40.1923
    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
    $91,637
    $0.00
    $0.00
    $2,331,260
    -
    $0.00
    $0.00
    $2,331,260

    Comparable in this City

    • Value Estimation
      $2,575,000
      24,192 SF

      721 Dresher Rd

      OFFICE BUILDING • 24,192 SF
      721 Dresher Rd, Horsham, PA 19044-2220
      View Details
    • Value Estimation
      $5,825,000
      51,684 SF

      120 Gibraltar Rd

      OFFICE BUILDING • 51,684 SF
      120 Gibraltar Rd, Horsham, PA 19044-2307
      View Details
    • Value Estimation
      $4,645,000
      40,330 SF

      102 Rock Rd

      OFFICE BUILDING • 40,330 SF
      102 Rock Rd, Horsham, PA 19044-2311
      View Details
    • Value Estimation
      $5,575,000
      69,576 SF

      900 Business Ctr Dr

      OFFICE BUILDING • 69,576 SF
      900 Business Ctr Dr, Horsham, PA 19044-3432
      View Details
    • Value Estimation
      $5,440,000
      41,628 SF

      702 Electronic Dr

      OFFICE BUILDING • 41,628 SF
      702 Electronic Dr, Horsham, PA 19044-2239
      View Details
    • Value Estimation
      $3,235,000
      26,396 SF

      101 Witmer Rd

      OFFICE BUILDING • 26,396 SF
      101 Witmer Rd, Horsham, PA 19044-2200
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,500 SF

      Fully Leased Office Building

      Well-located, fully leased office building in established business center.
      1355 Business Center Dr, Horsham, PA 19044
      View Details
    • Contact for pricing
      50,584 SF

      Horsham Industrial Property For Sale

      50,584 SF Flex Space, PA Turnpike Access
      723 Electronic Dr, Horsham, PA 19044
      View Details
    • Contact for pricing
      19,000 SF

      Retail Space on Easton Road

      9,500 SF retail space in amenity-rich location.
      490 Easton Rd, Horsham, PA 19044
      View Details
    • Contact for pricing
      19,000 SF

      Prime Horsham Retail Redevelopment

      19,000 SF Storefront, High Traffic
      490 Easton Rd, Horsham, PA 19044
      View Details
    • $415,000
      0.27 Acres

      Horsham Duplex with Rental Upside

      Duplex in Horsham, PA with long-term tenants and rental upside.
      474 Easton Rd, Horsham, PA 19044
      View Details
    • $650,000
      2,951 SF

      Horsham Retail Property: Prime Location

      High-traffic retail space, ample parking, great visibility.
      296 Easton Rd, Horsham, PA 19044
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,703 SF

      Office Building with Backup Generators

      Single-story office building suitable for office or lab/R&D use.
      507 Prudential Rd, Horsham, PA 19044
      View Details
    • Contact for pricing
      56,845 SF

      Prominent Office Building Near Turnpike

      Multi-tenant office building with high visibility and recent renovations.
      101 Gibraltar Rd, Horsham, PA 19044
      View Details
    • Contact for pricing
      18,200 SF

      Office Space with Lab Potential

      Office building suitable for single tenant with ample parking.
      506 Prudential Rd, Horsham, PA 19044
      View Details
    • Contact for pricing
      4,384 SF

      Modern Office Building with Atrium

      Three-story office building with updated lobby and natural light.
      5 Walnut Grove Dr, Horsham, PA 19044
      View Details
    • Contact for pricing
      9,011 SF

      Multi-Tenant Office Building For Rent

      Multi-tenant office building with modern amenities and convenient location.
      201 Gibraltar Rd, Horsham, PA 19044
      View Details
    • Contact for pricing
      5,237 SF

      Multi-Tenant Office Building For Rent

      Multi-tenant office building with modern lobby and outdoor courtyard.
      110 Gibraltar Rd, Horsham, PA 19044
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Enterprise Rd
    Horsham, PA 19044-3503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.