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 Maryland Dr Fort Washington, PA 19034

    • Warehouses
    • 151,000 SF
    • 12.85 lot acres
    For Lease
    View listing
    Last Sale
    Mar 22, 2022
    $8,400,000
    Value Estimations
    $8,500,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5949987
    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

    • FedEx Ship Center / Courier Service / Postal Service

    Property Details for 500 Maryland Dr

    Year built
    1961
    Lot size
    12.85 lot acres
    Property size
    151,000 SF
    Zone code
    LIM
    Property type
    Warehouses
    APN
    54-00-11728-00-8
    APU
    540011728008

    Description

    This exceptional 11,729 square foot executive office space is available for lease at 500 Maryland Drive, Fort Washington, Pennsylvania. Located in Montgomery County, this property boasts a prime location within the Greater Fort Washington - GFW Zoning (Upper Dublin Township) area. The building itself is a Class A, single-building complex totaling 134,577 square feet, situated on a generous 12.85-acre lot. The available space is part of a multi-tenant building, offering flexibility and potential for collaboration. The space features a remarkable 14-foot ceiling height, providing a sense of spaciousness and architectural appeal. Furthermore, the property includes one drive-in bay, enhancing convenience and accessibility for tenants. The property is zoned for commercial use, making it ideal for a variety of businesses. This is a rare opportunity to secure high-quality office space in a desirable location with ample parking and convenient access. The property's size and amenities make it suitable for a range of businesses seeking a prestigious and functional workspace. The 11,729 square feet of vacant space presents a unique opportunity to customize the layout to meet specific business needs. Contact us today to learn more about this exceptional leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,695,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,386,000
      Market price range: $8.56M - $20.4M
      AI Estimate
      $5,619,000
      Market price range: $3.63M - $10.8M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $13,845,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Washington
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2003
    Latitude
    40.1409
    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
    $173,804
    $0.00
    $0.00
    $3,564,000
    -
    $0.00
    $0.00
    $3,564,000

    Comparable in this City

    • Value Estimation
      $1,665,000
      16,782 SF

      425 Maryland Dr

      WAREHOUSE, STORAGE • 16,782 SF
      425 Maryland Dr, Fort Washington, PA 19034-2501
      View Details
    • Value Estimation
      $1,610,000
      21,976 SF

      575 Virginia Dr

      WAREHOUSE, STORAGE • 21,976 SF
      575 Virginia Dr, Fort Washington, PA 19034-2731
      View Details
    • Value Estimation
      $1,980,000
      21,390 SF

      235 New York Dr

      WAREHOUSE, STORAGE • 21,390 SF
      235 New York Dr, Fort Washington, PA 19034-2503
      View Details
    • Value Estimation
      $2,070,000
      21,000 SF

      465 Maryland Dr

      WAREHOUSE, STORAGE • 21,000 SF
      465 Maryland Dr, Fort Washington, PA 19034-2500
      View Details
    • Value Estimation by Request
      115,295 SF

      1055 Virginia Dr

      MINI-WAREHOUSE, STORAGE • 115,295 SF
      1055 Virginia Dr, Fort Washington, PA 19034-3110
      View Details
    • Value Estimation
      $4,440,000
      56,888 SF

      275 New Jersey Dr

      WAREHOUSE, STORAGE • 56,888 SF
      275 New Jersey Dr, Fort Washington, PA 19034-2603
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,032 SF

      Fort Washington Flex Office Building

      24,032 SF Flex/Office Investment Opportunity
      260 New York Dr, Fort Washington, PA 19034
      View Details
    • Contact for pricing
      24,032 SF

      Fort Washington Flex/Office Building

      24,032 SF flex/office building on 2.68 acres.
      260 New York Dr, Fort Washington, PA 19034
      View Details
    • $495,000
      2,540 SF

      Fort Washington Office Building

      2-Story Office, 2,540 SF, Vacant
      465 Commerce Dr, Fort Washington, PA 19034
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,729 SF

      Fort Washington Warehouse Space Available

      11,729 SF warehouse space for lease in Fort Washington.
      500 Maryland Dr, Fort Washington, PA 19034
      View Details
    • Contact for pricing
      8,870 SF

      Prime Fort Washington Office Space

      Executive suites, 900-8,870 sq ft available.
      500 Office Center Dr, Fort Washington, PA 19034
      View Details
    • Contact for pricing
      2,862 SF

      Hollywood Road Office Suites

      Fort Washington, PA office space. All-inclusive.
      7250 Hollywood Rd, Fort Washington, PA 19034
      View Details
    • Contact for pricing
      857 SF

      Highland Office Center Space Available

      Office space for rent at Highland Office Center.
      550 Pinetown Rd, Fort Washington, PA 19034
      View Details
    • $20 SF/Yr
      1,530 SF

      Professional Office Space For Rent

      Multi-tenant office space with ample parking and generator.
      425 Commerce Dr, Fort Washington, PA 19034
      View Details
    • $22 SF/Yr
      27,030 SF

      Fort Washington Executive Office Suites

      Modern workspace, flexible options, prime location.
      500 Office Center Dr, Fort Washington, PA 19034
      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 Maryland Dr
    Fort Washington, PA 19034
    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.