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

    510 Pennsylvania Ave Fort Washington, PA 19034-3304

    • Automotive properties
    • 17,569 SF
    • 1.71 lot acres
    OFF-MARKET
    Last Sale
    May 26, 2021
    $14,054,016
    Value Estimations
    $13,300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5694665
    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

    • West German BMW Reterm / Car Dealership
    • BMW of Fort Washington / Car Dealership
    • West German Motor Imports Inc / Car Dealership

    Property Details for 510 Pennsylvania Ave

    Year built
    2012
    Lot size
    1.71 lot acres
    Property size
    17,569 SF
    Zone code
    CRL
    Property type
    Automotive properties
    APN
    65-00-08773-00-9
    APU
    650008773009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $18,135,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Washington
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2071
    Latitude
    40.1338
    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
    $70,332
    $0.00
    $0.00
    $2,160,000
    -
    $0.00
    $0.00
    $2,160,000

    Comparable in this City

    • Value Estimation
      $4,320,000
      13,763 SF

      115 Bethlehem Pike

      VEHICLE SALES, RENTALS • 13,763 SF
      115 Bethlehem Pike, Fort Washington, PA 19034-1205
      View Details
    • Value Estimation
      $16,005,000
      47,093 SF

      404 Pennsylvania Ave

      VEHICLE SALES, RENTALS • 47,093 SF
      404 Pennsylvania Ave, Fort Washington, PA 19034-3413
      View Details
    • Value Estimation
      $1,545,000
      14,672 SF

      470 Bethlehem Pike

      VEHICLE SALES, RENTALS • 14,672 SF
      470 Bethlehem Pike, Fort Washington, PA 19034-2312
      View Details
    • Value Estimation
      $3,725,000
      3,706 SF

      574 Bethlehem Pike

      PARKING LOT • 3,706 SF
      574 Bethlehem Pike, Fort Washington, PA 19034-2108
      View Details
    • Value Estimation
      $1,065,000
      8,370 SF

      471 Pennsylvania Ave

      CAR WASH • 8,370 SF
      471 Pennsylvania Ave, Fort Washington, PA 19034-3414
      View Details
    • Value Estimation
      $710,000
      1,773 SF

      401 Bethlehem Pike

      SERVICE STATION WITH FOOD MART • 1,773 SF
      401 Bethlehem Pike, Fort Washington, PA 19034-1224
      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

      Pennsylvania Avenue Commercial Land Parcel

      Commercial land parcel available for sale or lease on Pennsylvania Avenue.
      475 Pennsylvania Ave, Fort Washington, PA 19034
      View Details
    • Contact for pricing
      1,359 SF

      Prime Fort Washington Retail Space

      Free-standing retail building, 1359 sq ft.
      475 Pennsylvania Ave, 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
    • Contact for pricing
      123,651 SF

      Fort Washington Office Building

      Office building for lease in Fort Washington, Pennsylvania.
      600 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
      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
    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.
    510 Pennsylvania Ave
    Fort Washington, PA 19034-3304
    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.