Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    534 2nd Ave, Unit 1 Collegeville, PA 19426-2654
    Back to Search
    Property profile & analytics

    534 2nd Ave, Unit 1, Collegeville, PA 19426-2654

    View on Map
    • Office Spaces
    • 15,030 SF
    • 1.85 lot acres
    Off-Market
    Property ID
    US73-2540930
    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
    $2,790,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Matthew I. Fogg, MD / Physician / Medical Clinic
    • Dr. Shashank S. Sheth, MD / Physician / Medical Clinic
    • Lina Husienzad, MD, FAAD / Physician / Medical Clinic
    • Katie Venesky PA-C / Physician
    • Shannon Del Grande, PA-C / Physician

    Property Details for 534 2nd Ave

    Year built
    2009
    Lot size
    1.85 lot acres
    Zone code
    R2
    Property type
    Office Spaces
    APN
    04-00-01636-00-7
    APU
    40001636007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 12, 2017 $3,875,000 Miven Investments LLC Tst Collegeville Mob LLC Grant Deed —
    Jan 7, 2015 $3,604,000 Tst Collegeville Mob LLC Collegeville Convenience LP Deed $5.7M · Synovus Bank
    Feb 28, 2007 — Collegeville Convenience — Deed Of Trust · related $8.7M · Webster Bank
    Nov 30, 2004 $3,275,000 Wawa INC Clough,john B Grant Deed —
    Nov 30, 2004 — Collegeville Convenience Wawa INC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,788,000
      Market price range: $1.42M - $3.79M
      AI Estimate
      $1,792,000
      Market price range: $713k - $1.79M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,460,000
      Current use
      AUTO REPAIR, GARAGE
      $4,440,000
      Change: +81% Conversion: Difficult
      RETAIL STORES
      $4,045,000
      Change: +65% Conversion: Moderate
      MEDICAL BUILDING
      $2,370,000
      Change: -4% Conversion: Easy
      RESTAURANT
      $2,110,000
      Change: -14% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $2,090,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Collegeville
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.4582
    Latitude
    40.1779
    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
    $89,248
    $0.00
    $0.00
    $1,817,375
    -
    $0.00
    $0.00
    $1,817,375

    Comparable in this City

    • Value Estimation
      $950,000
      9,725 SF

      555 2nd Aveb-1

      CONDOMINIUM OFFICES
      555 2nd Aveb-1, Collegeville, PA 19426-3600
      View Details
    • Value Estimation by Request
      2,520 SF

      184 Main St, Unit 1

      CONDOMINIUM OFFICES
      184 Main St, Trappe, PA 19426-2049
      View Details
    • Value Estimation
      $825,000
      4,444 SF

      555 2nd Aveg-13

      CONDOMINIUM OFFICES
      555 2nd Aveg-13, Collegeville, PA 19426-3600
      View Details
    • Value Estimation
      $2,495,000
      19,800 SF

      300 Springhouse Dr, Unit 2

      CONDOMINIUM OFFICES
      300 Springhouse Dr, Collegeville, PA 19426-4021
      View Details
    • Value Estimation
      $770,000
      5,417 SF

      379 Main St

      CONDOMINIUM OFFICES
      379 Main St, Trappe, PA 19426-1997
      View Details
    • Value Estimation
      $870,000
      5,328 SF

      350 Main St, Unit 2

      CONDOMINIUM OFFICES
      350 Main St, Trappe, PA 19426-1989
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6.51 Acres

      Prime Collegeville Office Land

      6.51 Acres, Excellent Location
      9 Iron Bridge Dr, Collegeville, PA 19426
      View Details
    • Contact for pricing
      0.46 Acres

      Collegeville Office Suites - Immediate Lease

      Prime Office Space, Abundant Parking, Excellent Location
      555 Sui, Collegeville, PA 19426
      View Details
    • Contact for pricing
      0.07 Acres

      Collegeville Office Building For Lease

      Prime Office Space, Ample Storage, Park Setting
      133 Level Rd, Collegeville, PA 19426
      View Details
    • $1,250,000

      Prime Collegeville Office Space

      2000 SF Office, Ideal Location, Immediate Occupancy
      555 2Nd Ave, Collegeville, PA 19426
      View Details
    • Contact for pricing
      0.06 Acres

      Trappe, PA Office Building For Sale

      Prime Commercial Building, High Visibility, 8,442 SF
      350 Main St, Trappe, PA 19426
      View Details
    • Contact for pricing
      0.15 Acres

      399 Arcola Rd, Collegeville, PA 19426

      Office Spaces
      399 Arcola Rd, Collegeville, PA 19426
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease in Collegeville, PA.
      100 Springhouse Dr, Collegeville, PA 19426
      View Details
    • Contact for pricing

      Collegeville Office Spaces For Lease

      Affordable office spaces with modern amenities and ample parking.
      3819 Germantown Pike, Collegeville, PA 19426
      View Details
    • Contact for pricing

      Freestanding Office Building For Lease

      Freestanding office building with lower level storage available for lease.
      133 Level Rd, Collegeville, PA 19426
      View Details
    • Contact for pricing

      Collegeville Office Space Available Immediately

      Usable office space in the heart of Collegeville, PA.
      555 2Nd Ave, Collegeville, PA 19426
      View Details
    • Contact for pricing
      2,741 SF

      Move-in Ready Medical/Office Sublease

      Sublease opportunity with high-end finishes and flexible lease terms.
      100 Springhouse Dr, Collegeville, PA 19426
      View Details
    • Contact for pricing

      Retail/Office Space Available

      Corner property with retail or office space for lease.
      50 2Nd Ave, Collegeville, PA 19426
      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.
    534 2nd Ave, Unit 1
    Collegeville, PA 19426-2654
    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

    Thank You for Inquiry
    534 2nd Ave, Collegeville, PA, 19426
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!