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    540 Pennsylvania Ave Fort Washington, PA 19034-3315
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    Property profile & analytics

    540 Pennsylvania Ave, Fort Washington, PA 19034-3315

    View on Map
    • Office buildings
    • 37,587 SF
    • 3.38 lot acres
    Off-Market
    Property ID
    US73-0074369
    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
    $2,835,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MVM Associates, Inc. / Consultant
    • Charles Marcus Hearing Aid Center / Hearing Aid Store
    • Garden Retreat Spa / Alternative Medicine Practice / Spa & Massage Center
    • Rebecca Sirota / Pharmacy
    • Bowers Company | Film & Video Game Tax Credits / Tax Preparation

    Property Details for 540 Pennsylvania Ave

    Year built
    1962
    Lot size
    3.38 lot acres
    Zone code
    CRL
    Property type
    Office buildings
    APN
    65-00-08788-00-3
    APU
    650008788003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 18, 2017 — 540 Pennsylvania Associates Ll — Deed · related $2M · Dnb First NA
    Mar 18, 2015 $1,300,000 540 Pennsylvania Assocs LLC Harvey Goodstein Charitable Fo Grant Deed $1M · Harvey Goodstein Charitable Fo
    Mar 18, 2004 — Penna Dept Trans Carson,george W Grant Deed · related —
    Sep 6, 2000 — Goodstein Trust Harvey Goodstein Estate Quit Claim Deed · related —
    — — 540 Pennsylvania Associates Ll — Deed Of Trust · related $2M · Dnb First NA

    Description

    This exceptional three-story executive office building at 540 Pennsylvania Avenue in Fort Washington, Pennsylvania offers a range of flexible suite sizes, ideal for businesses seeking single-tenant occupancy. The building boasts a total of 35,100 square feet, with 6,500 square feet currently available. Renovated in 2016, the property provides modern amenities and a professional atmosphere. Located in Montgomery County, this property benefits from convenient access to Route 309 and the Pennsylvania Turnpike, ensuring easy commutes for employees and clients. The building offers ample parking, with a ratio of 4.16 spaces per 1,000 square feet. Suite sizes range from 600 to 6,500 square feet, providing options to accommodate various business needs. The property's prime location and modern features make it an attractive opportunity for businesses seeking a high-quality office space in a convenient and accessible location. The building's single-tenant occupancy ensures a private and controlled environment. This is an excellent opportunity to establish a presence in a thriving business community. The address is 540 Pennsylvania Avenue, Fort Washington, PA 19034.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,550,000
      Market price range: $3.55M - $9.47M
      AI Estimate
      $2,116,000
      Market price range: $1.74M - $7.95M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Washington
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2034
    Latitude
    40.1318
    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
    $36,390
    $0.00
    $0.00
    $1,117,600
    -
    $0.00
    $0.00
    $1,117,600

    Comparable in this City

    • Value Estimation
      $11,090,000
      102,752 SF

      550 Pinetown Rd

      OFFICE BUILDING
      550 Pinetown Rd, Fort Washington, PA 19034-2605
      View Details
    • Value Estimation
      $15,155,000
      75,370 SF

      335 Commerce Dr

      OFFICE BUILDING
      335 Commerce Dr, Fort Washington, PA 19034-2701
      View Details
    • Value Estimation
      $14,530,000
      79,746 SF

      420 Delaware Dr

      OFFICE BUILDING
      420 Delaware Dr, Fort Washington, PA 19034-2711
      View Details
    • Value Estimation
      $4,220,000
      51,158 SF

      455 Maryland Dr

      OFFICE BUILDING
      455 Maryland Dr, Fort Washington, PA 19034-2501
      View Details
    • Value Estimation
      $6,110,000
      48,253 SF

      580 Virginia Dr

      OFFICE BUILDING
      580 Virginia Dr, Fort Washington, PA 19034-2715
      View Details
    • Value Estimation
      $5,580,000
      52,608 SF

      275 Commerce Dr

      OFFICE BUILDING
      275 Commerce Dr, Fort Washington, PA 19034-2407
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      54,000 SF

      Visible Office Space on Route 309

      Office space for lease with high visibility and ample parking.
      7111 Valley Green Rd, Fort Washington, PA 19034
      View Details
    • Contact for pricing

      Class A Office Building

      Class A office building with easy access to major routes.
      455 Pennsylvania Ave, Fort Washington, PA 19034
      View Details
    • Contact for pricing
      65,000 SF

      Premier Fort Washington Office Property

      680,000 SF Class A office near PA Turnpike.
      1100-1140 Virginia 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
      857 SF

      Highland Office Center Space Available

      Office spaces for rent at Highland Office Center.
      550 Pinetown Rd, Fort Washington, PA 19034
      View Details
    • Contact for pricing

      Highly Visible Property on Route 309

      Highly visible commercial property near PA Turnpike interchange.
      7111 E Valley Green Rd, Fort Washington, PA 19034
      View Details
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    Fort Washington, PA 19034-3315
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    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
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