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    575 Horsham Rd Horsham, PA 19044-1881

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    Property profile & analytics

    575 Horsham Rd Horsham, PA 19044-1881

    View on Map
    • Strip malls
    • 39,531 SF
    • 4.81 lot acres
    Off-Market
    Last Sale Mar 28, 2022
    Property ID
    US73-3004573
    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
    $2,515,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Bagel and Bread House / (Bike/Boat/Book/etc) Store / Bakery
    • Driven2Drive Premier Driving School & Testing Center - Horsham / Training Center / Vocational School
    • Horsham Square Pharmacy / Pharmacy
    • Sawmill Cleaners / (Bike/Boat/Book/etc) Store
    • United States Postal Service / Logistics Service / Money Order Service

    Property Details for 575 Horsham Rd

    Year built
    1990
    Lot size
    4.81 lot acres
    Property size
    39,531 SF
    Zone code
    LC3
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    36-00-05562-00-9
    APU
    360005562009

    Description

    This exceptional retail opportunity is located at 575 Horsham Road in Horsham, Pennsylvania, within Montgomery County. The property, known as Horsham Corner, is a multi-tenant retail building totaling 31,000 square feet. Currently, a single storefront space of 1,688 square feet is available for lease. This presents a fantastic chance for businesses seeking a prominent location in a busy area. The address offers excellent visibility and accessibility, making it ideal for a variety of retail uses. The building's overall size and multiple tenancy suggest a thriving commercial environment. The specific submarket and submarket cluster information is not currently available. This 1,688 square foot space is ready for immediate occupancy and presents a unique opportunity to establish or expand your business in a high-traffic area of Horsham, PA, zip code 19044. The property's geographic coordinates are 40.187476 latitude and -75.1468309 longitude. Further details regarding lease terms and conditions are available upon request. Don't miss this chance to secure a prime retail location in a desirable Pennsylvania market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,820,000
      Market price range: $1.10M - $2.77M

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

    Location Insight

    • Map
    • Local Demand
    City
    Horsham
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.1472
    Latitude
    40.1879
    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
    $88,444
    $624,470
    $1,625,530
    $2,250,000
    -
    $624,470
    $1,625,530
    $2,250,000

    Comparable in this City

    • Value Estimation
      $945,000
      10,440 SF

      316 Horsham Rd

      SHOPPING CENTER, STRIP CENTER • 10,440 SF
      316 Horsham Rd, Horsham, PA 19044-2114
      View Details
    • Value Estimation
      $1,240,000
      14,264 SF

      537 Easton Rd

      SHOPPING CENTER, STRIP CENTER • 14,264 SF
      537 Easton Rd, Horsham, PA 19044-2144
      View Details
    • Value Estimation
      $1,455,000
      10,121 SF

      810 Welsh Rd

      SHOPPING CENTER, STRIP CENTER • 10,121 SF
      810 Welsh Rd, Horsham, PA 19044-1011
      View Details
    • Value Estimation
      $1,195,000
      13,980 SF

      541 Easton Rd

      SHOPPING CENTER, STRIP CENTER • 13,980 SF
      541 Easton Rd, Horsham, PA 19044-2124
      View Details
    • Value Estimation
      $10,320,000
      71,680 SF

      314 Horsham Rd

      SHOPPING CENTER, STRIP CENTER • 71,680 SF
      314 Horsham Rd, Horsham, PA 19044-2109
      View Details
    • Value Estimation by Request
      9,900 SF

      222 Horsham Rd

      SHOPPING CENTER, STRIP CENTER • 9,900 SF
      222 Horsham Rd, Horsham, PA 19044-2549
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail Space in Horsham Center

      Retail space available in a busy Horsham shopping center.
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      Horsham Retail Spaces Available

      Retail spaces available, ranging from 457 to 5,396 SqFt.
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      Updated Office Space with Amenities

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      Maple Glen Retail Opportunity

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    Horsham, PA 19044-1881
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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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