Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    580 Virginia Dr Fort Washington, PA 19034
    Property profile & analytics

    580 Virginia Dr, Fort Washington, PA 19034

    View on Map
    • Office buildings
    • 48,253 SF
    • 2.88 lot acres
    For Lease
    $19 SF/Yr
    View Listing →
    Fort Washington Office Space Available For Lease
    $19 SF/Yr
    3,017 SF

    Fort Washington Office Space Available

    Office space with excellent access from PA Turnpike.

    580 Virginia Dr, Fort Washington, PA
    View Listing
    Property ID
    US73-0323881
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The O'Gara Agency, LLC / Insurance Agency
    • Component Assembly Systems Inc. / Corporate Office / Business Park
    • Kahn & Co Real Estate / Real Estate Agency
    • Kelly Anne Dolan Memorial Fund / Charitable Organization
    • Materese Family Law, PC / Law Firm

    Property Details for 580 Virginia Dr

    Year built
    1973
    Lot size
    2.88 lot acres
    Zone code
    LIM
    Property type
    Office buildings
    APN
    54-00-16375-03-2
    APU
    540016375032

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 7, 2019 — Vette Associates II LP — Deed · related $2.3M · Provident Bk
    May 12, 2017 — Vette Associates II LP — Deed · related $245k · Provident Bk
    Dec 20, 2013 $2,020,000 Vette Associates II LP Hub Properties Trust Grant Deed —
    Dec 20, 2013 — Vette Associates II LP — Grant Deed · related $2.2M · Team Capital Bank
    Jan 11, 1999 $6,199,000 Hub Properties Trust 580 Joint Venture Assoc LP Grant Deed —
    Jul 18, 1997 $1,500,000 580 Joint Venture Associates Fort Washington Penn Associate Trustees Deed $3.5M · Firstrust Savings Bank
    — — Vette Associates II LP — Deed Of Trust · related $2.3M · Provident Bk
    — — Vette Associates II LP — Deed Of Trust · related $245k · Provident Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,846,000
      Market price range: $4.56M - $12.2M
      AI Estimate
      $5,369,000
      Market price range: $2.24M - $10.2M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,895,000
      Current use
      MEDICAL BUILDING
      $7,605,000
      Change: -4% Conversion: Easy
      RESTAURANT
      $6,775,000
      Change: -14% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $6,705,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Washington
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.1855
    Latitude
    40.1363
    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
    $138,254
    $0.00
    $0.00
    $2,835,000
    -
    $0.00
    $0.00
    $2,835,000

    Comparable in this City

    • Value Estimation
      $8,980,000
      83,998 SF

      515 Pennsylvania Ave

      OFFICE BUILDING
      515 Pennsylvania Ave, Fort Washington, PA 19034-3314
      View Details
    • Value Estimation
      $15,070,000
      122,135 SF

      501 Ofc Ctr Dr

      OFFICE BUILDING
      501 Ofc Ctr Dr, Fort Washington, PA 19034-3220
      View Details
    • Value Estimation
      $7,765,000
      76,008 SF

      475 Virginia Dr

      OFFICE BUILDING
      475 Virginia Dr, Fort Washington, PA 19034-2726
      View Details
    • Value Estimation
      $17,895,000
      87,000 SF

      1005 Virginia Dr

      OFFICE BUILDING
      1005 Virginia Dr, Fort Washington, PA 19034-3101
      View Details
    • Value Estimation
      $6,360,000
      55,100 SF

      1375 Virginia Dr

      OFFICE BUILDING
      1375 Virginia Dr, Fort Washington, PA 19034-3236
      View Details
    • Value Estimation by Request
      678,360 SF

      1100 Virginia Dr

      OFFICE BUILDING
      1100 Virginia Dr, Fort Washington, PA 19034-3276
      View Details

    Similar Nearby for Lease

    • 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

      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
      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
    • $24 SF/Yr
      9,137 SF

      Renovated Class A Office Space

      Class A office space with shared conference facility and seating.
      275 Commerce Dr, Fort Washington, PA 19034
      View Details
    • Sponsored
      Contact for pricing

      Fort Washington

      Discover many ways to work your way in Fort Washington
      500 Office Center Dr, Fort Washington, PA 19034
      View Details
    View Listing
    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.
    580 Virginia 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

    Thank You for Inquiry
    580 Virginia Dr, Fort Washington, PA, 19034
    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!