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    60 Portland Rd Conshohocken, PA 19428-2717
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    Property profile & analytics

    60 Portland Rd, Conshohocken, PA 19428-2717

    View on Map
    • Warehouses
    • 52,000 SF
    • 3.00 lot acres
    Off-Market
    Last Sale Mar 7, 2023
    $7,850,000
    Property ID
    US73-1192720
    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
    $8,100,000
    Show details
    Cap Rate Potential
    6.2%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 60 Portland Rd

    Year built
    1987
    Lot size
    3.00 lot acres
    Zone code
    HI
    Property type
    Warehouses
    APN
    24-00-00098-00-4
    APU
    240000098004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 7, 2023 $7,850,000 Vv451 LLC Greene Guys LP Special Warranty Deed $6.6M · Tompkins Trust Co
    Apr 13, 2015 — Greene Guys LP Montgomery County Dev Corp Grant Deed $2.6M · Gerald & Nina Greene
    Dec 30, 2010 — Greene Guys LP Montgomery Cnty Indl Dev Co Deed Of Trust · related $7M · Vist Bank
    Dec 28, 2004 — Montgomery Cnty Indl Dev Corp Greene Guys Grant Deed $915k · Pennsylvania Ind'l Dev Auth
    — — Archiballd Allan Assocs INC — Deed Of Trust · related $130k · Bryn Mawr Trust Co
    — — Industrial Dev Author Telford — Deed Of Trust · related $130k · Bryn Mawr Trust Co
    — — Industrial Dev Author Telford — Deed Of Trust · related $130k · Bryn Mawr Trust Co
    — — Grand Greene LLC — Deed Of Trust · related $915k · Wachovia Bank NA
    — — Gerald R Greene — Deed Of Trust · related $915k · Pennsylvania Ind'l Dev Auth
    — — Greene Guys LP — Deed Of Trust · related $1M · Vist Bank
    — — Greene Guys LP — Deed Of Trust · related $100k · Vist Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,520,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,865,000
      6.5%
      $8,185,000
      7%
      $7,600,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,614,000
      Market price range: $2.95M - $7.02M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $8,510,000
      COMMERCIAL (GENERAL)
      $8,315,000
      MEDICAL BUILDING
      $8,195,000
      RESTAURANT
      $7,300,000
      APARTMENT HOUSE (5+ UNITS)
      $7,225,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Conshohocken
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.3234
    Latitude
    40.0736
    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
    $51,382
    $0.00
    $0.00
    $1,811,890
    -
    $0.00
    $0.00
    $1,811,890

    Comparable in this City

    • Value Estimation by Request
      44,674 SF

      433 Washington St

      WAREHOUSE, STORAGE
      433 Washington St, Conshohocken, PA 19428
      View Details
    • Value Estimation
      $1,885,000
      19,820 SF

      40 Portland Rd

      WAREHOUSE, STORAGE
      40 Portland Rd, W Cnshohocken, PA 19428-2717
      View Details
    • Value Estimation
      $2,450,000
      25,032 SF

      8 Un Hl Rd

      WAREHOUSE, STORAGE
      8 Un Hl Rd, W Cnshohocken, PA 19428-2722
      View Details
    • Value Estimation
      $6,155,000
      41,978 SF

      6 Un Hl Rd

      WAREHOUSE, STORAGE
      6 Un Hl Rd, W Cnshohocken, PA 19428-2719
      View Details
    • Value Estimation
      $3,465,000
      40,128 SF

      181 Wn Ln

      WAREHOUSE, STORAGE
      181 Wn Ln, Conshohocken, PA 19428-1318
      View Details
    • Value Estimation
      $1,105,000
      11,321 SF

      520 Colwell Ln

      WAREHOUSE, STORAGE
      520 Colwell Ln, Conshohocken, PA 19428-1150
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Whitemarsh Township Warehouse Opportunity

      Warehouse with reception area, two restrooms, and off-street parking.
      5 River Rd, Conshohocken, PA 19428
      View Details
    • $899,000
      0.81 Acres

      Warehouse on Large Lot

      Warehouse with reception, two restrooms, and off-street parking.
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    • $2,500,000
      1.65 Acres

      Conshohocken Office Building - Prime Location

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      1207 Fayette St, Conshohocken, PA 19428
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    • $650,000
      Pending

      Conshohocken Duplex: Investor Opportunity

      Solid brick duplex in Conshohocken, ideal for investors or owner-occupants.
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      View Details
    • $594,000
      Pending

      Conshohocken Duplex with Detached Garage

      Two-unit property with detached garage and ample outdoor space.
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      View Details
    • Contact for pricing
      5,775 SF

      Turnkey Restaurant Opportunity in Conshohocken

      Fully built-out restaurant with outdoor dining and redevelopment potential.
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    Similar Nearby for Lease

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      Adaptable Retail Space in Conshohocken

      Versatile retail space with warehouse and office/storage areas.
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      27,732 SF

      Converted Warehouse with Outdoor Patio

      27,732 SF Class A converted warehouse with 16' ceilings.
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      View Details
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      Conshohocken Office Space Available

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      West Conshohocken Office Space

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      View Details
    • Contact for pricing
      7,543 SF

      Unique Industrial-Style Office Space

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      View Details
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    Conshohocken, PA 19428-2717
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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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    60 Portland Rd, Conshohocken, PA, 19428
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