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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    602 Skippack Pike Blue Bell, PA 19422-1710

    • Turn key restaurants
    • 10,755 SF
    • 1.50 lot acres
    OFF-MARKET
    Last Sale
    Dec 15, 2020
    $1,400,000
    Value Estimations
    $1,480,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5555889
    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.

    Current Use by Public Records

    • Panache Woodfire Grill / Restaurant

    Property Details for 602 Skippack Pike

    Year built
    1771
    Lot size
    1.50 lot acres
    Property size
    10,755 SF
    Zone code
    C
    Property type
    Turn key restaurants
    APN
    66-00-06190-00-8
    APU
    660006190008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,585,000
      ML approach
      $1,565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,435,000
      Market price range: $947k - $2.50M
      AI Estimate
      $987,000
      Market price range: $592k - $1.55M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,510,000
      Current use
      OFFICE BUILDING
      $1,760,000
      Change: +17% Conversion: Moderate
      MEDICAL BUILDING
      $1,695,000
      Change: +12% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,495,000
      Change: -1% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,400,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Bell
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2669
    Latitude
    40.1522
    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
    $22,246
    $228,380
    $476,300
    $704,680
    -
    $228,380
    $476,300
    $704,680

    Comparable in this City

    • Value Estimation
      $1,945,000
      10,019 SF

      1144 Dekalb Pike

      RESTAURANT • 10,019 SF
      1144 Dekalb Pike, Blue Bell, PA 19422-1814
      View Details
    • Value Estimation
      $930,000
      6,189 SF

      1760 Swede Rd

      RESTAURANT • 6,189 SF
      1760 Swede Rd, Blue Bell, PA 19422-3522
      View Details
    • Value Estimation
      $1,535,000
      14,160 SF

      799 Dekalb Pike

      RESTAURANT • 14,160 SF
      799 Dekalb Pike, Center Square, PA 19422-1213
      View Details
    • Value Estimation
      $830,000
      9,372 SF

      1529 Dekalb Pike

      RESTAURANT • 9,372 SF
      1529 Dekalb Pike, Blue Bell, PA 19422-3349
      View Details
    • Value Estimation
      $690,000
      5,842 SF

      1016 Dekalb Pike

      RESTAURANT • 5,842 SF
      1016 Dekalb Pike, Blue Bell, PA 19422-1812
      View Details
    • Value Estimation
      $810,000
      11,240 SF

      931 Butler Pike

      RESTAURANT • 11,240 SF
      931 Butler Pike, Blue Bell, PA 19422-2401
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,073 SF

      Historic Tavern in Blue Bell/Ambler

      Pennsylvania's oldest licensed tavern in affluent Blue Bell/Ambler market.
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      View Details
    • Contact for pricing
      2.65 Acres

      Prime Blue Bell Commercial Land

      2.65 Acres, High Traffic, Retail Ready
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      4,000 SF

      High-Profile Retail Opportunity

      Retail space available on a high-traffic corner lot.
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      View Details
    • $1,200,000
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      Blue Bell Commercial Land - $1.2M

      High-visibility Route 202 development site.
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    • $745,000

      Blue Bell Carriage House

      Lovingly maintained home in Blue Bell Country Club.
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      5,736 SF

      Blue Bell Office Building For Sale

      Single-tenant office building with prominent signage and ample parking.
      581 Skippack Pike, Blue Bell, PA 19422
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      103,580 SF

      Blue Bell Retail Center Opportunity

      Prime retail space, 1,289-1,800 sq ft available.
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      View Details
    • $2 SF/Yr
      58,875 SF

      Blue Bell Medical Office Suites

      Turnkey medical & office spaces available.
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      View Details
    • Contact for pricing
      4,000 SF

      Class A Office Buildings ForRent

      Class A office buildings with ample parking in Blue Bell.
      589 Skippack Pike, Blue Bell, PA 19422
      View Details
    • Contact for pricing
      35,000 SF

      Blue Bell Office Space

      35,000 sqft office space available for rent.
      300 Sentry Pkwy, Blue Bell, PA 19422
      View Details
    • $4,000 /Mo
      37,897 SF

      Renovated Office Building in Blue Bell

      Historic, fully renovated office building on a desirable corner lot.
      598 Skippack Pike, Blue Bell, PA 19422
      View Details
    • Contact for pricing
      5,783 SF

      Prime Blue Bell Office Space

      5,783 SF Office, Ample Parking
      1780 Swede Rd, Blue Bell, PA 19422
      View Details
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    Blue Bell, PA 19422-1710
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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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