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

    603 Main St Phoenixville, PA 19460-3855

    • Office buildings
    • 8,065 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimations
    $1,160,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1473536
    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

    • Ludwick Mark D DPM / Podiatrist

    Property Details for 603 Main St

    Year built
    1948
    Lot size
    0.77 lot acres
    Property size
    8,065 SF
    Zone code
    NCR2
    Property type
    Office buildings
    APN
    1514 00730000
    APU
    151400730000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,345,000
      Market price range: $872k - $2.17M
      AI Estimate
      $879,000
      Market price range: $612k - $1.31M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,480,000
      Current use
      AUTO REPAIR, GARAGE
      $1,725,000
      Change: +16% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,640,000
      Change: +11% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,530,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenixville
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.5133
    Latitude
    40.1263
    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
    2024
    $16,429
    $70,880
    $287,060
    $357,940
    -
    $70,880
    $294,980
    $365,860

    Comparable in this City

    • Value Estimation
      $510,000
      2,962 SF

      710 Main St

      OFFICE BUILDING • 2,962 SF
      710 Main St, Phoenixville, PA 19460-3844
      View Details
    • Value Estimation
      $675,000
      4,410 SF

      100 1st Ave

      OFFICE BUILDING • 4,410 SF
      100 1st Ave, Phoenixville, PA 19460-3700
      View Details
    • Value Estimation
      $1,015,000
      18,200 SF

      207 Church St

      OFFICE BUILDING • 18,200 SF
      207 Church St, Phoenixville, PA 19460-3413
      View Details
    • Value Estimation
      $1,465,000
      13,677 SF

      21 Gay St

      OFFICE BUILDING • 13,677 SF
      21 Gay St, Phoenixville, PA 19460-3475
      View Details
    • Value Estimation
      $545,000
      7,375 SF

      15 Main St

      OFFICE BUILDING • 7,375 SF
      15 Main St, Phoenixville, PA 19460-3486
      View Details
    • Value Estimation by Request
      2,496 SF

      26 Main St

      OFFICE BUILDING • 2,496 SF
      26 Main St, Phoenixville, PA 19460-3436
      View Details

    Similar Nearby for Sale

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      1.78 Acres

      Phoenixville Land with Historic Mansion

      1.77-acre property with a 14,802 SF mansion in Phoenixville.
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    • $2,250,000
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      Historic Phoenixville Mansion and Land

      1.77-acre property with a 14,802 SF mansion and vacant lot.
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      0.71 Acres

      Phoenixville Office Suites for Lease

      Historic building, flexible office spaces, all utilities included.
      1243 Valley Forge Rd, Phoenixville, PA 19460
      View Details
    • $1,800,000
      12,368 SF

      Phoenixville Office Building - 1.41 Acres

      Spacious Office Building, 12,368 sq ft, prime location.
      14 Chrisevyn Ln, Phoenixville, PA 19460
      View Details
    • $220,000
      1,880 SF

      Phoenixville Office Condo For Sale

      Office condo with loft, kitchenette, and unfinished basement.
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    • $610,000

      Class A Office Space

      Prime Phoenixville/Valley Forge location, ideal for medical or executive use.
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      View Details

    Similar Nearby for Lease

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      9,400 SF

      Phoenixville Office Space Available

      Office space for rent in Phoenixville with ample parking.
      1003 Egypt Rd, Phoenixville, PA 19460
      View Details
    • $3,100 /Mo
      6,534 SF

      Phoenixville Commercial Space For Lease

      Versatile commercial space in downtown Phoenixville, PA.
      315 Gay St, Phoenixville, PA 19460
      View Details
    • Contact for pricing
      36,150 SF

      Class A Medical Office Building

      Medical office building with high visibility and ample parking.
      400 Cresson Blvd, Phoenixville, PA 19460
      View Details
    • $1,600 /Mo
      42,253 SF

      Phoenixville Office Space For Lease

      Commercial office spaces with shared amenities and modern industrial finishes.
      710 Wheatland St, Phoenixville, PA 19460
      View Details
    • $1,500 /Mo
      42,253 SF

      Modern Office Spaces Available

      Newer office spaces with shared amenities in Phoenixville, PA.
      710 Wheatland St, Phoenixville, PA 19460
      View Details
    • Contact for pricing
      62,175 SF

      Phoenixville Medical Office Space Available

      Medical office spaces available for rent in Phoenixville, PA.
      824 Main St, Phoenixville, PA 19460
      View Details
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    603 Main St
    Phoenixville, PA 19460-3855
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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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