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Property profile & analytics
OFF-MARKET Estimated value $1,820,000
Office buildings

6198 Butler Pike Blue Bell, PA 19422-2600

25,956 SF 1.83 ac lot Built 1968
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US73-5786803
Property summary
AI-generated overview

This exceptional two-story, 25,956 square foot office building in Blue Bell, Pennsylvania presents a compelling investment opportunity. Located at 6198 Butler Pike, this Class B property boasts 24,000 square feet of net rentable space and is currently tenant-occupied, with leases extending into 2025. The asking price is $2,450,000, representing a compelling 9.57% cap rate and a pro-forma NOI of $234,420. Built in 1968 and renovated in 2004, the building features a new roof and HVAC system installed in 2022. Situated on a 1.825-acre lot (APN: 65-00-01378-00-6), the property is zoned VC-4, allowing for versatile use. Its prime location offers easy access to major thoroughfares, including Route 73, Butler Pike, Route 476, 202, 76, and the Pennsylvania Turnpike. The surrounding area boasts a high average household income (over $173,000) and significant population density (over 43,000 within 3 miles), creating a strong tenant pool. Ample parking is available. This meticulously maintained property is ideal for investors seeking a stable, high-return investment or businesses looking for a well-located office space. The property's enduring appeal and versatile zoning make it an attractive and flexible investment opportunity in a thriving business community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1968
Total area 25,956 SF
Lot 1.83 ac (79,497 SF)
Zoning code VC4
APN 65-00-01378-00-6
UPID US73-5786803
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Carolyn Solo LCSW Psychotherapist
  • Riordan Materials Corporation Corporate Office
  • Leedy-Nagele Associates, LLC Insurance Agency
  • Kappa Map Group, LLC (Bike/Boat/Book/etc) Store
  • State Farm Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.46M
Blend (final) Blend
$1.82M
Owner & transaction history
Gressen Properties Bb LLC · 1 yrs held
Gressen Properties Bb LLC
since 2025
Last sale
$2.0M
5 recorded transactions
2025
$2.0M
2004
Price N/A
2004
Price N/A
1997
Price N/A
1969
Price N/A
Zoning & alternative use
VC4 · Blue Bell, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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