Property profile

632 Germantown Pike Lafayette Hill, PA 19444

OFF-MARKET
Investment properties
Property ID
US73-1442826
4,832 SF 0.67 ac lot Built 1940
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 180-square-foot office space is ideally situated in the heart of Lafayette Hill, at 632 Germantown Pike. Located in a two-story, Class B building constructed in 1945 and renovated in 2021, this suite offers a street-level, traditional office layout measuring 12x15 feet. The space includes access to a shared conference room, and all utilities are included in the monthly rent. Multiple tenancy options are available, with a single office available for $695 per month or two offices available for $1200 per month. The property boasts a high-visibility corner location with a traffic signal, resulting in an impressive 16,000 cars passing daily. This prime location offers excellent signage opportunities, allowing for prominent window signage. Ample parking is available on-site for tenants and clients. The building is conveniently located within walking distance of various shopping and dining options. The zoning is Village Commercial. The property features 27 total parking spaces. Occupancy is available as early as August 1st, 2024, or October 1st, 2024. This is a fantastic opportunity for a business seeking a well-maintained, conveniently located, and highly visible office space in a thriving commercial area.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1940
Total area 4,832 SF
Lot 0.67 ac (29,000 SF)
Zoning code VC1
APN 65-00-04558-00-3
UPID US73-1442826

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Real Estate Agency
  • Physician Medical Clinic
  • Physician

Location

632 Germantown Pike Lafayette Hill, PA 19444-1641
Lafayette Hill metro Census 203104 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$635k
CAP Approach CAP
$770k
Comparable Approach Comparable
$706k
Blend (final) Blend
$655k

Owner & transaction history

since 2020
Last sale
$682,405
7 recorded transactions
2020
Price N/A
2020
$682,405
2008
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

VC1 · Lafayette Hill, PA
Top alternative use upside
Office building $790,000 +52.0%
Medical building $760,000 +46.4%
Neighborhood: shopping center $630,000 +21.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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