Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,980,000
Office buildings
649 Lewis Rd Royersford, PA 19468-1234
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US73-0940581
Property summary
AI-generated overview
The Limerick Medical Building, a Class A, two-story medical office building, offers 38,734 square feet of space in Royersford, Pennsylvania. Built in 1989 and extensively renovated in 2022, this property boasts 11 suites, with 6,422 square feet currently vacant, divisible into spaces ranging from 1,280 to 6,422 contiguous square feet. Located at 649 N Lewis Rd, Royersford, PA 19468 (cross street: D and L Drive), the building sits on 2.81 acres in Montgomery County and is zoned for Limited Industrial District (APN: 37-00-01762-001). The convenient location offers easy access to Route 422, US Route 202, and Interstate-76, placing it minutes from major transportation arteries. Ample parking is provided with 168 spaces, and a single elevator services the building. Its prime location directly across from the Phoenixville Hospital Outpatient and Surgery Center presents a unique opportunity for medical practices seeking synergistic placement. This exceptional property is ideal for medical and office users in Montgomery County and the surrounding Western Suburbs.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
39,342 SF
Lot
2.64 ac (114,998 SF)
Zoning code
OLI
APN
37-00-01762-00-1
UPID
US73-0940581
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.94M
Blend (final)
Blend
$4.98M
Owner & transaction history
Lewis Road Associates LLC · 19 yrs held
Lewis Road Associates LLC
since 2006
7 recorded transactions
Zoning & alternative use
OLI · Royersford, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Royersford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Royersford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,435,000
Current use
MEDICAL BUILDING
$6,200,000
Change: -4% · Conversion: Easy
RESTAURANT
$5,520,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,470,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$4.98M
Range $4.48M – $5.48M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$127 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$99,530
Tax year 2023
Assessed value
$2,574,000
Assessed 2024
Previous assessed
$2,574,000
+0.0% YoY
Effective rate
3.87%
On assessed value
Total market value
$2,574,000
Applied tax rate
37.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
1
Total area
39,342 SF
Lot
2.64 ac (114,998 SF)
Zoning code
OLI
APN
37-00-01762-00-1
UPID
US73-0940581
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
OLI · Royersford, PA
Zoning OLI · permitted uses
OLI · Royersford, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Royersford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$6.2M
RESTAURANT
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
2.64 ac
Current owner
From public records · entity-resolved
Lewis Road Associates LLC
Entity
Mailing address
1000 GERMANTOWN PIKE STE A2, PLYMOUTH MEETING, PA 19462-2481
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2020
—
Lewis Road Associates LLC
—
Deed
related
$9,400,000 · American Heritage FCU
Jan 20, 2012
—
Lewis Road Associates LLC
—
Deed Of Trust
related
$1,852,477 · Pnc Bank
Jul 31, 2006
$4,400,000
Lewis Road Associates LLC
Lewis Road Associates
Grant Deed
$8,930,000 · Mercantile-safe Deposit & Trus
—
—
Lewis Road Associates LLC
—
Deed Of Trust
related
$1,544,500 · Fulton Bank
—
—
Lewis Road Associates LLC
—
Deed Of Trust
related
$17,892,000 · Fulton Bank
—
—
Lewis Road Assocs
—
Deed Of Trust
related
$1,750,000 · Are Assocs LP
—
—
Lewis Road Associates LLC
—
Deed Of Trust
related
$9,400,000 · American Heritage FCU
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 649 Lewis Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
