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    Property profile & analytics

    649 Lewis Rd Royersford, PA 19468

    • Office buildings
    • 39,342 SF
    • 2.64 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0940581
    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

    • Office buildings

    Property Details for 649 Lewis Rd

    Year built
    1988
    Lot size
    2.64 lot acres
    Property size
    39,342 SF
    Zone code
    OLI
    Property type
    Office buildings
    APN
    37-00-01762-00-1
    APU
    370001762001

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,940,000
      Market price range: $3.72M - $9.92M
      AI Estimate
      $4,024,000
      Market price range: $2.32M - $6.52M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Royersford
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.543
    Latitude
    40.2208
    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
    $99,530
    $0.00
    $0.00
    $2,574,000
    -
    $0.00
    $0.00
    $2,574,000

    Comparable in this City

    • Value Estimation
      $12,390,000
      72,000 SF

      400-450 Cresson Blvd

      OFFICE BUILDING • 72,000 SF
      400-450 Cresson Blvd, Royersford, PA 19468
      View Details
    • Value Estimation
      $1,495,000
      19,480 SF

      200 Limerick Ctr Rd

      PROFESSIONAL BUILDING • 19,480 SF
      200 Limerick Ctr Rd, Royersford, PA 19468-1210
      View Details
    • Value Estimation
      $6,490,000
      55,656 SF

      103 Enterprise Dr

      OFFICE BUILDING • 55,656 SF
      103 Enterprise Dr, Royersford, PA 19468-1281
      View Details
    • Value Estimation
      $2,600,000
      18,000 SF

      690 Enterprise Dr

      OFFICE BUILDING • 18,000 SF
      690 Enterprise Dr, Royersford, PA 19468-1290
      View Details
    • Value Estimation
      $8,725,000
      55,518 SF

      200 Cresson Blvd

      OFFICE BUILDING • 55,518 SF
      200 Cresson Blvd, Royersford, PA 19468
      View Details
    • Value Estimation by Request
      4,950 SF

      290 Main St

      OFFICE BUILDING • 4,950 SF
      290 Main St, Royersford, PA 19468-2217
      View Details

    Similar Nearby for Sale

    • $350,000
      1,950 SF

      Limerick Medical Office Condo

      Prime Medical Office, Royersford, PA
      168 Ridge Pike, Royersford, PA 19468
      View Details
    • Contact for pricing
      27,758 SF

      Creative Office/Medical/Flex Space Available

      Suites available, tenant improvements, signage opportunity, parking.
      826 N Lewis Rd, Limerick, PA 19468
      View Details
    • $350,000
      1,950 SF

      Royersford Office Building For Sale

      Prime Office Space, Excellent Investment
      168 Ridge Pike, Royersford, PA 19468
      View Details
    • Contact for pricing
      0.90 Acres

      Royersford Office Space for Lease

      New Construction Office, High Visibility Location
      429 Lewis Rd, Royersford, PA 19468
      View Details
    • $9,330,000
      37.32 Acres

      Limerick Industrial Land & Buildings

      37 Acres, Prime Location, Investment Opportunity
      679 Ridge Pike, Limerick, PA 19468
      View Details
    • $237,500

      Royersford Condo in Spring-Ford SD

      Well-maintained 2-bedroom condo in a convenient location.
      25 Fords Edge, Limerick, PA 19468
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Retail or Medical Space Available

      Up to 12,000 SF available at signalized intersection.
      36 Ridge Pike W, Royersford, PA 19468
      View Details
    • Contact for pricing
      38,734 SF

      Limerick Medical Building For Lease

      Royersford, PA medical office space available
      649 Lewis Rd, Royersford, PA 19468
      View Details
    • Contact for pricing
      2,045 SF

      Shoppes at Fox Ridge Retail Space

      Prime Retail Space, High Traffic Area
      5 Kugler Rd, Limerick, PA 19468
      View Details
    • Contact for pricing
      2,369 SF

      Royersford Office Space For Lease

      Prime Office Space, Ample Parking
      292 Ridge Pike, Royersford, PA 19468
      View Details
    • Contact for pricing
      8,564 SF

      Royersford Medical Facility for Rent

      Turnkey medical facility with essential features for patient care.
      475 Enterprise Dr, Royersford, PA 19468
      View Details
    • Contact for pricing
      34,906 SF

      Royersford Office Space Available

      Prime Office Suites, Flexible Space
      542 Lewis Rd, Royersford, PA 19468
      View Details
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    649 Lewis Rd
    Royersford, PA 19468
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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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