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Property profile & analytics
OFF-MARKET
Commercial real estate
650 Montgomery Ave Narberth, PA 19072-2031
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-0695501
Property summary
AI-generated overview
This exceptional 2,767 square foot retail space is the last remaining opportunity in the highly desirable Narberth Square development in Montgomery County, Pennsylvania. Located at 650 Montgomery Avenue, Narberth, PA 19072, this inline space is part of a vibrant mixed-use development that includes 25 luxury apartments. The property boasts a prime location with excellent visibility and accessibility. Current tenants include well-established businesses such as Rite Aid, Citizen's Bank, Goodness Bowls, Bond Vet, and KinderCare, creating a strong and diverse tenant mix. The development offers 130 convenient off-street parking spaces for customers and employees. The space itself has been thoughtfully prepared, featuring black iron ductwork already installed, simplifying tenant improvements. This is a rare opportunity to secure a prominent retail presence in a thriving community with a strong existing tenant base and ample parking. Don't miss your chance to be part of this successful development. Contact us today to learn more about this exceptional retail space.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMON AREA (COMMERCIAL)
Zoning code
C
APN
12-00-02542-02-9
UPID
US73-0695501
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rite Aid Of Pennsylvania LLC · 3 yrs held
Rite Aid Of Pennsylvania LLC
since 2022
4 recorded transactions
Zoning & alternative use
C · Narberth, 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 Narberth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Narberth 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Applied tax rate
12.0000
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
Commercial real estate
Use group
COMMON AREA (COMMERCIAL)
Status
Off-Market
Heating
NONE
Zoning code
C
APN
12-00-02542-02-9
UPID
US73-0695501
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C · Narberth, PAZoning C · permitted uses
C · Narberth, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Rite Aid Of Pennsylvania LLC
Entity
Free & Clear · 3 yrs held
Mailing address
230 WINDSOR AVE, NARBERTH, PA 19072-2217
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2023
—
Uc Narberth Gardens LLC
—
Deed
related
$15,397,200 · Td Bank NA
Nov 30, 2022
—
Rite Aid Of Pennsylvania LLC
Meetinghouse Development Associates
Deed
—
Jun 9, 2021
$1,600,000
Uc Narberth Gardens LLC
John Albrecht Nurseries INC
Deed
—
Apr 12, 2017
—
Meetinghouse Dev Associates LP
—
Deed
related
$2,950,000 · Td Bk NA
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.
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