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    653 W Skippack Pike Blue Bell, PA 19422

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    653 W Skippack Pike Blue Bell, PA 19422

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    • Office buildings
    • 65,024 SF
    • 2.85 lot acres
    For Lease
    $8,170,000
    View Listing →
    Blue Bell Medical Building Location For Lease
    $8,170,000

    Blue Bell Medical Building Location

    Exceptional location for medical and office users outside Philadelphia.

    653 W Skippack Pike, Blue Bell, PA 19422
    View Listing
    Property ID
    US73-5593601
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gordon/Nelson Group Residential Real Estate / Real Estate Agency
    • Meridian Bank Mortgage - Blue Bell / Loan Service / Bank
    • Lindsay Insurance Group Inc / Insurance Agency
    • Mironov Group Llc / Automotive
    • Zachary Ezrow / Pediatrician / Physician

    Property Details for 653 W Skippack Pike

    Year built
    1972
    Lot size
    2.85 lot acres
    Property size
    65,024 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    66-00-06547-00-2
    APU
    660006547002

    Description

    This Class A, four-story medical office building in Blue Bell, PA, offers multiple turnkey suites ranging from 1,180 to 20,000 square feet. Located at 653 W Skippack Pike, 19422, this 58,875 square foot building boasts 26,000 square feet of immediately available space. The property underwent renovations in 2023 and features two elevators for convenient access to all floors. Its prime location in Montgomery County offers exceptional access to major roadways including US Route 202 and Interstate 476, providing easy commutes to King of Prussia, Philadelphia, and the broader Delaware Valley. The building is situated near a variety of amenities, including dining, fitness centers, retail shopping, and hotels, enhancing the convenience for tenants and their clients. The building is ideal for medical practices, traditional office users, or coworking spaces, offering a versatile and modern workspace in a highly desirable location. The building's strategic placement near the Plymouth Meeting Interchange and Pennsylvania Turnpike ensures seamless connectivity to the region's major transportation networks. This is a unique opportunity to secure high-quality office space in a thriving suburban market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,303,000
      Market price range: $6.14M - $16.4M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $10,640,000
      Current use
      MEDICAL BUILDING
      $10,250,000
      Change: -4% Conversion: Easy
      RESTAURANT
      $9,125,000
      Change: -14% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $9,040,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Bell
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2677
    Latitude
    40.1541
    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
    $136,902
    $508,830
    $3,827,890
    $4,336,720
    -
    $508,830
    $3,827,890
    $4,336,720

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      17,440 SF

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      View Details
    • Value Estimation
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      35,380 SF

      1450 Un Meeting Rd

      OFFICE BUILDING • 35,380 SF
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      View Details

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      Blue Bell Office Space Available

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      Blue Bell Office Space Available

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      Class A Office Buildings ForRent

      Class A office buildings with ample parking in Blue Bell.
      589 Skippack Pike, Blue Bell, PA 19422
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      Upgraded Office Space Available

      Modern office building with high-end amenities and medical tenants.
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      Class A Office Space

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      Blue Bell Freestanding Office Buildings

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    View Listing
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    Blue Bell, PA 19422
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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.

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    653 W Skippack Pike, Blue Bell, PA, 19422

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