Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    668 Bethlehem Pike Lansdale, PA 18936

    • Strip malls
    • 44,828 SF
    • 4.71 lot acres
    For Lease
    View listing
    Last Sale
    Apr 28, 2022
    $4,900,000
    Value Estimations
    $4,930,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1120795
    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

    • Strip malls

    Property Details for 668 Bethlehem Pike

    Year built
    1973
    Lot size
    4.71 lot acres
    Property size
    44,828 SF
    Zone code
    C
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    46-00-00434-00-6
    APU
    460000434006

    Description

    Northgate Plaza, located at 668 Bethlehem Pike in Montgomeryville, PA 18936, offers a unique retail investment opportunity. This single-story, 45,000 square foot building features six suites, with one 7,215 square foot space currently available. Situated in the Philadelphia suburbs, the property benefits from high visibility along Route 309 (Bethlehem Pike), boasting daily traffic exceeding 31,000 vehicles. Its strategic location near Montgomery Mall ensures excellent access to a large customer base. The property is zoned C-Commercial and offers a flexible layout suitable for various retail and service businesses. The building features a prominent pylon sign for maximum brand exposure and ample on-site parking with over 100 spaces. This exceptional property presents a rare chance to establish or expand a business in a thriving Montgomery County commercial area. The diverse space allows for both front retail and alternative rear retail uses, catering to a wide range of business needs. The strong demographics and high traffic count make this a highly desirable location for businesses seeking significant visibility and accessibility. Don't miss this chance to secure a prime space in this bustling retail corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,070,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,853,000
      Market price range: $2.82M - $9.76M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,845,000
      Current use
      OFFICE BUILDING
      $7,335,000
      Change: +26% Conversion: Moderate
      MEDICAL BUILDING
      $7,065,000
      Change: +21% Conversion: Difficult
      RESTAURANT
      $6,290,000
      Change: +8% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $6,230,000
      Change: +7% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $5,015,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomeryville
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.249
    Latitude
    40.2554
    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
    $83,861
    $0.00
    $0.00
    $2,248,000
    -
    $0.00
    $0.00
    $2,248,000

    Comparable in this City

    • Value Estimation
      $4,110,000
      56,522 SF

      782 Bethlehem Pike

      SHOPPING CENTER, STRIP CENTER • 56,522 SF
      782 Bethlehem Pike, Montgomeryville, PA 18936
      View Details
    • Value Estimation
      $4,955,000
      37,637 SF

      772 Bethlehem Pike

      SHOPPING CENTER, STRIP CENTER • 37,637 SF
      772 Bethlehem Pike, Montgomeryville, PA 18936-9632
      View Details
    • Value Estimation
      $1,685,000
      18,000 SF

      741 Bethlehem Pike, Unit 751

      SHOPPING CENTER, STRIP CENTER • 18,000 SF
      741 Bethlehem Pike, Montgomeryville, PA 18936-9602
      View Details
    • Value Estimation
      $765,000
      7,896 SF

      755 Bethlehem Pike

      SHOPPING CENTER, STRIP CENTER • 7,896 SF
      755 Bethlehem Pike, Montgomeryville, PA 18936-9602
      View Details
    • Value Estimation
      $1,275,000
      11,520 SF

      Bethlehem Pike

      SHOPPING CENTER, STRIP CENTER • 11,520 SF
      Bethlehem Pike, Montgomeryville, PA 18936
      View Details
    • Value Estimation
      $985,000
      9,775 SF

      705 Bethlehem Pike

      SHOPPING CENTER, STRIP CENTER • 9,775 SF
      705 Bethlehem Pike, Montgomeryville, PA 18936-9602
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.18 Acres

      Bethlehem Pike Retail Opportunity

      Vacant Land, 2.18 Acres, Commercial Zoning
      712 Bethlehem Pike, Montgomeryville, PA 18936
      View Details
    • Contact for pricing
      3,234 SF

      Montgomeryville Retail/Office Building

      Prime Location, 3,234 SF, Two-Story
      735 Bethlehem Pike, Montgomeryville, PA 18936
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      45,000 SF

      Northgate Plaza Retail Space

      Prime Lansdale Retail Opportunity
      668 Bethlehem Pike, Lansdale, PA 18936
      View Details
    • Contact for pricing
      1 SF

      Montgomeryville Commercial Land for Lease

      2.18 Acres, Prime Commercial Location
      712 Bethlehem Pike, Montgomeryville, PA 18936
      View Details
    • Contact for pricing
      25,282 SF

      Montgomeryville Office Campus Investment

      Five-building office complex, 2 suites available
      595 Bethlehem Pike, Montgomeryville, PA 18936
      View Details
    • $650 /Mo
      80,150 SF

      Private Office in Montgomeryville Business Center

      Private office for lease in a shared business center.
      593 Bethlehem Pike, Montgomeryville, PA 18936
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    668 Bethlehem Pike
    Lansdale, PA 18936
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.