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    Property profile & analytics

    681 Harleysville Pike Harleysville, PA 19438

    • Office buildings
    • 8,037 SF
    • 0.63 lot acres
    For Sale
    View listing
    $950,000
    Last Sale
    May 09, 2024
    $1,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5804185
    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

    • Kathryn Beccaria / Marriage Or Relationship Counselor
    • Lyn Rairdon / Foster Care Service / Social Service Agency
    • Dr. Elbert Saddler / Physician / Medical Clinic
    • Collaborative Care / Crisis Center / Medical Clinic
    • Sharon Yerger / Counselor

    Property Details for 681 Harleysville Pike

    Year built
    1990
    Lot size
    0.63 lot acres
    Property size
    8,037 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    50-00-03601-00-3
    APU
    500003601003

    Description

    This exceptional Class A office building, located at 681 Harleysville Pike in Harleysville, Pennsylvania (zip code 19438), presents a unique investment opportunity for owner-users or investors. The property, built in 1990, offers 6,484 square feet of net rentable space spread across three stories. Its versatile design suits various uses, including traditional office, medical office, and creative office spaces. Currently vacant and ready for immediate occupancy (available September 13, 2022), this building boasts ample parking with 22 spaces. The asking price is $950,000, translating to $146.51 per square foot. The building features a partially finished basement, adding potential for expansion or additional storage. Its prime location in Montgomery County, Pennsylvania, offers excellent accessibility and visibility. This is a rare opportunity to acquire a well-maintained, move-in ready office building in a desirable location. The property's versatility and ample parking make it an attractive option for a wide range of businesses. Don't miss this chance to secure a valuable asset in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,000,000
      ML approach
      $1,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,069,000
      Market price range: $759k - $2.03M
      AI Estimate
      $754,000
      Market price range: $587k - $1.51M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,315,000
      Current use
      MEDICAL BUILDING
      $1,265,000
      Change: -4% Conversion: Easy
      RESTAURANT
      $1,130,000
      Change: -14% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,115,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Harleysville
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.4061
    Latitude
    40.263
    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
    $17,789
    $62,200
    $373,090
    $435,290
    -
    $62,200
    $373,090
    $435,290

    Comparable in this City

    • Value Estimation
      $750,000
      10,678 SF

      690 Harleysville Pike

      OFFICE BUILDING (MULTI-STORY) • 10,678 SF
      690 Harleysville Pike, Harleysville, PA 19438-2824
      View Details
    • Value Estimation
      $1,125,000
      7,860 SF

      272 Ruth Rd

      OFFICE BUILDING • 7,860 SF
      272 Ruth Rd, Harleysville, PA 19438-1927
      View Details
    • Value Estimation
      $12,630,000
      90,053 SF

      275 Ruth Rd

      OFFICE BUILDING • 90,053 SF
      275 Ruth Rd, Harleysville, PA 19438-1952
      View Details
    • Value Estimation
      $650,000
      3,572 SF

      3990 Ashland Dr

      OFFICE BUILDING (MULTI-STORY) • 3,572 SF
      3990 Ashland Dr, Harleysville, PA 19438
      View Details
    • Value Estimation
      $670,000
      4,406 SF

      331 Ruth Rd

      OFFICE BUILDING (MULTI-STORY) • 4,406 SF
      331 Ruth Rd, Harleysville, PA 19438-1914
      View Details
    • Value Estimation
      $19,760,000
      246,631 SF

      355 Maple Ave

      OFFICE BUILDING • 246,631 SF
      355 Maple Ave, Harleysville, PA 19438-2222
      View Details

    Similar Nearby for Sale

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      Two-Story Office Building For Sale

      Two-story office building with finished basement and private parking.
      681 Harleysville Pike, Harleysville, PA 19438
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    • Contact for pricing
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      1.00 Acre

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      Prime 1-acre commercial lot, flexible development.
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    Similar Nearby for Lease

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      Harleysville Office Suites for Lease

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      View Details
    • Contact for pricing
      2,295 SF

      Harleysville Office Space Available

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      Harleysville Office Space Available

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      View Details
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    681 Harleysville Pike
    Harleysville, PA 19438
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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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