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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    801 Main St, Unit 809 Lansdale, PA 19446-2028

    • Strip malls
    • 20,640 SF
    • 0.86 lot acres
    OFF-MARKET
    Last Sale
    Jul 05, 2024
    $1,945,500
    Value Estimations
    $1,785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2426594
    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

    • Ramesh RX Pharmacy / Pharmacy
    • SKIPPACK PHARMACY SERVICES / Consultant
    • Friendly Food Mart / Convenience Store
    • Cash2Bitcoin ATM / Atm
    • Cash2Bitcoin Bitcoin ATM / Atm

    Property Details for 801 Main St

    Year built
    1960
    Lot size
    0.86 lot acres
    Property size
    20,640 SF
    Zone code
    B
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    11-00-09636-00-1
    APU
    110009636001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,945,000
      ML approach
      $1,945,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,299,000
      Market price range: $1.30M - $4.49M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,690,000
      Current use
      RESTAURANT
      $2,895,000
      Change: +8% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,870,000
      Change: +7% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,310,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansdale
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2926
    Latitude
    40.2473
    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
    $25,243
    $224,270
    $375,820
    $600,090
    -
    $224,270
    $375,820
    $600,090

    Comparable in this City

    • Value Estimation by Request
      18,075 SF

      1000 Walnut St

      SHOPPING CENTER, STRIP CENTER • 18,075 SF
      1000 Walnut St, Lansdale, PA 19446-1140
      View Details
    • Value Estimation
      $305,000
      4,800 SF

      1801 Broad St

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      1801 Broad St, Lansdale, PA 19446-1141
      View Details
    • Value Estimation by Request
      26,487 SF

      890 Vly Frg Rd

      SHOPPING CENTER, STRIP CENTER • 26,487 SF
      890 Vly Frg Rd, Lansdale, PA 19446-4242
      View Details
    • Value Estimation
      $510,000
      18,964 SF

      2960 Skippack Pike

      SHOPPING CENTER, STRIP CENTER • 18,964 SF
      2960 Skippack Pike, Lansdale, PA 19446
      View Details
    • Value Estimation
      $455,000
      7,317 SF

      1801 Broad St

      SHOPPING CENTER, STRIP CENTER • 7,317 SF
      1801 Broad St, Lansdale, PA 19446-1141
      View Details
    • Value Estimation by Request
      114,369 SF

      401 Broad St, Unit 581

      SHOPPING CENTER, STRIP CENTER • 114,369 SF
      401 Broad St, Lansdale, PA 19446-3703
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Pad Opportunity Near Mall

      Retail pad site near Montgomery Mall in Montgomeryville, PA.
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      58,358 SF

      Service-Oriented Shopping Center Opportunity

      Neighborhood shopping center in Lansdale, PA, shadow-anchored by Weis Markets.
      1551 S Valley Forge Rd, Lansdale, PA 19446
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    • Contact for pricing
      4.95 Acres

      Lansdale Retail Space - Prime Location

      High-traffic retail space near major employers.
      850 Valley Forge Rd, Lansdale, PA 19446
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    • $2,500,000

      Sumneytown Pike Investment Opportunity

      9,000 SF commercial property on 1.72 acres, 100% leased.
      1570 Sumneytown Pike, Lansdale, PA 19446
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    • $1,100,000
      0.24 Acres

      Prime Corner Commercial Property

      17,800 SF corner property suitable for retail or redevelopment.
      401 W Main St, Lansdale, PA 19446
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    • $1,150,000
      17,800 SF

      Redevelopment Opportunity in Downtown Lansdale

      Prime location with high visibility and redevelopment potential.
      401 W Main St, Lansdale, PA 19446
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    Similar Nearby for Lease

    • Contact for pricing
      3,360 SF

      Repositioned Retail Center in Lansdale

      Grocery Outlet anchored center with national and local co-tenants.
      553 S Broad St, Lansdale, PA 19446
      View Details
    • $19 SF/Yr
      215,622 SF

      Retail Space in Lansdale Center

      Highly visible retail space in established Lansdale shopping center.
      850 S Valley Forge Rd, Lansdale, PA 19446
      View Details
    • $4,585 /Mo
      215,622 SF

      Retail Space in Lansdale Center

      Highly visible retail spaces available in established neighborhood shopping center.
      850 S Valley Forge Rd, Lansdale, PA 19446
      View Details
    • Contact for pricing
      236,175 SF

      Ralph's Corner Shopping Center

      Lansdale Retail Center - High Traffic
      2333 Welsh Rd, Lansdale, PA 19446
      View Details
    • $2,533 /Mo
      215,622 SF

      Retail Space in Lansdale Center

      Retail spaces available in highly visible, renovated shopping center.
      850 S Valley Forge Rd, Lansdale, PA 19446
      View Details
    • $12 SF/Yr
      215,622 SF

      Retail Space in Allen Forge

      Highly visible neighborhood center with anchor tenants and great traffic.
      850 S Valley Forge Rd, Lansdale, PA 19446
      View Details
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    801 Main St, Unit 809
    Lansdale, PA 19446-2028
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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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