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Property profile

850 Norristown Rd Warminster, PA 18974

OFF-MARKET
Individual retail properties
Property ID
US73-1254726
View Sample
44,210 SF 8.24 ac lot Built 1975
Trust Owned 21-yr Hold Free & Clear

Property profile

Verified
Property type Individual retail properties
Use group GYM, HEALTH SPA
Year built 1975
Total area 44,210 SF
Lot 8.24 ac (358,978 SF)
Zoning code I
APN 49-009-035
UPID US73-1254726

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Retirement Community
  • Hotel & Motel Bed & Breakfast
  • Volunteer Organization Community Center
  • Physician
  • Volunteer Organization Community Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.33M
Blend (final) Blend
$1.53M

Owner & transaction history

since 2004
3 recorded transactions
2004
Price N/A
2004
Price N/A
1998
$1.5M

Zoning & alternative use

I · Warminster, PA
Top alternative use upside
Auto repair, garage $5.3M +57.5%
Retail stores $4.9M +45.8%
Commercial (general) $4.4M +32.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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