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

    921 Penllyn Blue Bell Pike Blue Bell, PA 19422

    • Commercial real estate
    • 14,629 SF
    • 1.62 lot acres
    For Lease
    View listing
    $1.00 SF/Yr
    Last Sale
    Jul 31, 2024
    $2,270,000
    Value Estimations
    $2,270,000
    Cap Rate Potential
    6.7%
    Commercial real estate
    Location Intelligence
    Property ID
    US73-1046594
    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

    • Pinkly Perfect, Inc. / Factory / Textile Manufacturer
    • Vibe Hair Studio / Hair Salon
    • Icon Media Works / Advertising Agency / Marketing & Advertising
    • Moon & Vine Spa Cottage / Spa & Massage Center

    Property Details for 921 Penllyn Blue Bell Pike

    Year built
    1962
    Lot size
    1.62 lot acres
    Property size
    14,629 SF
    Zone code
    C
    Property type
    Commercial real estate
    APN
    66-00-05170-00-2
    APU
    660005170002

    Description

    Blue Bell Village offers versatile office and retail spaces in a four-building complex located in Montgomery County, Pennsylvania. The property, renovated in 2019, features a mix of creative office, coworking, and medical office spaces, ideal for a variety of businesses. Units range from a minimum of 400 square feet to a maximum contiguous space of 1,500 square feet, with a total of four suites available across the two-story buildings. Currently, 800 square feet of vacant space is available for lease. One available second-floor suite offers 750 square feet at $19.00 per square foot ($1,187.50 per month all-inclusive). A first-floor suite of 1,350 square feet is also available at $26.22 per square foot ($2,950.00 per month plus utilities). The property boasts central heating and air conditioning. Its convenient location at the intersection of US Route 73 (Skippack Pike) and Penllyn Blue Bell Pike provides easy access to major roadways including the Pennsylvania Turnpike, I-476, I-76, and Route 202. The property is situated near desirable amenities such as The Historic Blue Bell Inn and Panache Restaurants, with the Plymouth Meeting Mall just three miles away. The zoning permits a wide range of office, commercial, and retail uses. The property does not include elevators.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,270,000
      ML approach
      $2,270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,525,000
      6.5%
      $2,330,000
      7%
      $2,165,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,677,000
      Market price range: $979k - $2.27M
      AI Estimate
      $1,430,000
      Market price range: $661k - $2.12M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,575,000
      Current use
      OFFICE BUILDING
      $2,395,000
      Change: +52% Conversion: Easy
      MEDICAL BUILDING
      $2,305,000
      Change: +46% Conversion: Easy
      RESTAURANT
      $2,055,000
      Change: +30% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,035,000
      Change: +29% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,905,000
      Change: +21% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Bell
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2672
    Latitude
    40.1517
    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
    $27,964
    $305,130
    $580,730
    $885,860
    -
    $305,130
    $580,730
    $885,860

    Comparable in this City

    • Value Estimation by Request
      1.04 Acres

      1410 Dekalb Pike

      Land • 1.04 Acres
      1410 Dekalb Pike, Blue Bell, PA 19422
      View Details
    • Value Estimation by Request
      69,721 SF

      Norristown Rd

      COMMON AREA (COMMERCIAL) • 69,721 SF
      Norristown Rd, Blue Bell, PA 19422
      View Details
    • Value Estimation
      $5,800,000
      30,095 SF

      721 Skippack Pike

      COMMERCIAL (GENERAL) • 30,095 SF
      721 Skippack Pike, Blue Bell, PA 19422-1700
      View Details
    • Value Estimation
      $555,000
      6,023 SF

      1567 Dekalb Pike

      COMMERCIAL (GENERAL) • 6,023 SF
      1567 Dekalb Pike, Blue Bell, PA 19422-3349
      View Details
    • Value Estimation by Request
      143,860 SF

      350 Sentry Pkwy

      COMMON AREA (COMMERCIAL) • 143,860 SF
      350 Sentry Pkwy, Blue Bell, PA 19422-2314
      View Details
    • Value Estimation by Request
      5,395 SF

      Undisclosed

      Investment properties • 5,395 SF
      0 Undisclosed, Blue Bell, PA 19422
      View Details

    Similar Nearby for Sale

    • $1,200,000
      1.04 Acres

      Blue Bell Commercial Land - $1.2M

      High-visibility Route 202 development site.
      1410 Dekalb Pike, Blue Bell, PA 19422
      View Details
    • Contact for pricing
      2.65 Acres

      Prime Blue Bell Commercial Land

      2.65 Acres, High Traffic, Retail Ready
      901 Dekalb Pike, Center Square, PA 19422
      View Details
    • Contact for pricing
      9,073 SF

      Historic Tavern in Blue Bell/Ambler

      Pennsylvania's oldest licensed tavern in affluent Blue Bell/Ambler market.
      901 Butler Pike, Ambler, PA 19422
      View Details
    • $745,000

      Blue Bell Carriage House

      Lovingly maintained home in Blue Bell Country Club.
      234 Winged Foot Dr, Blue Bell, PA 19422
      View Details
    • Contact for pricing
      5,783 SF

      Blue Bell Office Space for Lease

      Prime Office Suites, 5,783 SF, Swede Rd
      1780 Swede Rd, Blue Bell, PA 19422
      View Details
    • Contact for pricing
      4,000 SF

      High-Profile Retail Opportunity

      Retail space available on a high-traffic corner lot.
      901 Dekalb Pike, Blue Bell, PA 19422
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,075 SF

      Blue Bell Office Space Available

      Class A office space for rent in Blue Bell, PA.
      595 Skippack Pike, Blue Bell, PA 19422
      View Details
    • $2 SF/Yr
      58,875 SF

      Blue Bell Medical Office Suites

      Turnkey medical & office spaces available.
      653 Skippack Pike, Blue Bell, PA 19422
      View Details
    • Contact for pricing
      4,000 SF

      Class A Office Buildings ForRent

      Class A office buildings with ample parking in Blue Bell.
      589 Skippack Pike, Blue Bell, PA 19422
      View Details
    • Contact for pricing
      35,000 SF

      Blue Bell Office Space

      35,000 sqft office space available for rent.
      300 Sentry Pkwy, Blue Bell, PA 19422
      View Details
    • $4,000 /Mo
      37,897 SF

      Renovated Office Building in Blue Bell

      Historic, fully renovated office building on a desirable corner lot.
      598 Skippack Pike, Blue Bell, PA 19422
      View Details
    • Contact for pricing
      5,783 SF

      Prime Blue Bell Office Space

      5,783 SF Office, Ample Parking
      1780 Swede Rd, Blue Bell, PA 19422
      View Details
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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.

    More about this property
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