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

    933 Charlotte St Pottstown, PA 19464-3974

    • Office buildings
    • 15,900 SF
    • 0.53 lot acres
    OFF-MARKET
    Last Sale
    May 03, 2022
    $635,000
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2463491
    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

    • Kruti K. Patel, DPM / Podiatrist
    • Morgan Marie’s Salon / Beauty Salon
    • Pouyan Maany / Dentist
    • Shirley Zagorski / Social Worker
    • Cola & Associates Dermatology, P.C. / Dermatologist

    Property Details for 933 Charlotte St

    Year built
    1964
    Lot size
    0.53 lot acres
    Property size
    15,900 SF
    Zone code
    RLD
    Property type
    Office buildings
    APN
    16-00-04308-00-5
    APU
    160004308005

    Description

    This exceptional medical office space, located at 933 N Charlotte St #D1 in Pottstown's North End, offers a fantastic opportunity for medical professionals. The property boasts approximately 1,000 square feet of well-maintained space within a larger 15,900 square foot building. The unit features a welcoming reception/waiting area, four additional rooms perfect for examination or consultation, a convenient break room/kitchenette, and two half-baths. The first-floor location provides convenient level entry, a significant advantage for patients and staff. Ample parking is available in both front and rear lots, ensuring easy access for clients and employees. The building itself underwent a complete renovation in 2022, ensuring modern amenities and a professional atmosphere. Utilities including trash, water, sewer, and snow removal are included in the lease. One unit is move-in ready, while the other offers a blank canvas for customization to perfectly suit your practice's specific needs. A passenger elevator services all floors, enhancing accessibility. The building's location provides excellent visibility and is situated near Lee Ave, offering convenient access to major roadways. This is a rare opportunity to secure a well-appointed medical office space in a desirable location. The building, constructed in 1964, features one building with two stories and a total of 40 parking spaces. Currently, 2,000 square feet of the building is vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $655,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $657,000
      Market price range: $657k - $1.63M

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

    Location Insight

    • Map
    • Local Demand
    City
    Pottstown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.6336
    Latitude
    40.2603
    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
    $13,797
    $0.00
    $0.00
    $224,800
    -
    $0.00
    $0.00
    $224,800

    Comparable in this City

    • Value Estimation
      $2,190,000
      12,344 SF

      500 Heritage Dr, Unit C-3

      OFFICE BUILDING • 12,344 SF
      500 Heritage Dr, Pottstown, PA 19464-3233
      View Details
    • Value Estimation
      $525,000
      9,600 SF

      163 Charlotte St

      OFFICE BUILDING • 9,600 SF
      163 Charlotte St, Pottstown, PA 19464
      View Details
    • Value Estimation
      $1,495,000
      10,770 SF

      65 Lightcap Rd

      PROFESSIONAL BUILDING • 10,770 SF
      65 Lightcap Rd, Pottstown, PA 19464-3410
      View Details
    • Value Estimation
      $835,000
      4,800 SF

      17 Penn Rd

      PROFESSIONAL BUILDING • 4,800 SF
      17 Penn Rd, Pottstown, PA 19464
      View Details
    • Value Estimation
      $1,865,000
      16,584 SF

      3254 Rdg Pike

      OFFICE BUILDING • 16,584 SF
      3254 Rdg Pike, Pottstown, PA 19464-3481
      View Details
    • Value Estimation by Request
      54,634 SF

      1200 High St

      OFFICE BUILDING • 54,634 SF
      1200 High St, Pottstown, PA 19464-4954
      View Details

    Similar Nearby for Sale

    • $850,000
      0.17 Acres

      Historic Commercial Building in Pottstown

      21,846 SF commercial building in downtown Pottstown for sale.
      205 E High St, Pottstown, PA 19464
      View Details
    • $850,000
      23,036 SF

      Pottstown Special Purpose Building For Sale

      23,036 SF multi-story building with highway visibility on Industrial Highway.
      1700 Industrial Hwy, Pottstown, PA 19464
      View Details
    • $525,000
      5,440 SF

      High Street Pottstown Office Building

      Prime Pottstown Office, Multi-Use Potential
      601 High St, Pottstown, PA 19464
      View Details
    • $660,000
      2.06 Acres

      Downtown Miami Office Sublease

      Prestigious Miami office space available now.
      0 Sunnybrook Rd &110 Porter Rd, Pottstown, PA 19464
      View Details
    • $850,000
      23,036 SF

      Pottstown Executive Office Building

      Prime location, 23,036 SF office space.
      1700 Industrial Hwy, Pottstown, PA 19464
      View Details
    • Contact for pricing
      65,000 SF

      Mixed-Use Complex in Stowe, PA

      65,000 SF mixed-use complex on 1.76 acres for sale.
      9-13 Race St, Pottstown, PA 19464
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      46,153 SF

      Pottstown Industrial Space with Cranes

      46,153 SF industrial space featuring cranes and multiple loading.
      449 Old Reading Pike, Pottstown, PA 19464
      View Details
    • New
      $1,250 /Mo
      5,663 SF

      Pottstown Commercial Space For Lease

      Versatile commercial space suitable for various business types.
      545 E High St, Pottstown, PA 19464
      View Details
    • $11 SF/Yr
      78,844 SF

      Pottstown Office Suites For Lease

      Solid brick office complex with suites available in Pottstown, PA.
      100 Porter Rd, Pottstown, PA 19464
      View Details
    • Contact for pricing
      29,507 SF

      Prime Pottstown Medical Office Space

      West Montgomery County, 8,273 SF Available
      13 Armand Hammer Blvd, Pottstown, PA 19464
      View Details
    • Contact for pricing
      107,097 SF

      Pottstown Industrial Complex For Lease

      Multi-tenant industrial space, flexible layouts.
      422 Keim St, Pottstown, PA 19464
      View Details
    • $15 SF/Yr
      15,403 SF

      Pottstown Medical Office Space

      Prime Medical Office Suites Available
      1630 High St - Bldg 1 &, Pottstown, PA 19464
      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.
    933 Charlotte St
    Pottstown, PA 19464-3974
    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.