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    950 Rittenhouse Rd Norristown, PA 19403

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    950 Rittenhouse Rd Norristown, PA 19403

    View on Map
    • Warehouses
    • 115,628 SF
    • 14.00 lot acres
    For Sale
    $6,095,000
    View Listing →
    Valley Forge Industrial Facility For Sale
    $6,095,000
    147,000 SF

    Valley Forge Industrial Facility

    147,000± SF industrial facility on 14 acres for sale.

    950 Rittenhouse Rd, Norristown, PA 19403
    View Listing
    Property ID
    US73-5782527
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 950 Rittenhouse Rd

    Year built
    1971
    Lot size
    14.00 lot acres
    Property size
    115,628 SF
    Zone code
    IP
    Property type
    Warehouses
    APN
    43-00-12259-00-1
    APU
    430012259001

    Description

    This exceptional industrial property, located at 950 Rittenhouse Road in Eagleville, Pennsylvania (zip code 19403), presents a significant redevelopment opportunity. The 147,000 square foot facility sits on a substantial 14-acre lot, offering potential for subdivision into parcels of approximately 5 acres each. The building, constructed in 1985, is a predominantly one- and two-story free-standing structure suitable for office, industrial, or manufacturing uses. The property boasts impressive ceiling heights ranging from 15'9" to 15'11", with some areas reaching over 40 feet. Loading capabilities include two tailgate docks (one with a leveler), one overhead door with three dock positions accessed via a platform, one overhead door accessed via a van-height platform, and one drive-in door. Column spacing varies, with dimensions of 40' x 40', 36' x 35', and 40' x 20'. The property features a robust 4000 amp, 480-volt, 3-phase electrical service and a comprehensive wet sprinkler system. The property is zoned IP – Industrial Park District & MUP, providing flexibility for various uses. Its location within the Valley Forge Business Center offers excellent access to major transportation routes. This property is currently vacant and ready for immediate occupancy or redevelopment. The Montgomery County location and ample acreage make this a prime investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Norristown
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.4191
    Latitude
    40.1237
    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
    $58,916
    $0.00
    $0.00
    $1,444,500
    -
    $0.00
    $0.00
    $1,444,500

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      3229 Rdg Pike

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    • Value Estimation
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      2675 Eisenhower Ave

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      View Details

    Similar Nearby for Sale

    • $500,000
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      Norristown Commercial Revitalization District Property

      Commercial property in Norristown's Revitalization District with high traffic.
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      Norristown Warehouse with Drive-In Doors

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      Valley Forge Industrial Facility

      147,000± SF industrial facility on 14 acres.
      950 Rittenhouse Rd, Norristown, PA 19403
      View Details
    • $500,000

      Norristown Commercial Revitalization District Property

      Property in Norristown Commercial Revitalization District with high traffic count.
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      6,325 SF

      Industrial Building on Fenced Lot

      6,325 SF building on 1.29 acre fenced lot.
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      147,000 SF

      Valley Forge Industrial Facility

      147,000± SF industrial facility on 14 acres for sale.
      950 Rittenhouse Rd, Norristown, PA 19403
      View Details

    Similar Nearby for Lease

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      20,000 SF

      Norristown Warehouse Space Available

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      Flex Warehouse Space For Rent

      Flex/warehouse/light distribution space with 20’ ceiling heights.
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      3,500 SF

      Norristown Industrial Building For Rent

      Single-story industrial building suitable for warehouse, manufacturing, or office use.
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      Norristown Flex Space Available

      Flex space suitable for light industrial, distribution, or showroom.
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      Industrial Building with Office Space

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      View Details
    View Listing
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    Norristown, PA 19403
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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.

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    950 Rittenhouse Rd, Norristown, PA, 19403

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