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Property profile

508 Central Ave Cheltenham, PA 19012

OFF-MARKET
Other investment properties
Property ID
US73-5406076
3,585 SF 0.19 ac lot Built 1890
Last sale Jul 2022 · $280,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a mixed-use building containing a long-running storefront space historically used for cleaners and shoe repair, along with a two-unit apartment within the same structure. A private side driveway provides access to the rear of the building, where there is a fenced parking area sized for approximately six cars and a detached two-car garage. The basement is accessible either from the first-floor unit or from the rear of the building via the parking lot and includes laundry hook-ups…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value · 2024$111k
Assessed land$46k
Assessed improvement$65k
Effective rate6.68%

Value estimate

· Nov 2026
$285k
$257k – $314k
AI approach$285k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$108/SF
County average, outlier-cleaned · 1037 recorded sales of this use type
Observed band · Q1–Q3$67 – $155
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C3
JurisdictionMONTGOMERY

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.2
Realty agency12.4
Parking Facility10.8

Location

508 Central Ave Cheltenham, PA 19012-2153
County assessor Recorded deeds · 3 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
223 Ryers, Cheltenham, PA 19012-2230 $150,000 Jan 2025 3,985 SF
220 Central, Cheltenham, PA 19012-2229 $325,000 May 2024 3,673 SF
225 Old Soldiers, Cheltenham, PA 19012-2130 $390,000 Jul 2023 3,220 SF
400 Ryers, Cheltenham, PA 19012-2116 $225,000 Jan 2021 3,668 SF
22 Central, Cheltenham, PA 19012-2244 $303,500 Jun 2020 3,620 SF
301 Ryers, Cheltenham, PA 19012-2113 $88,000 May 2020 3,812 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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