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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Assisted living facilities
100 Maris Grv Way Glen Mills, PA 19342-1282
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-0889523
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2006
Total area
58,598 SF
Lot
87.2 ac (3,798,301 SF)
APN
13-00-00197-10
UPID
US73-0889523
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Joel D. Posner, MD Physician
-
Cathy Smith Physician
-
Maris Grove Retirement Community
-
Desantis Joseph F DDS Dental Office
-
Neighbor Care Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$955k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.26M
Owner & transaction history
Redwood-erc Concord LLC · 7 yrs held
Redwood-erc Concord LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+56.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Glen Mills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Mills submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$955,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,495,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$22 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,006,746
Tax year 2024
Assessed value
$263,827,540
Assessed 2024
Previous assessed
$263,827,540
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$2,504,480
Assessed improvement
$261,323,060
Total market value
$263,827,540
Applied tax rate
1,303.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2006
Heating
NONE
Cooling
CENTRAL
Units
106
Total area
58,598 SF
Lot
87.2 ac (3,798,301 SF)
APN
13-00-00197-10
UPID
US73-0889523
Jurisdiction
DELAWARE
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$955,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Cooling
Yes
Units
106
Lot
87.2 ac
Current owner
From public records · entity-resolved
Redwood-erc Concord LLC
Entity
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2024
—
Redwood Erc Concord LLC
—
Deed
related
$100,000,000 · Truist Bank
Jul 27, 2021
—
Redwood Erc Concord LLC
—
Deed
related
$100,000,000 · Truist Bank
Mar 7, 2019
—
Redwood-erc Concord LLC
Redwood-erc Concord LLC
Quit Claim Deed
related
—
Dec 21, 2018
—
Redwood-erc Concord LLC
—
Grant Deed
related
$400,000,000 · Bank Of America
May 6, 2010
—
Concord Campus LP
Strategic Concord Landholder L
Quit Claim Deed
related
—
May 6, 2010
$59,866,000
Redwood-erc Concord LLC
Concord Campus LP
Grant Deed
—
Nov 2, 2005
$1
Concord Landholder L Strategic
Concord Campus
Quit Claim Deed
related
—
Sep 2, 2005
$10,500,000
Concord Campus
Concordel Properties INC
Deed Of Trust
related
$7,000,000 · Mercantile-safe Deposit & Trus
—
—
Concordel Properties INC
—
Deed Of Trust
related
$800,000 · First Union National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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