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Property profile & analytics
FOR LEASE
Warehouses
1000 N Cannon Ave Lansdale, PA 19446
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1524175
For Lease
1 / 3
Contact for pricing
1000 N Cannon Ave, Lansdale, PA 19446
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1940
Total area
767,474 SF
Lot
64.82 ac (2,823,559 SF)
Zoning code
RC
APN
11-00-01368-00-7
UPID
US73-1524175
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
-
Apex Display Group, LLC Production Facility
-
KGS Communications Advertising Agency Marketing & Advertising
-
MPS Communications Marketing Consultant Print Shop
-
Apex Display Group Advertising Agency Marketing & Advertising
-
NTW - National Tire Wholesale (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$63.54M
Owner & transaction history
Ksip I Npbp Lansdale LLC · 4 yrs held
Ksip I Npbp Lansdale LLC
since 2022
Last sale
$70.8M
7 recorded transactions
Zoning & alternative use
RC · Lansdale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$100.0M
+97.6%
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 Lansdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansdale 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
$73,235,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$50,615,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$100,035,000
Change: +98% · Conversion: Moderate
Blend value · Realmo final
$63.54M
Range $57.19M – $69.89M · ±10% · vs last sale $70.75M (Feb 3 2022)
Last sale anchor
$70.75M
Feb 3 2022
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
$83 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$339,909
Tax year 2023
Assessed value
$8,080,678
Assessed 2024
Previous assessed
$8,080,678
+0.0% YoY
Effective rate
4.21%
On assessed value
Total market value
$8,080,678
Applied tax rate
11.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1940
Heating
FORCED AIR
Cooling
CENTRAL
Total area
767,474 SF
Lot
64.82 ac (2,823,559 SF)
Zoning code
RC
APN
11-00-01368-00-7
UPID
US73-1524175
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RC · Lansdale, PA
Zoning RC · permitted uses
RC · Lansdale, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lansdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$50.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$100.0M
WAREHOUSE, STORAGE 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
1940
Heating
FORCED AIR
Cooling
Yes
Lot
64.82 ac
Current owner
From public records · entity-resolved
Ksip I Npbp Lansdale LLC
Entity
Mailing address
PO BOX 2087, BALA CYNWYD, PA 19004-6087
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2022
$70,750,000
Ksip I Npbp Lansdale LLC
Lansdale Holdings LLC
Special Warranty Deed
$480,250,000 · Areeif Lender B LLC
Mar 29, 2021
—
North Penn Holdings LLC
—
Deed
related
$27,406,000 · Bankunited
Mar 24, 2014
—
North Penn Holdings LLC
Freedom Properties LP
Deed In Lieu Of Foreclosure
related
—
May 3, 2011
—
Freedom Properties LP
—
Deed Of Trust
related
$33,000,000 · Citizens Bank Pennsylvania
Oct 8, 2009
—
Freedom Properties
—
Deed Of Trust
related
$33,000,000 · Citizens Bank Pennsylvania
Aug 15, 2000
—
Freedom Properties LP
—
Grant Deed
related
$5,500,000 · Firstrust Savings Bank
—
—
Freedom Properties LP
—
Loan Modification
related
$33,000,000 · North Penn Holdings LLC
—
—
Dal-title Corp
—
Deed Of Trust
related
$600,000 · Chase Manhattan 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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