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Property profile & analytics
OFF-MARKET
Estimated value
$42,170,000
Garden apartment buildings
1000 Regatta Cir Norristown, PA 19401-6202
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1415412
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2003
Total area
320,804 SF
Lot
30.84 ac (1,343,390 SF)
Zoning code
CR
APN
13-00-32960-00-3
UPID
US73-1415412
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
-
Plymouth Pointe Apartments Apartment Complex
-
Montgomery Mills Leasing Office Hardware & Home Improvement Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$42.17M
Owner & transaction history
Plymouth Meeting Owner LLC · 4 yrs held
Plymouth Meeting Owner LLC
since 2022
6 recorded transactions
Zoning & alternative use
CR · Norristown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$55.9M
+20.7%
Medical building
$50.6M
+9.3%
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 Norristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norristown 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$46,280,000
Current use
OFFICE BUILDING
$55,865,000
Change: +21% · Conversion: Moderate
MEDICAL BUILDING
$50,565,000
Change: +9% · Conversion: Moderate
RESTAURANT
$45,030,000
Change: -3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$41,815,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$42.17M
Range $37.95M – $46.39M · ±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
$131 / 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
$1,260,281
Tax year 2023
Assessed value
$20,531,770
Assessed 2024
Previous assessed
$20,531,770
+0.0% YoY
Effective rate
6.14%
On assessed value
Total market value
$20,531,770
Applied tax rate
13.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
CENTRAL
Units
8
Total area
320,804 SF
Lot
30.84 ac (1,343,390 SF)
Zoning code
CR
APN
13-00-32960-00-3
UPID
US73-1415412
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CR · Norristown, PA
Zoning CR · permitted uses
CR · Norristown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norristown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$46.3M
OFFICE BUILDING
Est. value
$55.9M
MEDICAL BUILDING
Est. value
$50.6M
RESTAURANT
Est. value
$45.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$41.8M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
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
2003
Heating
FORCED AIR
Cooling
Yes
Units
8
Lot
30.84 ac
Current owner
From public records · entity-resolved
Plymouth Meeting Owner LLC
Entity
Mailing address
PO BOX 609, SOUTHEASTERN, PA 19399-0609
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2022
—
Plymouth Meeting Owner LLC
Pp Montgomery Mills Investors LLC
Special Warranty Deed
$63,080,000 · Berkeley Point Capital LLC
Aug 8, 2018
$66,000,000
Pp Montgomery Mills Invtrs LLC
Spus7 Regatta LP
Trustees Deed
$52,061,000 · Cbre Cap Markets
Feb 26, 2015
—
Spus7 Regatta LP
Dci-sandy Hill LP
Trustees Deed
$36,725,000 · Bank Of America
Jan 7, 2011
—
Dci-sandy Hill LP
—
Deed Of Trust
related
$27,625,000 · Hartford Life Insurance Co
Aug 13, 1999
$2,100,000
P H Sentry Associates
Cenuardis Market
Grant Deed
—
—
—
Dci-sandy Hill
—
Deed Of Trust
related
$1,000,000 · Fleet 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.
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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