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Property profile & analytics
OFF-MARKET
Estimated value
$5,350,000
Office buildings
1010 Adams Ave Norristown, PA 19403-2434
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-1265925
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
50,844 SF
Lot
6.67 ac (290,545 SF)
Zoning code
IP
APN
43-00-12262-50-2
UPID
US73-1265925
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
-
KSM Technology Partners IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Gannett Fleming, Inc. Mapping Service Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.97M
Blend (final)
Blend
$5.35M
Owner & transaction history
Delaware Valley Properties II LLC · 1 yrs held
Delaware Valley Properties II LLC
since 2024
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
IP · Norristown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,350,000
ML approach
$5,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,855,000
Current use
MEDICAL BUILDING
$8,015,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,335,000
Change: -17% · Conversion: Easy
RESTAURANT
$7,135,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$5.35M
Range $4.82M – $5.89M · ±10% · vs last sale $5.35M (Aug 12 2024)
Last sale anchor
$5.35M
Aug 12 2024
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
$105 / 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
$141,937
Tax year 2023
Assessed value
$3,480,020
Assessed 2024
Previous assessed
$3,480,020
+0.0% YoY
Effective rate
4.08%
On assessed value
Total market value
$3,480,020
Applied tax rate
43.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Total area
50,844 SF
Lot
6.67 ac (290,545 SF)
Zoning code
IP
APN
43-00-12262-50-2
UPID
US73-1265925
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
IP · Norristown, PA
Zoning IP · permitted uses
IP · 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
OFFICE BUILDING Current
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.3M
RESTAURANT
Est. value
$7.1M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1998
Heating
FORCED AIR
Cooling
Yes
Lot
6.67 ac
Current owner
From public records · entity-resolved
Delaware Valley Properties II LLC
Entity
Free & Clear · 1 yrs held
Mailing address
330 PAWLINGS RD, PHOENIXVILLE, PA 19460-2683
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jun 3, 2025
—
Dvp Adams LLC
—
Deed
related
$5,920,000 · Wilmington Savings Fund Society Fsb
Aug 12, 2024
$5,350,000
Delaware Valley Properties II LLC
Ganflec Corporation
Deed
—
Sep 1, 2023
—
Ganflec Corporation
—
Deed
related
$220,000,000 · Sound Point Agency LLC
Dec 31, 2018
—
Ganflec Corp
—
Loan Modification
related
$12,177,534 · Manufacturers & Traders Tr
Jan 10, 2001
$6,900,000
Ganflec Corp
Valley Forge Equities INC
Grant Deed
—
Jan 10, 2001
—
Ganflec Corp
—
Deed Of Trust
related
$12,177,534 · Allfirst Bank
Feb 18, 1999
—
Merion Building Partnership
—
Deed Of Trust
related
$4,540,000 · Harleysville Nat'l Bank & Trus
—
—
Ganflec Corp
—
Deed Of Trust
related
$50,000 · Allfirst 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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