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Property profile & analytics
OFF-MARKET
Estimated value
$3,320,000
Office buildings
1010 Horsham Rd North Wales, PA 19454-1500
Individually Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-2937574
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
16,122 SF
Lot
3.14 ac (136,778 SF)
Zoning code
LI
APN
46-00-01351-06-1
UPID
US73-2937574
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
-
True North Pediatrics North Wales Pediatrician Medical Clinic
-
Dr. Sonya N. Ephraim, MD Physician
-
Miles Murphy, MD Physician
-
Abington Jefferson Health Center Medical Clinic
-
The Institute for Female Pelvic Medicine & Reconstructive Surgery Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.16M
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$3.32M
Owner & transaction history
Abington Memorial Hospital · 16 yrs held
Abington Memorial Hospital
since 2010
4 recorded transactions
Zoning & alternative use
LI · North Wales, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.8M
+80.6%
Retail stores
$4.3M
+64.6%
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 North Wales submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Wales 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%
$4,505,000
6.5%
$4,160,000
7%
$3,860,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,640,000
Current use
AUTO REPAIR, GARAGE
$4,765,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$4,340,000
Change: +65% · Conversion: Moderate
MEDICAL BUILDING
$2,540,000
Change: -4% · Conversion: Easy
RESTAURANT
$2,265,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,240,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.32M
Range $2.99M – $3.65M · ±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
$206 / 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
$59,549
Tax year 2023
Assessed value
$1,596,290
Assessed 2024
Previous assessed
$1,596,290
+0.0% YoY
Effective rate
3.73%
On assessed value
Assessed land
$379,590
Assessed improvement
$1,216,700
Land market value
$379,590
Improvement market value
$1,216,700
Total market value
$1,596,290
Applied tax rate
46.0000
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
2001
Heating
FORCED AIR
Cooling
CENTRAL
Total area
16,122 SF
Lot
3.14 ac (136,778 SF)
Zoning code
LI
APN
46-00-01351-06-1
UPID
US73-2937574
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LI · North Wales, PA
Zoning LI · permitted uses
LI · North Wales, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Wales. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RETAIL STORES
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$2.5M
RESTAURANT
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2001
Heating
FORCED AIR
Cooling
Yes
Lot
3.14 ac
Current owner
From public records · entity-resolved
Abington Memorial Hospital
Individual
Free & Clear · 16 yrs held
Mailing address
225 NEWTOWN RD, WARMINSTER, PA 18974-5221
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2010
—
Abington Memorial Hospital
Abington Memorial Hospital
Quit Claim Deed
related
—
Feb 20, 2004
$2,500,000
Mem Hosp Abington
General Hancock Pa Enter
Grant Deed
—
Jan 10, 2002
—
Hancock Ptshp Enterpri
—
Deed Of Trust
related
$3,500,000 · Union Nat'l Bk & Tr Souderton
—
—
Third Fsb
—
Deed Of Trust
related
—
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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