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Property profile & analytics
OFF-MARKET
Estimated value
$2,725,000
Office buildings
1015 Virginia Dr Fort Washington, PA 19034-3100
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0287028
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
19,920 SF
Lot
2.31 ac (100,624 SF)
Zoning code
LIM
APN
54-00-16402-00-5
UPID
US73-0287028
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
-
DeVry University University College
-
Aspire Executive Search Employment Agency
-
Aspire Staffing Group Employment Agency
-
Laurus Healthcare Employment Agency
-
Storti Quality Services, LLC Engineering Consultant Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$2.73M
Owner & transaction history
Ldac 17 Outdoor LLC · 3 yrs held
Ldac 17 Outdoor LLC
since 2022
7 recorded transactions
Zoning & alternative use
LIM · Fort Washington, 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 Fort Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Washington 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
OFFICE BUILDING
$3,260,000
Current use
MEDICAL BUILDING
$3,140,000
Change: -4% · Conversion: Easy
RESTAURANT
$2,795,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,770,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.73M
Range $2.45M – $3.00M · ±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
$137 / 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
$61,690
Tax year 2023
Assessed value
$1,265,000
Assessed 2024
Previous assessed
$1,265,000
+0.0% YoY
Effective rate
4.88%
On assessed value
Total market value
$1,265,000
Applied tax rate
54.0000
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
1970
Heating
FORCED AIR
Cooling
CENTRAL
Total area
19,920 SF
Lot
2.31 ac (100,624 SF)
Zoning code
LIM
APN
54-00-16402-00-5
UPID
US73-0287028
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LIM · Fort Washington, PAZoning LIM · permitted uses
LIM · Fort Washington, PA
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
OFFICE BUILDING Current
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.1M
RESTAURANT
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
OFFICE BUILDING Current
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
1970
Heating
FORCED AIR
Cooling
Yes
Lot
2.31 ac
Current owner
From public records · entity-resolved
Ldac 17 Outdoor LLC
Entity
Mailing address
1015 VIRGINIA DR STE #220, FORT WASHINGTON, PA 19034-3100
Mailing matches property
Yes
Owner-occupied
Yes
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2026
—
Ldac 17 Outdoor LLC
—
Deed
related
—
Oct 17, 2024
—
1015 Virginia Partners LLC
—
Deed
related
$2,100,000 · Fulton Bank NA
Oct 6, 2022
—
Ldac 17 Outdoor LLC
Ld Acquisition Company 17 LLC
Warranty Deed
—
Oct 18, 2019
$2,275,000
1015 Virginia Partners LLC
Vette Associates LP
Grant Deed
$1,600,000 · Fulton Bk NA
Oct 18, 2019
—
1015 Virginia Partners LLC
—
Deed
related
$1,600,000 · Fulton Bk NA
Aug 19, 2019
—
Ld Acquisition Co 17 LLC
—
Grant Deed
related
$125,000,000 · Legacy Bk/tx
Apr 18, 2019
—
Ld Acquisition Co 17 LLC
Landmark Infrastructure Holdin
Warranty Deed
related
—
Feb 27, 2019
$605,000
Landmark Infrastructure Holdin
Vette Associates LP
Grant Deed
—
Sep 14, 2016
—
Upper Dublin Outdoor LLC
—
Deed
related
$2,940,000 · Wilmington Savings Fund Society Fsb
Jul 2, 2013
$1,100,000
Vette Associates LP
Alliance Hsp Ft Washington Off
Grant Deed
—
Aug 15, 2012
$1,250,000
Hsp Ft Washington Off Alliance
1015 Virginia Associates LP
Grant Deed
—
Nov 17, 1999
$2,900,000
1015 Virginia Associates LP
485 Delaware Ave Assoc LP
Grant Deed
—
Nov 19, 1997
$765,000
485 Delaware Avenue Assoc LP
Rebstock,howard
Grant Deed
$558,000 · Progress Bank
—
—
1015 Virginia Partners LLC
—
Deed Of Trust
related
$1,600,000 · Fulton Bk NA
—
—
Vette Associates LP
—
Deed Of Trust
related
$987,000 · Team Capital Bank
—
—
Trinity Corporate Center Assoc
—
Deed Of Trust
related
$38,500 · General Electric Capital Corp
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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