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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1019 Markley St Norristown, PA 19401-3707
Individually Owned
25-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-2052318
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1950
Total area
1,375 SF
Lot
0.19 ac (8,448 SF)
Zoning code
RE
APN
13-00-34168-00-1
UPID
US73-2052318
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
-
Norristown Food Mart Grocery & Convenience Store
-
Parkway Garage Vehicle Inspection Center
-
Bitcoin Depot | Bitcoin ATM Crypto Atm Atm
-
Bitcoin Depot ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
PETER SCARITO JR
PETER SCARITO JR
Zoning & alternative use
RE · Norristown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
cle XVII IN Institutional District § 320-170 Legislative intent. § 320-171 Use regulation. § 320-172 Dimensional criteria. § 320-173 General development regulations. § 320-174 through § 320-179. (Reserved) Article XVIII RE Recreation District § 320-180 Legislative intent. § 320-181 Use regulations. § 320-182 Dimensional criteria. § 320-183 General regulation…
Zone name
Recreation
General category
OPEN_SPACE
Zone area
230.60 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,125
Tax year 2023
Assessed value
$132,350
Assessed 2024
Previous assessed
$132,350
+0.0% YoY
Effective rate
6.14%
On assessed value
Assessed land
$87,630
Assessed improvement
$44,720
Land market value
$87,630
Improvement market value
$44,720
Total market value
$132,350
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Cooling
CENTRAL
Total area
1,375 SF
Lot
0.19 ac (8,448 SF)
Zoning code
RE
APN
13-00-34168-00-1
UPID
US73-2052318
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RE · Norristown, PAZoning RE · permitted uses
RE · Norristown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
cle XVII IN Institutional District § 320-170 Legislative intent. § 320-171 Use regulation. § 320-172 Dimensional criteria. § 320-173 General development regulations. § 320-174 through § 320-179. (Reserved) Article XVIII RE Recreation District § 320-180 Legislative intent. § 320-181 Use regulations. § 320-182 Dimensional criteria. § 320-183 General regulations. § 320-184 through § 320-189. (Reserved) Article XIX GRO Gateway Redevelopment O
Zone name
Recreation
General category
OPEN_SPACE
Zone area
230.60 ac
Building & site characteristics
From public records
Year built
1950
Heating
FORCED AIR
Cooling
Yes
Lot
0.19 ac
Current owner
From public records · entity-resolved
PETER SCARITO JR
Individual
Free & Clear · 0 yrs held
Mailing address
130 HUNTINGDON CT, PHOENIXVILLE, PA 19460-2854
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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