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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Warehouses
1026 Germantown Pike East Norriton, PA 19403-3906
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0303476
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Total area
6,454 SF
Lot
1.52 ac (66,081 SF)
Zoning code
I
APN
33-00-02911-00-8
UPID
US73-0303476
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
-
T & T Contracting General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$657k
Blend (final)
Blend
$655k
Owner & transaction history
Ne Ind Owner-2 LLC · 5 yrs held
Ne Ind Owner-2 LLC
since 2021
Last sale
$608,832
7 recorded transactions
Zoning & alternative use
I · East Norriton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+76.8%
Apartment house (5+ units)
$930,000
+61.8%
Restaurant
$905,000
+57.4%
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 East Norriton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Norriton 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
$785,000
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$575,000
Current use
MEDICAL BUILDING
$1,015,000
Change: +77% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$930,000
Change: +62% · Conversion: Difficult
RESTAURANT
$905,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$840,000
Change: +46% · Conversion: Moderate
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $609k (Jul 20 2021)
Last sale anchor
$609k
Jul 20 2021
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
$101 / 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
$12,804
Tax year 2023
Assessed value
$271,800
Assessed 2024
Previous assessed
$271,800
+0.0% YoY
Effective rate
4.71%
On assessed value
Assessed land
$145,540
Assessed improvement
$126,260
Land market value
$145,540
Improvement market value
$126,260
Total market value
$271,800
Applied tax rate
33.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Heating
OTHER
Cooling
NONE
Total area
6,454 SF
Lot
1.52 ac (66,081 SF)
Zoning code
I
APN
33-00-02911-00-8
UPID
US73-0303476
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I · East Norriton, PA
Zoning I · permitted uses
I · East Norriton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Norriton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$575,000
MEDICAL BUILDING
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$930,000
RESTAURANT
Est. value
$905,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$840,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1967
Heating
OTHER
Cooling
Yes
Lot
1.52 ac
Current owner
From public records · entity-resolved
Ne Ind Owner-2 LLC
Entity
Mailing address
3050 K ST NW STE #125, WASHINGTON, DC 20007-5122
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2021
$608,832
Ne Ind Owner-2 LLC
1026 West Germantown Pike LP
Special Warranty Deed
$167,844,099 · Canadian Imperial Bank
Sep 5, 2018
—
1026 West Germantown Pike LP
—
Deed
related
$56,500,000 · 1010 Germantown Pike Assocs
Feb 28, 2011
—
1026 West Germantown Pike LP
Sharon G Corp
Grant Deed
$4,718,361 · Pnc Bank
Apr 19, 1999
$575,000
Sharon G Corp
Gorman,evelyn C
Grant Deed
—
—
—
Sharon G Corp
—
Deed Of Trust
related
$600,000 · Pnc Bank
—
—
1026 West Germantown Pike LP
—
Loan Modification
related
$56,500,000 · 1010 Germantown Pike Assocs
—
—
Sharon G Corp
—
Deed Of Trust
related
$600,000 · Pnc 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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