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Property profile & analytics
OFF-MARKET
Estimated value
$2,385,000
Warehouses
1044 Germantown Pike East Norriton, PA 19403-3911
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0805216
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Total area
26,968 SF
Lot
2.99 ac (130,244 SF)
Zoning code
I
APN
33-00-02899-00-2
UPID
US73-0805216
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
-
J&L Building Materials, Inc. Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$2.39M
Owner & transaction history
Dkm Associates · 6 yrs held
Dkm Associates
since 2020
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
I · East Norriton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.9M
+61.8%
Restaurant
$3.8M
+57.4%
Neighborhood: shopping center
$3.5M
+46.2%
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
$2,550,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,405,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,890,000
Change: +62% · Conversion: Difficult
RESTAURANT
$3,785,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,515,000
Change: +46% · Conversion: Moderate
Blend value · Realmo final
$2.39M
Range $2.15M – $2.62M · ±10% · vs last sale $2.25M (Mar 3 2020)
Last sale anchor
$2.25M
Mar 3 2020
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
$88 / 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
$43,554
Tax year 2023
Assessed value
$924,530
Assessed 2024
Previous assessed
$924,530
+0.0% YoY
Effective rate
4.71%
On assessed value
Total market value
$924,530
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
1965
Heating
OTHER
Cooling
NONE
Stories
1
Rooms
9
Bathrooms
4
Total area
26,968 SF
Lot
2.99 ac (130,244 SF)
Zoning code
I
APN
33-00-02899-00-2
UPID
US73-0805216
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
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
RESTAURANT
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
WAREHOUSE, STORAGE Current
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
1965
Heating
OTHER
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
4
Lot
2.99 ac
Current owner
From public records · entity-resolved
Dkm Associates
Entity
Mailing address
600 LANCASTER AVE, FRAZER, PA 19355-1810
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Mar 3, 2020
$2,250,000
Dkm Associates
1044 Acquisition LP
Warranty Deed
$5,000,000 · M & T Bank
Sep 5, 2018
—
Palmer-altemose Associates LP
—
Deed
related
$56,500,000 · Capital One Nat'l Assn
May 15, 2006
$598,157
1044 Acquisitions LP
Owner,record
Grant Deed
related
—
—
—
Brothers Gambone
—
Deed Of Trust
related
$835,000 · Pnc Bank
—
—
Brothers Gambone
—
Deed Of Trust
related
$835,000 · Pnc Bank
—
—
Palmer-altemose Associates LP
—
Loan Modification
related
$56,500,000 · Capital One Nat'l Assn
—
—
1044 Acquisition LP
—
Deed Of Trust
related
$4,718,461 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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