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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Commercial real estate
108 Lancaster Ave, Wayne, PA 19087-4146
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0449233
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Total area
9,834 SF
Lot
0.17 ac (7,449 SF)
APN
36-03-01657-00
UPID
US73-0449233
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
-
Orthodontics On The Line Dental Office
-
Kiersten Marie Interior Design Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.22M
Owner & transaction history
Jaz Ortho Real Estate LLC · 1 yrs held
Jaz Ortho Real Estate LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
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 Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne 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
$1,220,000
ML approach
$1,220,000
CAP Approach
CAP Return
Estimation
6%
$1,625,000
6.5%
$1,500,000
7%
$1,390,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,760,000
Current use
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10% · vs last sale $1.22M (Aug 19 2024)
Last sale anchor
$1.22M
Aug 19 2024
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
$124 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,896
Tax year 2024
Assessed value
$440,000
Assessed 2024
Previous assessed
$440,000
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$200,000
Assessed improvement
$240,000
Total market value
$440,000
Applied tax rate
3,608.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1900
Heating
NONE
Cooling
CENTRAL
Total area
9,834 SF
Lot
0.17 ac (7,449 SF)
APN
36-03-01657-00
UPID
US73-0449233
Jurisdiction
DELAWARE
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
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
1900
Heating
NONE
Cooling
Yes
Lot
0.17 ac
Current owner
From public records · entity-resolved
Jaz Ortho Real Estate LLC
Entity
Mailing address
300 E ALEXANDER CT APT #110, PHILADELPHIA, PA 19103-1156
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2024
$1,220,000
Jaz Ortho Real Estate LLC
Rpovco Dt Wayne LLC
Special Warranty Deed
$1,335,000 · Live Oak Banking Company
Oct 17, 2019
—
Hacker,mark S Trust
Mark Hacker
Quit Claim Deed
related
—
Jul 8, 2014
—
Provco Dt Wayne LLC
School Lane Holding Co LP
Grant Deed
—
Feb 28, 2013
—
School Lane Holding Co LP
—
Deed Of Trust
related
$2,400,000 · Bryn Mawr Trust Co
Jun 8, 2011
—
School Lane Holding Co LP
—
Deed Of Trust
related
$2,178,237 · Firstrust Bank
Oct 21, 2008
$635,000
Beth M A Blough
School Lane Holding Co
Grant Deed
$310,000 · Trident Mortgage Co
Sep 5, 2008
$755,000
Lisa A Sher
School Lane Holding Co
Grant Deed
$417,000 · Bryn Mawr Trust Co
May 28, 2008
$750,000
Mark B Holloway
School Lane Holding Co
Grant Deed
$108,000 · Bryn Mawr Trust Co
May 6, 2008
—
School Lane Holding Co
—
Grant Deed
related
$3,800,000 · Firstrust Bank
May 18, 2006
$3,700,000
School Lane Holding Co LP
The Rosedon Holding Co LP
Special Warranty Deed
$2,960,000 · Citizens Bank Of Pennsylvania
May 30, 2001
$1,275,000
Rosedon Holding Co LP
Murphy,william J & Arlene
Grant Deed
$1,050,000 · William & Arlene V
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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