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Property profile & analytics
OFF-MARKET
Estimated value
$9,450,000
High-rise multifamily apartments
11-15 Athens Ave, Ardmore, PA 19003
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US73-0202764
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1920
Total area
67,473 SF
Lot
0.66 ac (28,652 SF)
Zoning code
ASDD2
APN
40-00-02456-00-6
UPID
US73-0202764
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.93M
Blend (final)
Blend
$9.45M
Owner & transaction history
Ballyhaunis Partners LP · 13 yrs held
Ballyhaunis Partners LP
since 2012
7 recorded transactions
Zoning & alternative use
ASDD2 · Ardmore, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.0M
+28.1%
Office building
$11.0M
+17.7%
Medical building
$10.6M
+13.4%
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 Ardmore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ardmore 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
APARTMENT HOUSE (5+ UNITS)
$9,380,000
Current use
COMMERCIAL (GENERAL)
$12,010,000
Change: +28% · Conversion: Moderate
OFFICE BUILDING
$11,040,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$10,635,000
Change: +13% · Conversion: Moderate
RESTAURANT
$9,470,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,795,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$9.45M
Range $8.51M – $10.40M · ±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
$140 / 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
$156,236
Tax year 2023
Assessed value
$3,741,030
Assessed 2024
Previous assessed
$3,741,030
+0.0% YoY
Effective rate
4.18%
On assessed value
Total market value
$3,741,030
Applied tax rate
40.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1920
Heating
HOT WATER
Cooling
NONE
Stories
3
Units
14
Total area
67,473 SF
Lot
0.66 ac (28,652 SF)
Zoning code
ASDD2
APN
40-00-02456-00-6
UPID
US73-0202764
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
ASDD2 · Ardmore, PA
Zoning ASDD2 · permitted uses
ASDD2 · Ardmore, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ardmore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.4M
COMMERCIAL (GENERAL)
Est. value
$12.0M
OFFICE BUILDING
Est. value
$11.0M
MEDICAL BUILDING
Est. value
$10.6M
RESTAURANT
Est. value
$9.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
1920
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
14
Lot
0.66 ac
Current owner
From public records · entity-resolved
Ballyhaunis Partners LP
Entity
Mailing address
PO BOX 609, SOUTHEASTERN, PA 19399-0609
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2012
—
Ballyhaunis Partners LP
—
Deed Of Trust
related
$8,250,000 · Bryn Mawr Trust Co
Oct 26, 2012
—
Ballyhaunis Partners LP
Ballyhaunis Partners LP
Quit Claim Deed
—
Sep 1, 2005
$1,650,000
Ballybaunis Partners
Athens Corp
Grant Deed
$1,237,500 · Bryn Mawr Trust Co
Apr 20, 2004
—
New Century Bk
Athens Corp
Grant Deed
related
—
Feb 25, 2004
—
New Century Bk
Athens Corp
Grant Deed
related
—
—
—
Athens Corp
—
Deed Of Trust
related
$190,000 · New Century Bank
—
—
Ballyhaunis Partners LP
—
Deed Of Trust
related
$9,375,000 · Berkadia Com'l Mtg
—
—
Athens Corp
—
Deed Of Trust
related
$100,000 · New Century Bank
—
—
Athens Corp
—
Deed Of Trust
related
$550,000 · Progress 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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