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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Apartment buildings
1128 Francis Dr Coatesville, PA 19320-3081
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US73-2238764
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2002
Total area
4,408 SF
Lot
33.49 ac (1,458,824 SF)
Zoning code
RN4
APN
1604 00040100
UPID
US73-2238764
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
$950k
CAP Approach
CAP
$735k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Ftp Millview LP · 15 yrs held
Ftp Millview LP
since 2010
7 recorded transactions
Zoning & alternative use
RN4 · Coatesville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+20.2%
Auto repair, garage
$940,000
+12.6%
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 Coatesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coatesville 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
$950,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$685,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$835,000
Current use
COMMERCIAL (GENERAL)
$1,005,000
Change: +20% · Conversion: Moderate
AUTO REPAIR, GARAGE
$940,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$204 / 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
$1,039,029
Tax year 2024
Assessed value
$17,280,000
Assessed 2024
Previous assessed
$19,035,000
-9.2% YoY
Effective rate
6.01%
On assessed value
Assessed land
$814,890
Assessed improvement
$16,465,110
Land market value
$814,890
Improvement market value
$16,914,290
Total market value
$17,729,180
Applied tax rate
16.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
362
Total area
4,408 SF
Lot
33.49 ac (1,458,824 SF)
Zoning code
RN4
APN
1604 00040100
UPID
US73-2238764
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RN4 · Coatesville, PA
Zoning RN4 · permitted uses
RN4 · Coatesville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coatesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$940,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2002
Heating
FORCED AIR
Cooling
Yes
Buildings
362
Lot
33.49 ac
Current owner
From public records · entity-resolved
Ftp Millview LP
Entity
Mailing address
43 GENERAL WARREN BLVD, MALVERN, PA 19355-1245
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2019
—
Ftp Millview LP
—
Grant Deed
related
$30,000,000 · Northfield Bk
Oct 26, 2010
—
Ftp Millview LP
Millview Apartment Homes LP
Quit Claim Deed
related
$29,000,000 · Cbre Multifamily Capital INC
Sep 2, 2010
—
Millview Apartment Homes LP
—
Deed Of Trust
related
$9,861,405 · Bancorp Bank
Oct 5, 2005
—
Millview Apartment Homes
—
Deed Of Trust
related
$27,000,000 · Northwestern Mutual Life Ins
Aug 15, 2002
—
Millview Apartments Homes
Coatesville Communities Corp
Grant Deed
related
—
Feb 13, 2001
$13,057
Joseph O Oha
Coatesville Communities Corp
Grant Deed
$130,506 · Cendant Mortgage Corp
Feb 6, 2001
$13,434
Mark A Gordon
Coatesville Communities Corp
Grant Deed
$127,600 · First National Bank
Oct 11, 2000
$132,764
Donald L Bingaman
Coatesville Communities Corp
Grant Deed
$135,300 · Gateway Funding Divers Mtg Svc
Sep 1, 2000
$128,252
Albert A Morton
Coatesville Communities Corp
Grant Deed
$128,186 · New America Financial INC
Nov 3, 1999
$240,000
Coates Communities Corp
First National Bank W Chester
Grant Deed
$2,600,700 · First National Bank W Chester
Feb 12, 1999
$450,000
Coatesville Communities Corp
Regency Park Assoc
Grant Deed
$427,500 · First National Bank W Chester
—
—
Millview Apartment Homes LP
—
Deed Of Trust
related
$960,000 · First National Bank Chester
—
—
Millview Apartment Homes LP
—
Deed Of Trust
related
$1,050,000 · National Penn Bank
—
—
Millview Apartment Homes
—
Deed Of Trust
related
$5,000,000 · Bancorp Bank
—
—
Millview Apartment Homes LP
—
Deed Of Trust
related
$27,000,000 · Northwestern Mutual Life Ins
—
—
Millview Apartment Homes LP
—
Deed Of Trust
related
$1,000,000 · Bancorp Bank
—
—
Coatesville Communities Corp
—
Deed Of Trust
related
$500,000 · First National Bank Chester
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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