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Property profile & analytics
OFF-MARKET
Estimated value
$3,130,000
Apartment buildings
1129 Main St Lansdale, PA 19446-1300
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0162252
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Total area
18,228 SF
Lot
0.68 ac (29,550 SF)
Zoning code
RA
APN
11-00-09756-00-7
UPID
US73-0162252
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
$3.38M
CAP Approach
CAP
$3.79M
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$3.13M
Owner & transaction history
Oak Manor 1129 Main LLC · 4 yrs held
Oak Manor 1129 Main LLC
since 2021
Last sale
$2.7M
5 recorded transactions
Zoning & alternative use
RA · Lansdale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.9M
+93.7%
Office building
$3.0M
+17.7%
Medical building
$2.9M
+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 Lansdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansdale 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
$3,485,000
ML approach
$3,380,000
CAP Approach
CAP Return
Estimation
6%
$4,105,000
6.5%
$3,790,000
7%
$3,520,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,535,000
Current use
RETAIL STORES
$4,910,000
Change: +94% · Conversion: Difficult
OFFICE BUILDING
$2,980,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$2,875,000
Change: +13% · Conversion: Moderate
RESTAURANT
$2,560,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,375,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,040,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.13M
Range $2.82M – $3.44M · ±10% · vs last sale $2.70M (Aug 6 2021)
Last sale anchor
$2.70M
Aug 6 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
$172 / 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
$34,218
Tax year 2023
Assessed value
$813,470
Assessed 2024
Previous assessed
$813,470
+0.0% YoY
Effective rate
4.21%
On assessed value
Assessed land
$138,910
Assessed improvement
$674,560
Land market value
$138,910
Improvement market value
$674,560
Total market value
$813,470
Applied tax rate
11.0000
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
1987
Heating
HEAT PUMP
Cooling
CENTRAL
Units
15
Total area
18,228 SF
Lot
0.68 ac (29,550 SF)
Zoning code
RA
APN
11-00-09756-00-7
UPID
US73-0162252
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RA · Lansdale, PA
Zoning RA · permitted uses
RA · Lansdale, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lansdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.5M
RETAIL STORES
Est. value
$4.9M
OFFICE BUILDING
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.9M
RESTAURANT
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1987
Heating
HEAT PUMP
Cooling
Yes
Units
15
Lot
0.68 ac
Current owner
From public records · entity-resolved
Oak Manor 1129 Main LLC
Entity
Mailing address
PO BOX 428, VILLANOVA, PA 19085-0428
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2021
$2,700,000
Oak Manor 1129 Main LLC
Nash Family Real Estate LLC
Deed
$2,025,000 · Link Bank
Dec 12, 2005
$1,350,360
Nash Family Real Estate LLC
Nash,john R
Grant Deed
—
Jan 7, 2003
—
Nash,john R Tr
—
Deed Of Trust
related
$1,800,000 · Union Nat'l Bk & Tr Souderton
May 23, 2002
—
William E Est Nash
—
Deed Of Trust
related
$3,000,000 · Union Nat'l Bk & Tr Souderton
—
—
Univest National Bank & Trust Co
—
Deed Of Trust
related
—
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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