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Property profile & analytics
OFF-MARKET
Estimated value
$6,485,000
Strip malls
1153 Blooming Gln Rd Perkasie, PA 18944
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US73-2083170
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1971
Total area
40,130 SF
Lot
8.2 ac (357,192 SF)
Zoning code
CO
APN
12-014-021-002
UPID
US73-2083170
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
by Request
Blend (final)
Blend
$6.49M
Owner & transaction history
Glenwood Village Shopping Ctr Assoc · 19 yrs held
Glenwood Village Shopping Ctr Assoc
since 2006
3 recorded transactions
Zoning & alternative use
CO · Perkasie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.9M
+36.3%
Commercial (general)
$9.6M
+32.1%
Auto repair, garage
$9.3M
+28.3%
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 Perkasie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perkasie 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
NEIGHBORHOOD: SHOPPING CENTER
$7,265,000
Current use
MEDICAL BUILDING
$9,905,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,600,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,325,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$8,310,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$7,950,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$6.49M
Range $5.84M – $7.13M · ±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
$162 / 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
$153,115
Tax year 2024
Assessed value
$875,240
Assessed 2024
Previous assessed
$875,240
+0.0% YoY
Effective rate
17.49%
On assessed value
Assessed land
$125,040
Assessed improvement
$750,200
Land market value
$1,712,869
Improvement market value
$10,276,667
Total market value
$11,989,536
Applied tax rate
12.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1971
Heating
CENTRAL
Cooling
YES
Buildings
4
Stories
1
Total area
40,130 SF
Lot
8.2 ac (357,192 SF)
Zoning code
CO
APN
12-014-021-002
UPID
US73-2083170
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CO · Perkasie, PA
Zoning CO · permitted uses
CO · Perkasie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Perkasie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$9.9M
COMMERCIAL (GENERAL)
Est. value
$9.6M
AUTO REPAIR, GARAGE
Est. value
$9.3M
OFFICE BUILDING
Est. value
$8.3M
RETAIL STORES
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1971
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Lot
8.2 ac
Current owner
From public records · entity-resolved
Glenwood Village Shopping Ctr Assoc
Individual
Mailing address
1000 GERMANTOWN PIKE STE F1, PLYMOUTH MEETING, PA 19462-2486
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2016
—
Glenwood Village Shopping Center As
—
Deed
related
$7,400,000 · Morgan Stanley Bank NA
Sep 19, 2006
$6,400,000
Glenwood Village Shopping Ctr Assoc
Perk Associates
Deed
$6,900,000 · Merrill Lynch Mortgage Lending INC
May 20, 1998
—
Perk Associates
—
Deed Of Trust
related
$3,804,000 · Provident Mutual Life Isn Co
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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