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Property profile & analytics
OFF-MARKET
Estimated value
$4,700,000
Auto shops
119 Lancaster Ave Devon, PA 19333-1503
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-1326360
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1950
Total area
22,662 SF
Lot
1.78 ac (77,537 SF)
Zoning code
PBO
APN
5503E00900000
UPID
US73-1326360
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
$4.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.70M
Owner & transaction history
Main Line Real Properties LP · 2 yrs held
Main Line Real Properties LP
since 2024
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
PBO · Devon, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.2M
+6.8%
Restaurant
$4.9M
+1.3%
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 Devon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Devon 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
$4,700,000
ML approach
$4,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,840,000
Current use
COMMERCIAL (GENERAL)
$5,170,000
Change: +7% · Conversion: Moderate
RESTAURANT
$4,900,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,300,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$4,215,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$4.70M
Range $4.23M – $5.17M · ±10% · vs last sale $4.70M (Jun 21 2024)
Last sale anchor
$4.70M
Jun 21 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
$207 / 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
$22,862
Tax year 2024
Assessed value
$612,940
Assessed 2024
Previous assessed
$612,940
+0.0% YoY
Effective rate
3.73%
On assessed value
Assessed land
$481,450
Assessed improvement
$131,490
Land market value
$481,450
Improvement market value
$134,500
Total market value
$615,950
Applied tax rate
55.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1950
Heating
YES
Cooling
CENTRAL
Total area
22,662 SF
Lot
1.78 ac (77,537 SF)
Zoning code
PBO
APN
5503E00900000
UPID
US73-1326360
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
PBO · Devon, PA
Zoning PBO · permitted uses
PBO · Devon, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Devon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$5.2M
RESTAURANT
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.2M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1950
Heating
YES
Cooling
Yes
Lot
1.78 ac
Current owner
From public records · entity-resolved
Main Line Real Properties LP
Entity
Mailing address
120 PENNSYLVANIA AVE STE #403, MALVERN, PA 19355-2418
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2024
$4,700,000
Main Line Real Properties LP
119 Lancaster Partners LP
Deed
$5,460,000 · Manufacturers & Traders Trust Co
Oct 31, 2019
—
119 Lancaster Partners LP
—
Deed
related
$20,000 · Wilmington Svgs Fund Society F
Nov 5, 2014
$2,350,000
119 Lancaster Partners LP
Belar Electronics Laboratory I
Grant Deed
—
—
—
Belar Electronics Laboratory I
—
Deed Of Trust
related
$240,000 · Vantage Point Bank
—
—
119 Lancaster Partners LP
—
Deed Of Trust
related
$20,000 · Wilmington Svgs Fund Society F
—
—
Belar Electronics Laboratory I
—
Deed Of Trust
related
$50,000 · Vantage Point Bank
—
—
Belar Electronics Laboratory I
—
Loan Modification
related
$700,000 · Eagle Nat'l Bk
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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