Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Office buildings
121 Chestnut St Souderton, PA 18964-1179
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0881699
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2003
Total area
7,048 SF
Lot
0.58 ac (25,075 SF)
Zoning code
C1
APN
21-00-06752-00-4
UPID
US73-0881699
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
Current use
Occupant on record · Public records
-
KAREN L. ROSENBERGER Physician Medical Clinic
-
Indian Valley Chamber of Commerce Business Service Center Advocacy Group
-
JS Bickingcott Carpet Installs General Contractor Carpet & Flooring Store
-
Addingtons Heater Repairs General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$807k
Blend (final)
Blend
$965k
Owner & transaction history
Okam LLC · 3 yrs held
Okam LLC
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C1 · Souderton, PA
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 Souderton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Souderton 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
$1,195,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,155,000
Current use
MEDICAL BUILDING
$1,110,000
Change: -4% · Conversion: Easy
RESTAURANT
$990,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$980,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10% · vs last sale $1.10M (Jan 5 2023)
Last sale anchor
$1.10M
Jan 5 2023
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
$137 / 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
$15,084
Tax year 2023
Assessed value
$334,040
Assessed 2024
Previous assessed
$334,040
+0.0% YoY
Effective rate
4.52%
On assessed value
Total market value
$334,040
Applied tax rate
21.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
CENTRAL
Total area
7,048 SF
Lot
0.58 ac (25,075 SF)
Zoning code
C1
APN
21-00-06752-00-4
UPID
US73-0881699
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Souderton, PAZoning C1 · permitted uses
C1 · Souderton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
TABLE OF CONTENTS
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$990,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$980,000
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2003
Heating
FORCED AIR
Cooling
Yes
Lot
0.58 ac
Current owner
From public records · entity-resolved
Okam LLC
Entity
Mailing address
38 SOUTHWOODS LN, DOYLESTOWN, PA 18901-2914
Ownership since
2023
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
Jan 5, 2023
$1,100,000
Okam LLC
Suburban Equities I INC
Deed
$880,000 · Penn Community Bank
Jun 5, 2019
—
Suburban Equity I INC
—
Deed
related
$490,000 · Qnb Bk
Aug 2, 2017
—
Suburban Equities I INC
—
Deed
related
$400,000 · R White Associates LLC
Nov 13, 2008
—
Suburban Equities I INC
—
Trustees Deed
related
$514,720 · Univest National Bank & Tr Co
Sep 6, 2002
$100,000
Suburban Equities I INC
Souderton Motor Co
Grant Deed
related
—
—
—
Suburban Equity I INC
—
Deed Of Trust
related
$490,000 · Qnb Bk
—
—
Equit I I Suburban
—
Deed Of Trust
related
$600,000 · Univest Nat Bk&t Co
—
—
Suburban Equities I INC
—
Deed Of Trust
related
$400,000 · R White Associates LLC
—
—
Suburban Equities I INC
—
Deed Of Trust
related
$511,135 · Univest National Bank & Tr 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 121 Chestnut St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
