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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Investment properties
123 Wayne Ave, Wayne, PA 19087-4018
Entity Owned
8-yr Hold
Absentee Owner
Property ID
US73-2533536
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1935
Total area
6,795 SF
Lot
0.48 ac (21,100 SF)
APN
36-06-03992-00
UPID
US73-2533536
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
-
Out There Outfitters Clothing Store Children'S Clothing Store
-
Ameriprise Financial Financial Advisor
-
Shelbourne Healthcare Development Group Corporate Office
-
Hallowell Construction Co Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$540k
Blend (final)
Blend
$735k
Owner & transaction history
123 West Wayne Avenue Ptshp LP · 8 yrs held
123 West Wayne Avenue Ptshp LP
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne 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
COMMERCIAL (GENERAL)
$1,215,000
Current use
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$108 / 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
$16,582
Tax year 2024
Assessed value
$820,140
Assessed 2024
Previous assessed
$820,140
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$164,800
Assessed improvement
$655,340
Total market value
$820,140
Applied tax rate
36.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1935
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
6,795 SF
Lot
0.48 ac (21,100 SF)
APN
36-06-03992-00
UPID
US73-2533536
Jurisdiction
DELAWARE
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
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
1935
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.48 ac
Current owner
From public records · entity-resolved
123 West Wayne Avenue Ptshp LP
Entity
Mailing address
595 E LANCASTER AVE STE #203, WAYNE, PA 19087-5145
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2018
—
123 West Wayne Avenue Ptshp LP
123 West Wayne Avenue Ptshp LP
Quit Claim Deed
—
Aug 14, 2007
—
123 West Wayne Avenue Ptshp
—
Deed Of Trust
related
$1,500,000 · Bryn Mawr Trust Co
Mar 8, 2002
—
123 West Wayne Avenue Partners
123 West Wayne Avenue Partners
Quit Claim Deed
related
$610,000 · Bryn Mawr Trust Co
—
—
123 West Wayne Ave Ptshp LP
—
Deed Of Trust
related
$150,000 · Bryn Mawr Trust Co
—
—
123 West Wayne Avenue Ptshp
—
Deed Of Trust
related
$200,000 · Bryn Mawr Trust Co
—
—
123 West Wayne Avenue Ptshp
—
Deed Of Trust
related
$460,000 · Bryn Mawr Trust Co
—
—
Mark B Hallowell
—
Deed Of Trust
related
$300,000 · Missouri Elec Co-op Emp Cu
—
—
123 West Wayne Avenue Ptshp
—
Deed Of Trust
related
$499,000 · 1st Main Line Bank
—
—
123 West Wayne Avenue Ptshp
—
Deed Of Trust
related
$1,250,000 · Bryn Mawr Trust Co
—
—
123 W Wayne Avenue Ptshp
—
Deed Of Trust
related
$500,000 · Bryn Mawr Trust 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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