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Property profile & analytics
OFF-MARKET
Apartment buildings
1230 Cornerstone Blvd 151 Downingtown, PA 19335-5355
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-2609627
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2006
Total area
91,714 SF
Lot
11.28 ac (491,357 SF)
Zoning code
OC3
APN
4002 00930300
UPID
US73-2609627
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
-
Riffle Curtis P DC Alternative Medicine Practice
-
Korman Communities Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Downingtown Fee Owner LLC · 5 yrs held
Downingtown Fee Owner LLC
since 2021
Last sale
$42.3M
7 recorded transactions
Zoning & alternative use
OC3 · Downingtown, PA
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 Downingtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downingtown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$701,609
Tax year 2024
Assessed value
$19,842,452
Assessed 2024
Previous assessed
$19,842,452
+0.0% YoY
Effective rate
3.54%
On assessed value
Assessed land
$1,754,810
Assessed improvement
$18,087,642
Land market value
$1,754,810
Improvement market value
$18,633,502
Total market value
$20,388,312
Applied tax rate
40.0000
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
2006
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
253
Units
54
Total area
91,714 SF
Lot
11.28 ac (491,357 SF)
Zoning code
OC3
APN
4002 00930300
UPID
US73-2609627
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
OC3 · Downingtown, PAZoning OC3 · permitted uses
OC3 · Downingtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Cooling
Yes
Buildings
253
Units
54
Lot
11.28 ac
Current owner
From public records · entity-resolved
Downingtown Fee Owner LLC
Entity
Mailing address
1717 ARCH ST STE #3820, PHILADELPHIA, PA 19103-2761
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2021
$42,264,422
Downingtown Fee Owner LLC
Cornerstone Terrace Venture LP
Special Warranty Deed
$43,006 · Berkeley Point Capital LLC
Dec 19, 2014
—
Cornerstone Terrace Venture LP
—
Grant Deed
related
$42,280,000 · Acre Cap
Jun 11, 2014
—
Cornerstone Terrace Venture LP
—
Grant Deed
related
$39,750,000 · Cibc
Jun 19, 2007
$49,000,000
Terrace Venture Cornerstone
East Caln Cornerstone Ptrs
Grant Deed
$40,000,000 · Cornerstone Terrace Funding Co
Sep 26, 2003
—
Caln Cornerstone Partners East
East Caln Cornerstone Partners
Quit Claim Deed
related
$23,500,000 · Wilmington Trust Co Pa
Sep 19, 2003
—
P-patch Partners LP
Hanson Aggregates Pennsylvania
Grant Deed
related
—
—
—
Cornerstone Terrace Venture LP
—
Loan Modification
related
—
—
—
Caln Cornerstone Ptrs East
—
Deed Of Trust
related
$2,000,000 · Wilmington Trust Co
—
—
Cornerstone Terrace Venture LP
—
Loan Modification
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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