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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Warehouses
1230 Mermaid Ln, Wyndmoor, PA 19038-7667
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-3029866
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Total area
25,320 SF
Lot
0.64 ac (27,700 SF)
Zoning code
I
APN
52-00-11590-00-4
UPID
US73-3029866
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
-
Keystone Glass Block Plus Inc Factory Industrial Manufacturer
-
Superior Fence & Rail General Contractor Construction Company
-
Wisx Radio Station Telecommunications Service
-
James McCoy Carpentry General Contractor
-
Site of Philo Farnsworth Television Station Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.53M
Owner & transaction history
Sedum Properties LLC · 2 yrs held
Sedum Properties LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
I · Wyndmoor, 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 Wyndmoor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wyndmoor 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
$1,525,000
ML approach
$1,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,320,000
Current use
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.53M (Apr 8 2024)
Last sale anchor
$1.53M
Apr 8 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
$60 / 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
$28,376
Tax year 2023
Assessed value
$602,420
Assessed 2024
Previous assessed
$602,420
+0.0% YoY
Effective rate
4.71%
On assessed value
Assessed land
$40,910
Assessed improvement
$561,510
Land market value
$40,910
Improvement market value
$561,510
Total market value
$602,420
Applied tax rate
52.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Heating
FORCED AIR
Cooling
CENTRAL
Total area
25,320 SF
Lot
0.64 ac (27,700 SF)
Zoning code
I
APN
52-00-11590-00-4
UPID
US73-3029866
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I · Wyndmoor, PA
Zoning I · permitted uses
I · Wyndmoor, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wyndmoor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.3M
WAREHOUSE, STORAGE 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
1967
Heating
FORCED AIR
Cooling
Yes
Lot
0.64 ac
Current owner
From public records · entity-resolved
Sedum Properties LLC
Entity
Mailing address
1030 LEOPARD RD, RYDAL, PA 19046-2412
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
Apr 8, 2024
$1,525,000
Sedum Properties LLC
Stephen L Kurtz
Special Warranty Deed
$1,220,000 · Univest Bank & Trust Co
Apr 6, 2020
—
Stephen L Kurtz
—
Deed
related
$3,556,165 · Truist Bk
—
—
Stephen L Kurtz
—
Deed Of Trust
related
$45,000 · National Penn Bank
—
—
Stephen L Kurtz
—
Deed Of Trust
related
$3,556,165 · Truist Bk
—
—
Stephen L Kurtz
—
Deed Of Trust
related
$200,000 · National Penn Bank
—
—
Stephen L Kurtz
—
Deed Of Trust
related
$120,000 · National Penn Bank
—
—
Stephen L Kurtz
—
Deed Of Trust
related
$750,000 · National Penn Bank
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
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