Back to Search
Property profile & analytics
FOR LEASE
Office Spaces
1240 S Broad St Lansdale, PA 19446
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-0631576
For Lease
1 / 2
$3,840,000
1240 S Broad St, Lansdale, PA 19446
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2000
Total area
45,110 SF
Lot
0.35 ac (15,130 SF)
Zoning code
OC
APN
56-00-08344-10-5
UPID
US73-0631576
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
-
Amy M. Hahn, PA-C - Dermatology and Skin Cancer Institute Medical Clinic
-
Macdonagh Deborah Physician Medical Clinic
-
Leela Jackson, PsyD Physician Medical Clinic
-
Margaret A. Brnich-Ryan, LPC Counselor Doctor
-
Viha Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$3.84M
Owner & transaction history
Landmark Prof Realty LLC · 8 yrs held
Landmark Prof Realty LLC
since 2017
3 recorded transactions
Zoning & alternative use
OC · Upper Gwynedd, 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 Lansdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansdale 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
RESTAURANT
$6,330,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,270,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.84M
Range $3.46M – $4.22M · ±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
$85 / 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
$64,870
Tax year 2023
Assessed value
$1,768,130
Assessed 2024
Previous assessed
$1,768,130
+0.0% YoY
Effective rate
3.67%
On assessed value
Total market value
$1,768,130
Applied tax rate
56.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
Year built
2000
Heating
NONE
Cooling
NONE
Total area
45,110 SF
Lot
0.35 ac (15,130 SF)
Zoning code
OC
APN
56-00-08344-10-5
UPID
US73-0631576
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
OC · Upper Gwynedd, PA
Zoning OC · permitted uses
OC · Upper Gwynedd, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Upper Gwynedd. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
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
2000
Heating
NONE
Cooling
Yes
Lot
0.35 ac
Current owner
From public records · entity-resolved
Landmark Prof Realty LLC
Entity
Mailing address
PO BOX 1017, BLUE BELL, PA 19422-0258
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2017
$3,870,000
Landmark Prof Realty LLC
Bt Broad Street LP
Grant Deed
$3,500,000 · Wells Fargo Bk
Nov 19, 2012
—
Bt Broad Street LP
—
Deed Of Trust
related
$2,400,000 · Genworth Life Insurance Co
—
—
Bt Broad Street LP
—
Deed Of Trust
related
$2,925,000 · Manufacturers Life Insurance
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?”
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.
