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Property profile & analytics
OFF-MARKET
Estimated value
$8,360,000
Apartment buildings
126 Argyle Rd, Ardmore, PA 19003-2822
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-2818426
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1920
Total area
57,800 SF
Lot
1.64 ac (71,395 SF)
Zoning code
R4
APN
40-00-01524-00-2
UPID
US73-2818426
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.78M
Blend (final)
Blend
$8.36M
Owner & transaction history
Simi Property LLC · 6 yrs held
Simi Property LLC
since 2020
Last sale
$7.6M
3 recorded transactions
Zoning & alternative use
R4 · Ardmore, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.3M
+28.1%
Office building
$9.5M
+17.7%
Medical building
$9.1M
+13.4%
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 Ardmore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ardmore 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
$8,560,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,035,000
Current use
COMMERCIAL (GENERAL)
$10,290,000
Change: +28% · Conversion: Moderate
OFFICE BUILDING
$9,455,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$9,110,000
Change: +13% · Conversion: Moderate
RESTAURANT
$8,115,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,535,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$8.36M
Range $7.52M – $9.20M · ±10% · vs last sale $7.55M (Feb 14 2020)
Last sale anchor
$7.55M
Feb 14 2020
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
$145 / 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
$105,381
Tax year 2023
Assessed value
$2,523,310
Assessed 2024
Previous assessed
$2,523,310
+0.0% YoY
Effective rate
4.18%
On assessed value
Total market value
$2,523,310
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
1920
Heating
NONE
Cooling
NONE
Stories
3
Units
44
Total area
57,800 SF
Lot
1.64 ac (71,395 SF)
Zoning code
R4
APN
40-00-01524-00-2
UPID
US73-2818426
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R4 · Ardmore, PA
Zoning R4 · permitted uses
R4 · Ardmore, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ardmore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$10.3M
OFFICE BUILDING
Est. value
$9.5M
MEDICAL BUILDING
Est. value
$9.1M
RESTAURANT
Est. value
$8.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1920
Heating
NONE
Cooling
Yes
Stories
3
Units
44
Lot
1.64 ac
Current owner
From public records · entity-resolved
Simi Property LLC
Entity
Mailing address
1853 MALLARD LN, VILLANOVA, PA 19085-2025
Ownership since
2020
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
Feb 14, 2020
$7,550,000
Simi Property LLC
Argyle Lane LLC
Grant Deed
—
Jan 3, 2013
$3,575,000
Argyle Lane LLC
Kersnick,michael A
Grant Deed
$3,665,000 · Garlev New York Properties LLC
—
—
Michael A Kersnick
—
Deed Of Trust
related
$270,000 · 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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