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Property profile & analytics
OFF-MARKET
Estimated value
$9,650,000
Commercial land
1301 Powell St Norristown, PA 19401-3339
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-2477658
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1938
Total area
213,135 SF
Lot
1.33 ac (58,109 SF)
Zoning code
R2
APN
13-00-11996-00-6
UPID
US73-2477658
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
-
Dr. Steven D. Morse, MD Physician
-
Dr. Lawrence M. Lockett, MD Physician
-
MontgomeryParkBuildingA Apartment Building
-
Dr. Javier S. Reluz, MD Physician
-
Dr. Bianca D. Van Kust, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.94M
Blend (final)
Blend
$9.65M
Owner & transaction history
Elon At Montgomery Park III LP · 1 yrs held
Elon At Montgomery Park III LP
since 2024
4 recorded transactions
Zoning & alternative use
R2 · Norristown, 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 Norristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norristown 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)
$13,575,000
Current use
Blend value · Realmo final
$9.65M
Range $8.69M – $10.62M · ±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
$45 / 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
$8,482
Tax year 2023
Assessed value
$138,170
Assessed 2024
Previous assessed
$138,170
+0.0% YoY
Effective rate
6.14%
On assessed value
Total market value
$138,170
Applied tax rate
13.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1938
Heating
HOT WATER
Cooling
CENTRAL
Stories
3
Total area
213,135 SF
Lot
1.33 ac (58,109 SF)
Zoning code
R2
APN
13-00-11996-00-6
UPID
US73-2477658
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Norristown, PA
Zoning R2 · permitted uses
R2 · Norristown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norristown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$13.6M
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
1938
Heating
HOT WATER
Cooling
Yes
Stories
3
Lot
1.33 ac
Current owner
From public records · entity-resolved
Elon At Montgomery Park III LP
Entity
Mailing address
240 NEW YORK DR STE #1, FORT WASHINGTON, PA 19034-2514
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2024
—
Elon At Montgomery Park III LP
—
Deed
related
$1,000,000 · County Fo Montgomery
Nov 6, 2024
$400,000
Elon At Montgomery Park III LP
Elon At Montgomery Park LP
Deed
related
$8,193,439 · Capital One NA
May 17, 2017
$530,000
Elon At Montgomery Park I LP
Elon At Montgomery Park LP
Grant Deed
related
$750,000 · Housing Fin Agcy
Dec 10, 2015
$685,175
Elon At Montgomery Park LP
Montgomery Hospital
Grant Deed
—
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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