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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Investment properties
1329 Cheltenham Ave Elkins Park, PA 19027-3162
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-2863806
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1955
Total area
7,600 SF
Lot
0.22 ac (9,700 SF)
Zoning code
C4
APN
31-00-05515-00-7
UPID
US73-2863806
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
-
United National Bankcard Services (UNBS) Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$885k
Owner & transaction history
More Shopping Center LP · 6 yrs held
More Shopping Center LP
since 2019
2 recorded transactions
Zoning & alternative use
C4 · Elkins Park, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+52.0%
Medical building
$1.2M
+46.4%
Restaurant
$1.1M
+30.4%
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 Elkins Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkins Park 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%
$1,310,000
6.5%
$1,210,000
7%
$1,125,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$820,000
Current use
OFFICE BUILDING
$1,245,000
Change: +52% · Conversion: Easy
MEDICAL BUILDING
$1,200,000
Change: +46% · Conversion: Easy
RESTAURANT
$1,065,000
Change: +30% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,055,000
Change: +29% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$990,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$116 / 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
$34,733
Tax year 2023
Assessed value
$520,050
Assessed 2024
Previous assessed
$520,050
+0.0% YoY
Effective rate
6.68%
On assessed value
Assessed land
$89,830
Assessed improvement
$430,220
Land market value
$89,830
Improvement market value
$430,220
Total market value
$520,050
Applied tax rate
31.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1955
Heating
HOT WATER
Cooling
CENTRAL
Total area
7,600 SF
Lot
0.22 ac (9,700 SF)
Zoning code
C4
APN
31-00-05515-00-7
UPID
US73-2863806
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C4 · Elkins Park, PA
Zoning C4 · permitted uses
C4 · Elkins Park, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elkins Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$820,000
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$990,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1955
Heating
HOT WATER
Cooling
Yes
Lot
0.22 ac
Current owner
From public records · entity-resolved
More Shopping Center LP
Entity
Mailing address
1 DIVIDING DR, MARLTON, NJ 08053-5401
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2019
$1,600,000
More Shopping Center LP
In Pak
Grant Deed
$1,097,000 · Shinhan Bk
—
—
In Pak
—
Deed Of Trust
related
$1,400,000 · Noah 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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