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Property profile & analytics
OFF-MARKET
Estimated value
$3,630,000
Office buildings
1333 Cheltenham Ave Elkins Park, PA 19027-3140
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US73-5974095
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Total area
27,527 SF
Lot
0.89 ac (38,600 SF)
Zoning code
C4
APN
31-00-05518-00-4
UPID
US73-5974095
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
-
DuBu Restaurant
-
Sangkee Asian Kitchen Restaurant
-
Duba Karaoke and Pub Nightclub Music Venue
-
Farmers Insurance - Insun Hong Insurance Agency
-
Cafe Clover Philly Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$3.63M
Owner & transaction history
More Shopping Center LP · 21 yrs held
More Shopping Center LP
since 2005
7 recorded transactions
Zoning & alternative use
C4 · Elkins Park, 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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,505,000
Current use
MEDICAL BUILDING
$4,340,000
Change: -4% · Conversion: Easy
RESTAURANT
$3,865,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,825,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.63M
Range $3.27M – $3.99M · ±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
$132 / 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
$83,606
Tax year 2023
Assessed value
$1,251,830
Assessed 2024
Previous assessed
$1,251,830
+0.0% YoY
Effective rate
6.68%
On assessed value
Assessed land
$221,620
Assessed improvement
$1,030,210
Land market value
$221,620
Improvement market value
$1,030,210
Total market value
$1,251,830
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1955
Heating
NONE
Cooling
NONE
Total area
27,527 SF
Lot
0.89 ac (38,600 SF)
Zoning code
C4
APN
31-00-05518-00-4
UPID
US73-5974095
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
OFFICE BUILDING Current
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.3M
RESTAURANT
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
OFFICE BUILDING Current
MEDICAL BUILDING
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
1955
Heating
NONE
Cooling
Yes
Lot
0.89 ac
Current owner
From public records · entity-resolved
More Shopping Center LP
Entity
Mailing address
22 SOUTHWOOD DR, CHERRY HILL, NJ 08003-2950
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2019
—
More Shopping Center LP
—
Deed
related
$1,097,000 · Shinhan Bk
Jul 7, 2017
—
More Shopping Center LP
—
Deed
related
$2,000,000 · Shinhan Bk
Dec 4, 2012
—
More Shopping Center LP
—
Deed Of Trust
related
$9,270,000 · Woori America Bank
Jan 20, 2005
$2,350,000
More Shopping Center LP
1333 Associates LP
Special Warranty Deed
$1,800,000 · Pennsylvania Business Bank
May 23, 2002
—
1333 Associates LP
—
Deed Of Trust
related
$2,850,000 · First Penn Bank
Nov 14, 2000
—
1333 Associates LP
Montgomery County Industrial
Grant Deed
$2,200,000 · First Penn Bank
—
—
More Shopping Center LP
—
Deed Of Trust
related
$1,097,000 · Shinhan Bk
—
—
More Shopping Center LP
—
Deed Of Trust
related
$2,000,000 · Shinhan Bk
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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