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Property profile & analytics
FOR SALE
Office buildings
137 W Lancaster Ave Downingtown, PA 19335
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US73-0710521
For Sale
1 / 20
$429,900
137 W Lancaster Ave, Downingtown, PA 19335
View Listing →
Property summary
AI-generated overview
This exceptional mixed-use property, located at 137 W Lancaster Ave in Downingtown, Pennsylvania (zip code 19335), presents a compelling investment opportunity. The 3,000 square foot building, constructed in 1950, is classified as Class B and boasts a 100% occupancy rate with two credit-rated tenants. The property comprises a street-level retail storefront and a two-bedroom, one-bathroom apartment on the second floor. The storefront generates an annual income of $24,000, while the apartment produces $14,400 annually, resulting in a total gross annual income of approximately $38,400. Annual expenses are estimated at $7,724, yielding a 6.8% capitalization rate. The property includes eight parking spaces, a significant advantage in this high-traffic area. Conveniently situated one block from the Downingtown Train Station and a half-block from a SEPTA bus stop, this property benefits from excellent visibility and accessibility on Downingtown's main street. The sale includes the building only
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
6,589 SF
Lot
0.11 ac (4,780 SF)
Zoning code
C2
APN
1108 00210000
UPID
US73-0710521
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
-
Conley Kitchens & Baths Kitchen & Bath Showroom Furniture & Home Goods
-
Smoker’s Emporium Smoke and Vape shop (Bike/Boat/Book/etc) Store
-
Salon DeSante Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$834k
Blend (final)
Blend
$775k
Owner & transaction history
Malle Georgio · 18 yrs held
Malle Georgio
since 2008
2 recorded transactions
Zoning & alternative use
C2 · Downingtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.3M
+2.1%
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 Downingtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downingtown 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
$1,225,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,250,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$118 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$7,190
Tax year 2024
Assessed value
$172,180
Assessed 2024
Previous assessed
$172,180
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$62,350
Assessed improvement
$109,830
Land market value
$62,350
Improvement market value
$109,830
Total market value
$172,180
Applied tax rate
11.0000
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
For Sale
Year built
1900
Heating
ELECTRIC
Cooling
WINDOW A/C
Total area
6,589 SF
Lot
0.11 ac (4,780 SF)
Zoning code
C2
APN
1108 00210000
UPID
US73-0710521
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Downingtown, PA
Zoning C2 · permitted uses
C2 · Downingtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Downingtown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
OFFICE BUILDING Current
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
1900
Heating
ELECTRIC
Cooling
Yes
Lot
0.11 ac
Current owner
From public records · entity-resolved
Malle Georgio
Individual
Mailing address
104 STUART AVE, DOWNINGTOWN, PA 19335-2527
Ownership since
2008
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
Mar 21, 2008
$326,000
Malle Georgio
Frank A Natalie JR
Deed
$500,000 · Citadel FCU
—
—
Frank A Natalie
—
Deed Of Trust
related
$75,000 · First Financial Bank Fsb
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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