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Property profile & analytics
OFF-MARKET
Estimated value
$2,755,000
Warehouses
1400 Ml Crk Rd Gladwyne, PA 19035-1311
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-5782477
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1920
Total area
47,128 SF
Lot
1.92 ac (83,592 SF)
Zoning code
RAA
APN
40-00-37672-00-7
UPID
US73-5782477
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
-
Rolling hills creek Hiking Area
-
Barker's Mill (aka Nippes Armory) Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$2.76M
Owner & transaction history
1400 Mill Creek Holding LP · 3 yrs held
1400 Mill Creek Holding LP
since 2022
Last sale
$2.8M
4 recorded transactions
Zoning & alternative use
RAA · Gladwyne, 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 Gladwyne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gladwyne 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
$2,845,000
ML approach
$3,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,320,000
Current use
Blend value · Realmo final
$2.76M
Range $2.48M – $3.03M · ±10% · vs last sale $2.75M (Sep 23 2022)
Last sale anchor
$2.75M
Sep 23 2022
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
$58 / 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
$28,035
Tax year 2023
Assessed value
$671,290
Assessed 2024
Previous assessed
$671,290
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$221,910
Assessed improvement
$449,380
Land market value
$221,910
Improvement market value
$449,380
Total market value
$671,290
Applied tax rate
40.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1920
Heating
HOT WATER
Cooling
NONE
Stories
2
Rooms
4
Bathrooms
1
Total area
47,128 SF
Lot
1.92 ac (83,592 SF)
Zoning code
RAA
APN
40-00-37672-00-7
UPID
US73-5782477
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RAA · Gladwyne, PA
Zoning RAA · permitted uses
RAA · Gladwyne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gladwyne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.3M
WAREHOUSE, STORAGE 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
1920
Heating
HOT WATER
Cooling
Yes
Stories
2
Rooms
4
Bathrooms
1
Lot
1.92 ac
Current owner
From public records · entity-resolved
1400 Mill Creek Holding LP
Entity
Free & Clear · 3 yrs held
Mailing address
110 GALLAGHER RD, WAYNE, PA 19087-2959
Ownership since
2022
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
Sep 23, 2022
$2,750,000
1400 Mill Creek Holding LP
Millcreek Road Associates LP
Special Warranty Deed
—
Jul 14, 2009
—
Millcreek Road Associates
—
Grant Deed
related
$6,900,000 · Third Federal Bank
Apr 3, 2006
—
Millcreek Road Associates
—
Deed Of Trust
related
$6,500,000 · Third Federal Bank
Jun 4, 2002
$2,500,000
Millcreek Road Associates LP
Quinn,henry A
Grant Deed
$2,625,000 · Pennsylvania Business 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.
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