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Property profile & analytics
OFF-MARKET
Estimated value
$6,000,000
Automotive properties
1416 Main St West Norriton, PA 19403-3226
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-1754013
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1940
Total area
30,759 SF
Lot
4.67 ac (203,425 SF)
Zoning code
C
APN
63-00-06970-00-5
UPID
US73-1754013
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
-
Norristown Chrysler Dodge Jeep Ram Car Dealership Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.90M
Blend (final)
Blend
$6.00M
Owner & transaction history
Norristown Land LLC · 1 yrs held
Norristown Land LLC
since 2024
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
C · West Norriton, 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 West Norriton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Norriton 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
$6,000,000
ML approach
$6,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$9,090,000
Current use
RETAIL STORES
$8,280,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$6.00M
Range $5.40M – $6.60M · ±10% · vs last sale $6.00M (Oct 18 2024)
Last sale anchor
$6.00M
Oct 18 2024
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
$195 / 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
$99,055
Tax year 2023
Assessed value
$2,027,450
Assessed 2024
Previous assessed
$2,027,450
+0.0% YoY
Effective rate
4.89%
On assessed value
Total market value
$2,027,450
Applied tax rate
63.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1940
Heating
FORCED AIR
Cooling
CENTRAL
Total area
30,759 SF
Lot
4.67 ac (203,425 SF)
Zoning code
C
APN
63-00-06970-00-5
UPID
US73-1754013
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C · West Norriton, PA
Zoning C · permitted uses
C · West Norriton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Norriton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$9.1M
RETAIL STORES
Est. value
$8.3M
AUTO REPAIR, GARAGE Current
RETAIL STORES
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
1940
Heating
FORCED AIR
Cooling
Yes
Lot
4.67 ac
Current owner
From public records · entity-resolved
Norristown Land LLC
Entity
Mailing address
9001 E COLONIAL DR, ORLANDO, FL 32817-4176
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2024
—
Norristown Land LLC
Norristown Land LLC
Deed
related
—
Feb 1, 2022
$6,000,000
Norristown Land LLC
Jlo
Deed
$5,100,000 · Jp Morgan Chase Bank
Dec 13, 2017
—
Jlo
—
Deed
related
$500,000 · Wilmington Svgs Fund Society
May 2, 2002
$2,500,000
J L O
Veeco Partnership
Grant Deed
—
—
—
Veeco Ptshp
—
Deed Of Trust
related
$995,000 · Pnc Bank
—
—
Jlo LP
—
Deed Of Trust
related
$1,000,000 · South Eastern Economic Dev Co
—
—
Jlo LP
—
Deed Of Trust
related
$2,408,400 · Malvern Fsb
—
—
Jlo
—
Deed Of Trust
related
$500,000 · Wilmington Svgs Fund Society
—
—
Jlo LP
—
Deed Of Trust
related
$2,300,000 · Penn Liberty Bank
—
—
Sport Chrysler-plymouth Of Jeep I
—
Deed Of Trust
related
$300,000 · Malvern Fsb
—
—
Jlo LP
—
Deed Of Trust
related
$500,000 · Penn Liberty 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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