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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Warehouses
145 Rockledge Ave Rockledge, PA 19046-4292
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0287030
Property summary
AI-generated overview
This exceptional Jenkintown office property offers a versatile workspace spanning 1.18 acres. The building features four newly renovated offices, each with its own designated parking space. Three offices measure approximately 100 square feet each, while a larger office provides approximately 200 square feet of space. The property is ideally suited for a variety of business needs, offering the flexibility to rent individual offices or the entire unit. Shared amenities include a comfortable waiting room, a well-appointed bathroom, and a convenient break room complete with a kitchen. All utilities and taxes are included in the rental price. Additional parking is readily available within the ample on-site lot and on the street, ensuring convenient access for tenants and their clients. The listed rental price is an approximation per individual office
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1940
Total area
8,902 SF
Lot
1.18 ac (51,401 SF)
Zoning code
LI
APN
18-00-02305-00-8
UPID
US73-0287030
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.02M
Owner & transaction history
Clla Properties LLC · 4 yrs held
Clla Properties LLC
since 2022
Last sale
$1.0M
1 recorded transaction
Zoning & alternative use
LI · Rockledge, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+78.5%
Medical building
$1.4M
+71.9%
Restaurant
$1.3M
+53.1%
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 Rockledge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockledge 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
$1,035,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
$1,520,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$815,000
Current use
OFFICE BUILDING
$1,455,000
Change: +78% · Conversion: Difficult
MEDICAL BUILDING
$1,405,000
Change: +72% · Conversion: Difficult
RESTAURANT
$1,250,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,235,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,160,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $1.00M (Jan 12 2022)
Last sale anchor
$1.00M
Jan 12 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
$114 / 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
$16,490
Tax year 2023
Assessed value
$325,000
Assessed 2024
Previous assessed
$325,000
+0.0% YoY
Effective rate
5.07%
On assessed value
Assessed land
$104,360
Assessed improvement
$220,640
Land market value
$104,360
Improvement market value
$220,640
Total market value
$325,000
Applied tax rate
18.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1940
Heating
NONE
Cooling
NONE
Total area
8,902 SF
Lot
1.18 ac (51,401 SF)
Zoning code
LI
APN
18-00-02305-00-8
UPID
US73-0287030
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LI · Rockledge, PA
Zoning LI · permitted uses
LI · Rockledge, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockledge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$815,000
OFFICE BUILDING
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
WAREHOUSE, STORAGE 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
1940
Heating
NONE
Cooling
Yes
Lot
1.18 ac
Current owner
From public records · entity-resolved
Clla Properties LLC
Entity
Mailing address
145 ROCKLEDGE AVE, ROCKLEDGE, PA 19046-4292
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2022
$1,000,000
Clla Properties LLC
Allen Brothers & Sons INC
Deed
$800,000 · Centric 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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