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Property profile & analytics
OFF-MARKET
Estimated value
$15,215,000
Office buildings
1510 Gehman Rd Harleysville, PA 19438-2929
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-1124895
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
152,625 SF
Lot
10 ac (435,600 SF)
Zoning code
LI
APN
53-00-03364-00-3
UPID
US73-1124895
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
-
MRC Bearing Services Auto Parts Store
-
Deacon Industrial Supply Co., Inc | A Macomb Group Company Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.10M
Blend (final)
Blend
$15.22M
Owner & transaction history
Stag Industrial Holdings LLC · 2 yrs held
Stag Industrial Holdings LLC
since 2023
Last sale
$14.8M
7 recorded transactions
Zoning & alternative use
LI · Harleysville, 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 Harleysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harleysville 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
$16,095,000
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
$24,975,000
Current use
MEDICAL BUILDING
$24,055,000
Change: -4% · Conversion: Easy
RESTAURANT
$21,420,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$21,215,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$15.22M
Range $13.69M – $16.74M · ±10% · vs last sale $14.83M (Jul 28 2023)
Last sale anchor
$14.83M
Jul 28 2023
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
$100 / 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
$248,884
Tax year 2023
Assessed value
$6,144,680
Assessed 2024
Previous assessed
$6,144,680
+0.0% YoY
Effective rate
4.05%
On assessed value
Total market value
$6,144,680
Applied tax rate
53.0000
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
1990
Heating
FORCED AIR
Cooling
CENTRAL
Total area
152,625 SF
Lot
10 ac (435,600 SF)
Zoning code
LI
APN
53-00-03364-00-3
UPID
US73-1124895
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LI · Harleysville, PA
Zoning LI · permitted uses
LI · Harleysville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Harleysville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$25.0M
MEDICAL BUILDING
Est. value
$24.1M
RESTAURANT
Est. value
$21.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$21.2M
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
1990
Heating
FORCED AIR
Cooling
Yes
Lot
10 ac
Current owner
From public records · entity-resolved
Stag Industrial Holdings LLC
Entity
Mailing address
1 FEDERAL ST FL, BOSTON, MA 02110-2013
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2023
$14,827,000
Stag Industrial Holdings LLC
Platinum Owner Pa LLC
Special Warranty Deed
—
Jan 13, 2021
$15,000,000
Platinum Owner Pa LLC
Lhv Portfolio Investors LLC
Grant Deed
$695,000,000 · Barclays Cap R/e
Nov 29, 2016
$9,500,000
Lhv Portfolio Investors LLC
Cam 1510 Gehman Road LLC
Special Warranty Deed
—
Feb 13, 2012
—
201 221 King Mnr Drive L Cam
—
Deed Of Trust
related
$73,520,000 · Jackson National Life Ins Co
Feb 7, 2012
$5,646,548
Cam 1510 Gehman Road LLC
1510 Gehman Road Indl Cap LLC
Grant Deed
—
May 30, 2007
—
1510 Gehman Rd Indus Cap LLC
Bb&k Gp Business Tr
Deed
—
Aug 24, 1999
$8,339,948
Brandywine Industrial Ptshp
Nichols Landsdale LP III
Grant Deed
—
Jan 8, 1997
—
Nichols Lansdale LP III
—
Deed Of Trust
related
$80,000,000 · Nationsbank
—
—
1510 Gehman Road Indl Cap LLC
—
Deed Of Trust
related
—
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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