Property profile

16 Lancaster Ave Ardmore, PA 19003

OFF-MARKET
Other investment properties
Property ID
US73-1725630
7,832 SF 0.11 ac lot Built 1970
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

A boutique office building located in downtown Ardmore. The property is designed with rentable office suites, with suite sizes ranging from single-desk spaces to approximately 1,500 square feet. It is situated on a 0.06-acre lot and features planned improvements that include exterior facade updates, interior and exterior lighting upgrades, and installation of a key fob entrance system. Tenant improvement work is intended to cover upgrades such as flooring, ceiling and lighting improvements, and painting where applicable, along with planned exterior and interior signage enhancements. Planned common-area updates include deep cleaning, painting, atrium furnishing, and interior plantings.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1970
Total area 7,832 SF
Lot 0.11 ac (4,836 SF)
Zoning code ASDD1
APN 40-00-30096-00-5
UPID US73-1725630

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Life Coach Consultant
  • Financial Advisor
  • Alternative Medicine Practice
  • Clothing & Fashion Store

Location

16 Lancaster Ave Ardmore, PA 19003-2228
Ardmore metro Census 205501 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.25M
Comparable Approach Comparable
$1.91M
Blend (final) Blend
$410k

Owner & transaction history

since 2025
Last sale
$2.4M
7 recorded transactions
2025
$700,000
2025
$2.4M
2022
Price N/A
2021
Price N/A
2021
Price N/A
2018
$1.1M
2012
$754,696

Zoning & alternative use

ASDD1 · Ardmore, PA
Top alternative use upside
Auto repair, garage $2.3M +66.1%
Retail stores $2.1M +51.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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