Entity Owned Property summary
AI-generated overview
This 1,000-square-foot commercial space, located at 1621 Old York Road, Suite 300, Abington, Pennsylvania 19001, is ideal for a variety of uses, including traditional office space or medical office. Situated in Montgomery County, this single-tenant property offers excellent visibility on Old York Road. The modified gross rent is $16.20 per square foot, totaling $1,350 per month plus utilities. The property boasts convenient onsite parking with easy access from both directions of Old York Road via a dedicated turn lane. Public transportation is readily available, with a Route 55 bus stop directly in front of the building and the Crestmont regional rail station within walking distance. This location benefits from high traffic volume and is complemented by existing tenants, including Lamar photo and Abington Smoke Shop. The space is suitable for a boutique, retail store, showroom, or office, offering a prime opportunity for businesses seeking a high-visibility location with convenient amenities and accessibility. This property is categorized as retail and office space.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1956
Total area
14,022 SF
Lot
0.37 ac (15,937 SF)
Zoning code
F1
APN
30-00-49948-00-8
UPID
US73-0287653
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
-
(Bike/Boat/Book/etc) Store
-
Photography Service (Bike/Boat/Book/etc) Store
-
(Bike/Boat/Book/etc) Store
-
Courier Service Postal Service
-
Real Estate Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$360k
Owner & transaction history
since 2017
7 recorded transactions
Zoning & alternative use
F1 · Abington, PA
Top alternative use upside
Restaurant
$2.0M
+25.1%
Apartment house (5+ units)
$2.0M
+23.8%
Neighborhood: shopping center
$1.8M
+16.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 27 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$360k
Value range
$324k – $396k
±10% around blend
Estimated value / SF
$26 / SF
Confidence
High
27 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$324k
blend $360k
$396k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
14,022 SF
Lot area
0.37 ac
Year built
1956
APN
30-00-49948-00-8
Zoning
F1
Assessed value
$320,000
Annual tax
$14,819
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.73M
Weighted, 20 comps · high confidence
Evidence
27 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.8 mi away · 16,020 SF
5.9 mi away · 15,996 SF
9.2 mi away · 13,862 SF
12.1 mi away · 10,368 SF
12.6 mi away · 12,845 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$360k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 31 sales
$112
-77%
Submarket 31 sales
$112
-77%
County 1037 sales
$108
-76%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $26/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+25%
vs current-use indication
Apartment House (5+ Units)
Neighborhood: Shopping Center
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 27 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$320k
Move the market yield to see immediate price impact.
Value / SF
$23
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$20k
$403k
$288k
$224k
$22k
$448k
$320k
$249k
$25k
$493k
$352k
$274k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
27 found
High confidence · county-verified
Closest comparable
$1.04M
0.9 mi · Feb 2026 · $104/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,819
Tax year 2023
Assessed value
$320,000
Assessed 2024
Previous assessed
$320,000
+0.0% YoY
Effective rate
4.63%
On assessed value
Assessed land
$172,480
Assessed improvement
$147,520
Land market value
$172,480
Improvement market value
$147,520
Total market value
$320,000
Applied tax rate
30.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1956
Heating
HOT WATER
Cooling
CENTRAL
Total area
14,022 SF
Lot
0.37 ac (15,937 SF)
Zoning code
F1
APN
30-00-49948-00-8
UPID
US73-0287653
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
F1 · Abington, PAZoning F1 · permitted uses
F1 · Abington, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1956
Heating
HOT WATER
Cooling
Yes
Lot
0.37 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
F1
Jurisdiction
Abington, PA
Recorded code
F1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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