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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Strip malls
1703 Markley St Norristown, PA 19401-2901
Entity Owned
12-yr Hold
Free & Clear
Property ID
US73-5439223
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
8,390 SF
Lot
0.91 ac (39,760 SF)
Zoning code
CR
APN
13-00-23960-00-3
UPID
US73-5439223
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
-
shell Gas station Gas Station
-
Shell Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$722k
Blend (final)
Blend
$910k
Owner & transaction history
Kkr Investments LLC · 12 yrs held
Kkr Investments LLC
since 2013
7 recorded transactions
Zoning & alternative use
CR · Norristown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+33.6%
Medical building
$1.3M
+20.9%
Apartment house (5+ units)
$1.2M
+10.7%
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 Norristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norristown 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,095,000
Current use
OFFICE BUILDING
$1,460,000
Change: +34% · Conversion: Moderate
MEDICAL BUILDING
$1,320,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,210,000
Change: +11% · Conversion: Difficult
RESTAURANT
$1,180,000
Change: +8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$940,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10%
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
$108 / 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
$41,567
Tax year 2023
Assessed value
$677,190
Assessed 2024
Previous assessed
$677,190
+0.0% YoY
Effective rate
6.14%
On assessed value
Assessed land
$189,090
Assessed improvement
$488,100
Land market value
$189,090
Improvement market value
$488,100
Total market value
$677,190
Applied tax rate
13.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
3
Bathrooms
1
Total area
8,390 SF
Lot
0.91 ac (39,760 SF)
Zoning code
CR
APN
13-00-23960-00-3
UPID
US73-5439223
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CR · Norristown, PAZoning CR · permitted uses
CR · Norristown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$940,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
INDUSTRIAL (GENERAL)
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Kkr Investments LLC
Entity
Free & Clear · 12 yrs held
Mailing address
800 SS ST STE #500, WALTHAM, MA 02453-1439
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2021
—
Northeast Real Estate Holdings LLC
—
Deed
related
$1,200,000 · Sunoco LLC
Sep 15, 2020
—
Kkr Investments LLC
—
Deed
related
$750,000 · Cmk Fin'l LLC
Nov 13, 2013
$2,742
Kkr Investments LLC
Sheriff Of Montgomery County
Trustees Deed
related
—
Apr 25, 2003
—
Real Est Enter Jw
Koller,warner R
Grant Deed
related
—
—
—
J W Real Estate Enterprises
—
Deed Of Trust
related
$100,000 · Community Bank NA
—
—
Jw Real Estate Enterprises
—
Deed Of Trust
related
$430,000 · Heritage National Bank
—
—
Jw Real Estate Ents
—
Deed Of Trust
related
$375,000 · Bancorp Bank
—
—
Jw Real Estate Ents
—
Deed Of Trust
related
$763,000 · Delval Business Finance Corp
—
—
Kkr Investments LLC
—
Deed Of Trust
related
$750,000 · Cmk Fin'l LLC
—
—
Jw Real Estate Ents
—
Deed Of Trust
related
$1,833,419 · Bancorp 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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