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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
173 Main St Harleysville, PA 19438-2514
Individually Owned
12-yr Hold
Free & Clear
Property ID
US73-0288262
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Total area
4,340 SF
Lot
1.05 ac (45,777 SF)
Zoning code
R1
APN
50-00-01712-00-2
UPID
US73-0288262
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
-
Drakas Family Chiropractic & Massage Alternative Medicine Practice
-
Premier Health Psychology, LLC Physician Medical Clinic
-
Tabitha Samantha Esthetics Spa & Massage Center Skin Care Clinic
-
Musselman Financial Solutions Financial Advisor
-
Laura Simonelli Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$616k
Blend (final)
Blend
$525k
Owner & transaction history
Kenneth F Drakas · 12 yrs held
Kenneth F Drakas
since 2013
5 recorded transactions
Zoning & alternative use
R1 · 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
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
OFFICE BUILDING
$710,000
Current use
MEDICAL BUILDING
$685,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$121 / 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
$10,235
Tax year 2023
Assessed value
$250,460
Assessed 2024
Previous assessed
$250,460
+0.0% YoY
Effective rate
4.09%
On assessed value
Total market value
$250,460
Applied tax rate
50.0000
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
1975
Heating
NONE
Cooling
NONE
Stories
1
Rooms
9
Bathrooms
1
Total area
4,340 SF
Lot
1.05 ac (45,777 SF)
Zoning code
R1
APN
50-00-01712-00-2
UPID
US73-0288262
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R1 · Harleysville, PA
Zoning R1 · permitted uses
R1 · 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
$710,000
MEDICAL BUILDING
Est. value
$685,000
OFFICE BUILDING Current
MEDICAL BUILDING
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
1975
Heating
NONE
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Kenneth F Drakas
Individual
Free & Clear · 12 yrs held
Mailing address
173 MAIN ST, HARLEYSVILLE, PA 19438-2514
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2013
$460,000
Kenneth F Drakas
Reed Equity Partners LP
Grant Deed
—
May 31, 2006
—
Reed Equity Partners
Pmk Ptshp
Grant Deed
—
May 11, 2000
$215,000
Pmk Partnership
Reed Associates INC
Grant Deed
$150,000 · First Union National Bank
Aug 15, 1997
—
Reed Associates INC
—
Deed Of Trust
related
$1,500,000 · Meridian National Bank
—
—
Kenneth F Drakes
—
Deed Of Trust
related
$300,000 · Harleysville Savings 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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