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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18 Lancaster Ave, Unit 2 Wynnewood, PA 19096-3440

    • Office Properties & Spaces
    • 133,903 SF
    • 0.82 lot acres
    OFF-MARKET
    Last Sale
    Apr 23, 2025
    Value Estimations
    $24,205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4342306
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cross Properties / Property Management Company
    • The Palmer Apartments / Apartment Building / Apartment Rental Agency
    • The Palmer Apartment / Apartment Building
    • Beach Reads All Year / Book Store

    Property Details for 18 Lancaster Ave

    Year built
    1900
    Lot size
    0.82 lot acres
    Property size
    133,903 SF
    Zone code
    R3
    Property type
    Office Properties & Spaces
    APN
    40-00-30288-01-8
    APU
    400030288018

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $27,128,000
      Market price range: $12.6M - $33.7M
      AI Estimate
      $21,277,000
      Market price range: $6.21M - $28.3M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $21,910,000
      Current use
      AUTO REPAIR, GARAGE
      $39,580,000
      Change: +81% Conversion: Difficult
      RETAIL STORES
      $36,055,000
      Change: +65% Conversion: Moderate
      MEDICAL BUILDING
      $21,105,000
      Change: -4% Conversion: Easy
      RESTAURANT
      $18,795,000
      Change: -14% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $18,610,000
      Change: -15% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wynnewood
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.2559
    Latitude
    39.9887
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $469,133
    $0.00
    $0.00
    $11,233,280
    -
    $0.00
    $0.00
    $11,233,280

    Comparable in this City

    • Value Estimation by Request
      0.88 Acres

      333 Lancaster Ave Unit

      Office Properties & Spaces • 0.88 Acres
      333 Lancaster Ave Unit, Wynnewood, PA 19096
      View Details
    • Value Estimation
      $2,865,000
      14,880 SF

      6 Lancaster Ave, Unit 1

      CONDOMINIUM OFFICES • 14,880 SF
      6 Lancaster Ave, Wynnewood, PA 19096-3430
      View Details
    • Value Estimation
      $5,215,000
      47,820 SF

      30 Lancaster Ave, Unit 3

      CONDOMINIUM OFFICES • 47,820 SF
      30 Lancaster Ave, Wynnewood, PA 19096-3472
      View Details
    • Value Estimation
      $1,380,000
      7,968 SF

      260 Haverford Rd

      OFFICE BUILDING • 7,968 SF
      260 Haverford Rd, Wynnewood, PA 19096
      View Details
    • Value Estimation
      $2,705,000
      18,750 SF

      259 Lancaster Ave

      OFFICE BUILDING • 18,750 SF
      259 Lancaster Ave, Wynnewood, PA 19096-1915
      View Details
    • Value Estimation by Request
      2,682 SF

      1455 City Ave

      MEDICAL BUILDING • 2,682 SF
      1455 City Ave, Wynnewood, PA 19096-3820
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.88 Acres

      Wynnewood Office Suite - Lancaster Ave

      Prime Wynnewood office space, ideal location.
      333 Lancaster Ave Unit, Wynnewood, PA 19096
      View Details
    • $215,000
      1,222 SF

      Green Hill Condo with Views

      Bright, updated condo in Green Hill with abundant amenities.
      1001 City Ave, Wynnewood, PA 19096
      View Details
    • $1,700,000
      6,500 SF

      Wynnewood Retail Center Investment

      Profitable multi-tenant storefront in Wynnewood, PA.
      1410 Manoa Rd, Wynnewood, PA 19096
      View Details
    • $569,900
      0.07 Acres

      1438 Manoa Rd, Wynnewood, PA 19096

      Retail properties • 0.07 Acres
      1438 Manoa Rd, Wynnewood, PA 19096
      View Details
    • $265,000
      1,222 SF

      Bright Condo with Treetop Views

      Condo with 2 bedrooms, 2 baths, and community amenities.
      1001 City Ave, Wynnewood, PA 19096
      View Details

    Similar Nearby for Lease

    • $216 SF/Yr
      1,200 SF

      Ardmore Office Space: Lancaster Ave

      Prime Ardmore office, 1200 sq ft, great location.
      333 Lancaster Ave, Ardmore, PA 19096
      View Details
    • $2,000 /Mo
      10,890 SF

      Wynnewood Office Suite for Lease

      First-floor office suite in Wynnewood, PA, near amenities and transportation.
      30 Hampstead Cir, Wynnewood, PA 19096
      View Details
    • $21,600
      38,333 SF

      Wynnewood Office Space for Lease

      Second-floor office space in Wynnewood shopping center available for lease.
      333 E Lancaster Ave Unit, Wynnewood, PA 19096
      View Details
    • Contact for pricing
      1,219 SF

      Wynnewood Office Space Available

      Office space available for rent in Wynnewood, Pennsylvania.
      100 E Lancaster Ave, Wynnewood, PA 19096
      View Details
    • Contact for pricing
      3,978 SF

      Retail Space in Wynnewood Center

      Retail space available in a prime shopping and dining destination.
      50 E Wynnewood Rd, Wynnewood, PA 19096
      View Details
    • $34,800
      2,178 SF

      Wynnewood Retail Space Available

      Former fitness salon with parking in Wynnewood, Pennsylvania.
      1418 Manoa Rd, Wynnewood, PA 19096
      View Details
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    18 Lancaster Ave, Unit 2
    Wynnewood, PA 19096-3440
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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