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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Office Spaces
184 Main St 2 Trappe, PA 19426-2049
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-1395702
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1994
Total area
2,318 SF
Lot
0.05 ac (2,318 SF)
Zoning code
CC
APN
23-00-00673-02-4
UPID
US73-1395702
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.75M
Owner & transaction history
Mdm Land Company Of Pa LLC · 2 yrs held
Mdm Land Company Of Pa LLC
since 2024
Last sale
$1.8M
3 recorded transactions
Zoning & alternative use
CC · Trappe, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CC Community Commercial District. § 340-60 Intent. § 340-61 Use regulations. § 340-62 Special procedural requirements. § 340-63 Special design requirements. § 340-64 Development requirements. § 340-65 Dimensional regulations.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
15.86 ac
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 Trappe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Trappe 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
$1,750,000
ML approach
$1,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±10% · vs last sale $1.75M (May 1 2024)
Last sale anchor
$1.75M
May 1 2024
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
$755 / 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
$8,069
Tax year 2023
Assessed value
$192,010
Assessed 2024
Previous assessed
$192,010
+0.0% YoY
Effective rate
4.20%
On assessed value
Assessed land
$46,250
Assessed improvement
$145,760
Land market value
$46,250
Improvement market value
$145,760
Total market value
$192,010
Applied tax rate
23.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1994
Heating
HEAT PUMP
Cooling
CENTRAL
Total area
2,318 SF
Lot
0.05 ac (2,318 SF)
Zoning code
CC
APN
23-00-00673-02-4
UPID
US73-1395702
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CC · Trappe, PAZoning CC · permitted uses
CC · Trappe, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CC Community Commercial District. § 340-60 Intent. § 340-61 Use regulations. § 340-62 Special procedural requirements. § 340-63 Special design requirements. § 340-64 Development requirements. § 340-65 Dimensional regulations.
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
15.86 ac
Building & site characteristics
From public records
Year built
1994
Heating
HEAT PUMP
Cooling
Yes
Lot
0.05 ac
Current owner
From public records · entity-resolved
Mdm Land Company Of Pa LLC
Entity
Mailing address
1800 WW LOOP S STE #2000, HOUSTON, TX 77027-3211
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2024
$1,750,000
Mdm Land Company Of Pa LLC
Ds Additions LLC
Warranty Deed
$1,360,000 · Primis Bank
May 1, 2024
—
Ds Additions LLC
David P Digiallorenzo
Warranty Deed
—
Nov 2, 1998
$260,000
David P Digiallorenzo
Mcsurdy,david W
Grant Deed
$221,000 · Keystone National 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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