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Property profile & analytics
FOR LEASE
Outlet malls
1856 N Broad St Lansdale, PA 19446
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US73-1321163
For Lease
1 / 3
$4,190,000
1856 N Broad St, Lansdale, PA 19446
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2004
Total area
14,859 SF
Lot
1.76 ac (76,570 SF)
Zoning code
C
APN
35-00-00961-00-3
UPID
US73-1321163
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
-
Cheryl L. Ziegenfus, RPH Pharmacy
-
Rite Aid Pharmacy
-
Rite Aid Pharmacy Pharmacy
-
higi Physician
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.19M
Owner & transaction history
1856 Broad St. Assocs · 22 yrs held
1856 Broad St. Assocs
since 2003
7 recorded transactions
Zoning & alternative use
C · Lansdale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+9.8%
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 Lansdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansdale 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
RETAIL STORES
$4,000,000
Current use
AUTO REPAIR, GARAGE
$4,390,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$4.19M
Range $3.77M – $4.61M · ±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
$282 / 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
$96,121
Tax year 2023
Assessed value
$2,400,900
Assessed 2024
Previous assessed
$2,400,900
+0.0% YoY
Effective rate
4.00%
On assessed value
Total market value
$2,400,900
Applied tax rate
35.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Total area
14,859 SF
Lot
1.76 ac (76,570 SF)
Zoning code
C
APN
35-00-00961-00-3
UPID
US73-1321163
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C · Lansdale, PA
Zoning C · permitted uses
C · Lansdale, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lansdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
Lot
1.76 ac
Current owner
From public records · entity-resolved
1856 Broad St. Assocs
Individual
Mailing address
PO BOX 3165, HARRISBURG, PA 17105-3165
Ownership since
2003
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
Sep 24, 2021
—
1856 Broad Street Associates LP
—
Deed
related
$295,000 · American Bank
Nov 4, 2020
—
1856 Broad Street Associates L
—
Deed
related
$2,600,000 · American Bk
Apr 11, 2017
—
1856 Broad Street Associates LP
—
Deed
related
$280,000 · Habib American Bank
Oct 27, 2016
—
1856 Broad Street Associates LP
—
Deed
related
$1,000,000 · American Bank
Nov 6, 2008
—
1856 Broad Street Assocs INC
—
Trustees Deed
related
$225,000 · American Bank
Sep 17, 2003
—
1856 Broad St. Assocs
1856 Broad St Asso INC
Quit Claim Deed
related
$3,000,000 · American Bank
Jun 26, 2002
—
1856 Broad Street Assoc LP
Exxon Mobil Corp
Grant Deed
$400,000 · Virginia S Grubb
—
—
1856 Broad Street Assocs
—
Deed Of Trust
related
$19,713 · American Bank
—
—
1856 Broad Street Assocs
—
Deed Of Trust
related
$19,118 · American Bank
—
—
1856 Broad Street Associates L
—
Deed Of Trust
related
$2,600,000 · American Bk
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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