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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Warehouses
190 Pennsylvania Ave Malvern, PA 19355-2418
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US73-0401362
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
7,800 SF
Lot
2 ac (87,120 SF)
Zoning code
L1
APN
0203 00091100
UPID
US73-0401362
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$840k
Owner & transaction history
Jayne J Aras · 25 yrs held
Jayne J Aras
since 2000
7 recorded transactions
Zoning & alternative use
L1 · Malvern, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+34.0%
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 Malvern submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malvern 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
WAREHOUSE, STORAGE
$1,045,000
Current use
OFFICE BUILDING
$1,395,000
Change: +34% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$990,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$840k
Range $756k – $924k · ±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 2024Property tax & assessments
Tax year 2024
Tax billed
$14,056
Tax year 2024
Assessed value
$427,490
Assessed 2024
Previous assessed
$427,490
+0.0% YoY
Effective rate
3.29%
On assessed value
Assessed land
$192,360
Assessed improvement
$235,130
Land market value
$192,360
Improvement market value
$241,920
Total market value
$434,280
Applied tax rate
2.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Heating
YES
Cooling
NONE
Total area
7,800 SF
Lot
2 ac (87,120 SF)
Zoning code
L1
APN
0203 00091100
UPID
US73-0401362
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
L1 · Malvern, PAZoning L1 · permitted uses
L1 · Malvern, 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
WAREHOUSE, STORAGE Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$990,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1974
Heating
YES
Cooling
Yes
Lot
2 ac
Current owner
From public records · entity-resolved
Jayne J Aras
Individual
Mailing address
917 NEWTOWN RD, DEVON, PA 19333-1836
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2021
—
Aret A Aras
—
Deed
related
$625,000 · Wilmington Savings Fund Society Fsb
Aug 3, 2000
$325,000
Jayne J Aras
184 Pennsylvania Ave Associate
Grant Deed
$227,500 · First Cornerstone Bank
Mar 17, 1999
$420,000
184 Pennsylvania Ave Assoc
Zeks Air Drier Corp
Grant Deed
—
May 5, 1997
$2,725
Mcpo Associates
Smith,margaret M
Grant Deed
related
—
—
—
Aret A Aras
—
Deed Of Trust
related
$400,000 · Alliance Bank
—
—
Aret A Aras
—
Deed Of Trust
related
$164,310 · First Cornerstone Bank
—
—
Jayne J Arna
—
Deed Of Trust
related
$100,000 · Alliance Bank
—
—
Aret A Aras
—
Deed Of Trust
related
$150,000 · First Cornerstone Bank
—
—
Aret A Aras
—
Deed Of Trust
related
$200,000 · First Cornerstone Bank
—
—
Jayne J Aras
—
Deed Of Trust
related
$45,000 · First Cornerstone Bank
—
—
Jayne J Aras
—
Deed Of Trust
related
$100,000 · First Cornerstone Bank
—
—
Aret A Aras
—
Deed Of Trust
related
$227,500 · First Cornerstone 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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