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Property profile & analytics
OFF-MARKET
Estimated value
$20,360,000
Garden apartment buildings
1971 Morris Rd, Blue Bell, PA 19422-1422
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US73-6009153
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2006
Total area
148,455 SF
Lot
17.55 ac (764,478 SF)
Zoning code
I
APN
66-00-04087-00-5
UPID
US73-6009153
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
$28.44M
Blend (final)
Blend
$20.36M
Owner & transaction history
Amberley At Blue Bell LP · 15 yrs held
Amberley At Blue Bell LP
since 2011
7 recorded transactions
Zoning & alternative use
I · Blue Bell, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$24.3M
+17.7%
Medical building
$23.4M
+13.4%
Restaurant
$20.8M
+1.0%
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 Blue Bell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blue Bell 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
APARTMENT HOUSE (5+ UNITS)
$20,635,000
Current use
OFFICE BUILDING
$24,290,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$23,400,000
Change: +13% · Conversion: Moderate
RESTAURANT
$20,835,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$19,350,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$16,600,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$20.36M
Range $18.32M – $22.40M · ±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
$137 / 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
$242,874
Tax year 2023
Assessed value
$7,693,680
Assessed 2024
Previous assessed
$7,693,680
+0.0% YoY
Effective rate
3.16%
On assessed value
Total market value
$7,693,680
Applied tax rate
66.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
16
Rooms
16
Bathrooms
4
Total area
148,455 SF
Lot
17.55 ac (764,478 SF)
Zoning code
I
APN
66-00-04087-00-5
UPID
US73-6009153
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I · Blue Bell, PA
Zoning I · permitted uses
I · Blue Bell, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blue Bell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$20.6M
OFFICE BUILDING
Est. value
$24.3M
MEDICAL BUILDING
Est. value
$23.4M
RESTAURANT
Est. value
$20.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.4M
INDUSTRIAL (GENERAL)
Est. value
$16.6M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
16
Rooms
16
Bathrooms
4
Lot
17.55 ac
Current owner
From public records · entity-resolved
Amberley At Blue Bell LP
Entity
Mailing address
1030 W GERMANTOWN PIKE, NORRISTOWN, PA 19403-3929
Ownership since
2011
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 4, 2018
—
Amberley At Blue Bell LP
—
Grant Deed
related
$15,190,000 · Capital One Multifamily Fin
Jan 31, 2011
—
Gmbc-2 LP
—
Deed Of Trust
related
$84,100,000 · Western National Life Ins Co
Jan 20, 2011
$3,600,000
Amberley At Blue Bell LP
1971 Morris Road LP
Deed Of Trust
$15,000,000 · Western National Life Ins Co
Aug 1, 2007
—
At Blue Bell Amberley
—
Deed Of Trust
related
$1,500,000 · Pnc Bank
Jan 12, 2005
—
At Blue Bell Amberley
—
Deed Of Trust
related
$13,100,000 · Pnc Bank
Jul 22, 2004
$4,500,000
Morris Rd 1971
Station Square Partlp
Grant Deed
related
—
Dec 28, 2001
$2,000,000
Station Square Partners LP
Keybis Corp
Grant Deed
related
—
—
—
Amberley At Blue Bell LP
—
Deed Of Trust
related
$15,844,000 · Capital One Multifamily Fin
—
—
Commonwealth Realtadvisors INC
—
Deed Of Trust
related
$8,000,000 · Willow Grove Bank
—
—
1971 Morris Road
—
Deed Of Trust
related
$3,200,000 · Pnc 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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