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Property profile & analytics
OFF-MARKET
Estimated value
$22,000,000
Auto shops
20 Lancaster Ave Devon, PA 19333-1305
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-0421213
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1945
Total area
64,676 SF
Lot
5.16 ac (224,857 SF)
Zoning code
C1
APN
4311F02380000
UPID
US73-0421213
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
-
BMW of Devon Service Center Auto Repair Shop
-
BMW of Devon Parts Store Auto Parts Store
-
BMW of Devon Car Dealership Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$22.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.22M
Blend (final)
Blend
$22.00M
Owner & transaction history
Spruce Devon LLC · 2 yrs held
Spruce Devon LLC
since 2024
Last sale
$22.0M
7 recorded transactions
Zoning & alternative use
C1 · Devon, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.8M
+6.8%
Restaurant
$14.0M
+1.3%
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 Devon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Devon 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
$22,000,000
ML approach
$22,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$13,820,000
Current use
COMMERCIAL (GENERAL)
$14,755,000
Change: +7% · Conversion: Moderate
RESTAURANT
$13,990,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$22.00M
Range $19.80M – $24.20M · ±10% · vs last sale $22.00M (Jul 12 2024)
Last sale anchor
$22.00M
Jul 12 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
$340 / 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
$300,135
Tax year 2024
Assessed value
$8,520,880
Assessed 2024
Previous assessed
$8,520,880
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$1,291,820
Assessed improvement
$7,229,060
Land market value
$1,291,820
Improvement market value
$7,272,810
Total market value
$8,564,630
Applied tax rate
43.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1945
Heating
HOT WATER
Cooling
CENTRAL
Total area
64,676 SF
Lot
5.16 ac (224,857 SF)
Zoning code
C1
APN
4311F02380000
UPID
US73-0421213
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Devon, PA
Zoning C1 · permitted uses
C1 · Devon, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Devon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$14.8M
RESTAURANT
Est. value
$14.0M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1945
Heating
HOT WATER
Cooling
Yes
Lot
5.16 ac
Current owner
From public records · entity-resolved
Spruce Devon LLC
Entity
Mailing address
129 N DAVIS RD, MALVERN, PA 19355-3427
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2024
$22,000,000
Spruce Devon LLC
Dhm Realty INC
Special Warranty Deed
$18,572,500 · Pnc Bank NA
Nov 28, 2023
—
Dhm Realty INC
—
Deed
related
$2,100,000 · 2ee LLC
Aug 9, 2023
—
Dhm Realty INC
—
Deed
related
$650,000 · Kenneth Rutt
May 9, 2023
—
Dhm Realty INC
—
Deed
related
$363,000 · Bluebird Lending LLC
Oct 15, 2020
—
Dhm Realty INC
—
Deed
related
$1,150,000 · Centric Bk NA
Sep 23, 2016
—
Dhm Realty INC
Dhm Realty INC
Intrafamily Transfer
related
—
Jun 24, 2014
—
Dhm Realty INC
—
Grant Deed
related
$9,760,000 · Wells Fargo Bk
Apr 2, 2007
—
Dhm Realty INC
Dhm Rlty INC
Quit Claim Deed
related
—
—
—
Dhm Realty INC
—
Deed Of Trust
related
$6,978,475 · Bmw Financial Services NA LLC
—
—
Dhm Realty INC
—
Deed Of Trust
related
$30,000,000 · Sovereign Bank
—
—
Dhm Realty INC
—
Deed Of Trust
related
$1,150,000 · Centric Bk NA
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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