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Property profile & analytics
OFF-MARKET
Estimated value
$18,365,000
Garden apartment buildings
200 Line St Lansdale, PA 19446-8510
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-1168866
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1920
Total area
145,046 SF
Lot
3.09 ac (134,600 SF)
Zoning code
I
APN
11-00-09260-00-8
UPID
US73-1168866
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
-
Silk Factory Lofts Apartment Complex
-
Brannon Chiropractic Alternative Medicine Practice
-
Professional Water Service Water Testing Service Air Filter Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.62M
Blend (final)
Blend
$18.37M
Owner & transaction history
Ftp Silk Factory Lofts LP · 8 yrs held
Ftp Silk Factory Lofts LP
since 2018
7 recorded transactions
Zoning & alternative use
I · Lansdale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
I. In areas designated within the Special Regulations Business Center Revitalization Overlay District, to encourage redevelopment and revitalization of existing buildings and properties and the development of new buildings for mixed uses, including commercial, office, retail and service uses previously used or developed as business centers. [Added 7-20-2005…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
373.15 ac
Source
Zoning Code 2018 PDF
Top alternative use upside
Office building
$23.7M
+17.7%
Medical building
$22.9M
+13.4%
Restaurant
$20.4M
+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 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
APARTMENT HOUSE (5+ UNITS)
$20,160,000
Current use
OFFICE BUILDING
$23,730,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$22,860,000
Change: +13% · Conversion: Moderate
RESTAURANT
$20,360,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$18,905,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$16,220,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$18.37M
Range $16.53M – $20.20M · ±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
$127 / 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
$321,058
Tax year 2023
Assessed value
$7,632,500
Assessed 2024
Previous assessed
$9,125,110
-16.4% YoY
Effective rate
4.21%
On assessed value
Total market value
$7,632,500
Applied tax rate
11.0000
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
1920
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
115
Total area
145,046 SF
Lot
3.09 ac (134,600 SF)
Zoning code
I
APN
11-00-09260-00-8
UPID
US73-1168866
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I · Lansdale, PAZoning I · permitted uses
I · Lansdale, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
I. In areas designated within the Special Regulations Business Center Revitalization Overlay District, to encourage redevelopment and revitalization of existing buildings and properties and the development of new buildings for mixed uses, including commercial, office, retail and service uses previously used or developed as business centers. [Added 7-20-2005 by Ord. No. 1732 ]
Zone name
Industrial
General category
INDUSTRIAL
Zone area
373.15 ac
Source
Zoning Code 2018 PDF
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$20.2M
OFFICE BUILDING
Est. value
$23.7M
MEDICAL BUILDING
Est. value
$22.9M
RESTAURANT
Est. value
$20.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.9M
INDUSTRIAL (GENERAL)
Est. value
$16.2M
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
1920
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
115
Lot
3.09 ac
Current owner
From public records · entity-resolved
Ftp Silk Factory Lofts LP
Entity
Mailing address
43 GENERAL WARREN BLVD, MALVERN, PA 19355-1245
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2018
$20,400,000
Ftp Silk Factory Lofts LP
Fa-lei Silk Factory Assocs LLC
Grant Deed
$15,000,000 · Berkadia Com'l Mtg
Apr 2, 2015
$17,200,000
Fa Lei Silk Factory Associates LLC
Sf Loft Owner LLC
Special Warranty Deed
$12,329,000 · Berkadia Commercial Mortgage LLC
Jun 20, 2013
—
Sf Loft Owner LLC
—
Deed Of Trust
related
$9,150,000 · Prudential Insurance Co Americ
Nov 30, 2012
$3,824
Sf Loft Owner LLC
Sheriff Of Montgomery County
Trustees Deed
—
May 5, 2008
—
Lansdale Holding Group LLC
Lansdale Holding Group Assoc
Quit Claim Deed
related
—
Dec 14, 2004
$1,500,000
Lansdale Holding Group Assocs
M & M Realty Partners
Grant Deed
$1,583,285 · Wilmington Savings Fund Societ
Jun 11, 2001
$800,000
Realty Partners LP
Ned Santerian Estate
Grant Deed
—
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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