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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Medical Office Space
2032 Broad St Lansdale, PA 19446-1051
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-1648739
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Total area
5,040 SF
Lot
0.7 ac (30,600 SF)
Zoning code
C
APN
35-00-00991-00-9
UPID
US73-1648739
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
-
Dr. Evan Cichelli Physician
-
Mark Posner Physician Medical Clinic
-
Dr. Harsh Amin Physician
-
Dr. Lonnie Kaplan Physician
-
V Silverman Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$725k
Blend (final)
Blend
$555k
Owner & transaction history
2032 North Associates LLC · 7 yrs held
2032 North Associates LLC
since 2019
5 recorded transactions
Zoning & alternative use
C · Lansdale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Class C Residential Residential Apartment Professional Office A Professional Office B Limited Professional Office (LPO) Commercial Business Business (B-2) Business Park Overlay Industrial Floodplain Conservation Transit-Oriented Design Overlay Professional Office and Specialty Restaurant Conservation Overlay Retirement Village Overlay Downtown Business Overl…
Zone name
Commercial
General category
COMMERCIAL
Zone area
48.86 ac
Source
Zoning Code 2018 PDF
Top alternative use upside
Office building
$825,000
+3.8%
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
MEDICAL BUILDING
$795,000
Current use
OFFICE BUILDING
$825,000
Change: +4% · Conversion: Easy
RESTAURANT
$705,000
Change: -11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$700,000
Change: -12% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$655,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$110 / 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
$13,722
Tax year 2023
Assessed value
$342,750
Assessed 2024
Previous assessed
$342,750
+0.0% YoY
Effective rate
4.00%
On assessed value
Total market value
$342,750
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1980
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Total area
5,040 SF
Lot
0.7 ac (30,600 SF)
Zoning code
C
APN
35-00-00991-00-9
UPID
US73-1648739
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C · Lansdale, PAZoning C · permitted uses
C · Lansdale, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Class C Residential Residential Apartment Professional Office A Professional Office B Limited Professional Office (LPO) Commercial Business Business (B-2) Business Park Overlay Industrial Floodplain Conservation Transit-Oriented Design Overlay Professional Office and Specialty Restaurant Conservation Overlay Retirement Village Overlay Downtown Business Overlay Mixed-Use Overlay Business Center Revitalization Overlay Historic Rehabilitation Overlay
Zone name
Commercial
General category
COMMERCIAL
Zone area
48.86 ac
Source
Zoning Code 2018 PDF
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$795,000
OFFICE BUILDING
Est. value
$825,000
RESTAURANT
Est. value
$705,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$700,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$655,000
MEDICAL BUILDING Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
2032 North Associates LLC
Entity
Mailing address
2032 N BROAD ST STE #2, LANSDALE, PA 19446-1051
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2019
$625,000
2032 North Associates LLC
Weinstein,mark S
Grant Deed
$50,000 · Doctor Centric Bank-bucks Cnty
Feb 26, 2019
—
2032 North Associates LLC
—
Deed
related
$573,950 · Centric Bk NA
—
—
2032 North Associates LLC
—
Deed Of Trust
related
$573,950 · Centric Bk NA
—
—
Mark S Weinstein
—
Deed Of Trust
related
$550,000 · Pnc Bank
—
—
Jeffrey Wachtel
—
Deed Of Trust
related
$450,000 · Wachovia Bank 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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