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Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Office buildings
21 Bala Ave Bala Cynwyd, PA 19004-3203
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1740420
Property summary
AI-generated overview
This exceptional two-story, 5,200 square foot Class B office building at 21 Bala Avenue in Bala Cynwyd, PA, presents a fantastic leasing opportunity. Built in 1980 and extensively renovated in 2023, the property offers a blend of classic charm and modern functionality. The building comprises three suites, with one suite currently vacant, offering 750 square feet of immediately available space. The maximum contiguous space available is also 750 square feet. The building is zoned for commercial use and boasts ample parking with 50 spaces available for tenants and visitors. While there are no elevators, the two-story building provides easy accessibility. The location is highly convenient, situated near the intersection of Bala Avenue and Union Street in the 19004 zip code. This traditional office space is perfect for a small business or individual professional seeking a well-maintained and updated workspace in a desirable Bala Cynwyd location. The property's recent renovation ensures modern amenities and a comfortable working environment. Interested parties should inquire about lease terms and availability.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1956
Total area
13,880 SF
Lot
0.69 ac (30,055 SF)
Zoning code
C2
APN
40-00-03552-00-8
UPID
US73-1740420
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
-
V Trainers Personal Training Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$2.15M
Owner & transaction history
Bala Lofts Associates LLC · 1 yrs held
Bala Lofts Associates LLC
since 2025
Last sale
$2.3M
1 recorded transaction
Zoning & alternative use
C2 · Bala Cynwyd, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Bala Cynwyd submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bala Cynwyd 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
OFFICE BUILDING
$2,220,000
Current use
MEDICAL BUILDING
$2,190,000
Change: -1% · Conversion: Easy
RESTAURANT
$1,950,000
Change: -12% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,930,000
Change: -13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,810,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±10% · vs last sale $2.25M (Oct 27 2024)
Last sale anchor
$2.25M
Oct 27 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
$155 / 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
$50,854
Tax year 2023
Assessed value
$1,217,690
Assessed 2024
Previous assessed
$1,217,690
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$475,660
Assessed improvement
$742,030
Land market value
$475,660
Improvement market value
$742,030
Total market value
$1,217,690
Applied tax rate
40.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1956
Heating
FORCED AIR
Cooling
CENTRAL
Total area
13,880 SF
Lot
0.69 ac (30,055 SF)
Zoning code
C2
APN
40-00-03552-00-8
UPID
US73-1740420
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Bala Cynwyd, PAZoning C2 · permitted uses
C2 · Bala Cynwyd, 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
OFFICE BUILDING Current
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.2M
RESTAURANT
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
OFFICE BUILDING Current
MEDICAL 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
1956
Heating
FORCED AIR
Cooling
Yes
Lot
0.69 ac
Current owner
From public records · entity-resolved
Bala Lofts Associates LLC
Entity
Mailing address
19 BALA AVE, BALA CYNWYD, PA 19004-3202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
$2,250,000
Bala Lofts Associates LLC
19 21 Bala Associates
Deed
$1,400,000 · Mid Penn 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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