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Property profile & analytics
OFF-MARKET
Estimated value
$34,310,000
Garden apartment buildings
2100 Line St Lansdale, PA 19446-1000
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US73-0014961
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1969
Total area
334,450 SF
Lot
18.86 ac (821,542 SF)
Zoning code
GA
APN
35-00-05947-00-3
UPID
US73-0014961
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
-
Valley Stream Apartments Apartment Building Apartment Complex
-
EPRNational Employment Agency
-
Building Q Apartment Building
-
Nova Coaching Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$47.86M
Blend (final)
Blend
$34.31M
Owner & transaction history
Wenia Associates · 22 yrs held
Wenia Associates
since 2004
6 recorded transactions
Zoning & alternative use
GA · Lansdale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$54.7M
+17.7%
Medical building
$52.7M
+13.4%
Restaurant
$46.9M
+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)
$46,485,000
Current use
OFFICE BUILDING
$54,725,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$52,715,000
Change: +13% · Conversion: Moderate
RESTAURANT
$46,945,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$43,590,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$37,400,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$34.31M
Range $30.88M – $37.74M · ±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
$103 / 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
$570,905
Tax year 2023
Assessed value
$14,260,000
Assessed 2024
Previous assessed
$14,260,000
+0.0% YoY
Effective rate
4.00%
On assessed value
Total market value
$14,260,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1969
Heating
FORCED AIR
Cooling
NONE
Stories
3
Units
22
Total area
334,450 SF
Lot
18.86 ac (821,542 SF)
Zoning code
GA
APN
35-00-05947-00-3
UPID
US73-0014961
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
GA · Lansdale, PAZoning GA · permitted uses
GA · Lansdale, 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$46.5M
OFFICE BUILDING
Est. value
$54.7M
MEDICAL BUILDING
Est. value
$52.7M
RESTAURANT
Est. value
$46.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$43.6M
INDUSTRIAL (GENERAL)
Est. value
$37.4M
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
1969
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
22
Lot
18.86 ac
Current owner
From public records · entity-resolved
Wenia Associates
Entity
Mailing address
550 AMERICAN AVE STE #1, KING OF PRUSSIA, PA 19406-1441
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2004
$17,783,966
Wenia Associates
Willow Realty INC
Grant Deed
—
Oct 20, 1998
—
Valley Stream Apartments
—
Deed Of Trust
related
$11,000,000 · John Hancock Mutual Life Ins
—
—
Willow Realty INC
—
Deed Of Trust
related
—
—
—
Wenia Associates LP
—
Deed Of Trust
related
$17,200,000 · Capital One Multifamily Fin
—
—
Willow Realty INC
—
Deed Of Trust
related
$220,000 · Harleysville Nat'l Bank & Trus
—
—
Wenia Associates
—
Deed Of Trust
related
$12,500,000 · Minnesota Life Insurance Co
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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