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Property profile & analytics
FOR LEASE
Office Spaces
2100 Pennbrook Pkwy North Wales, PA 19454
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US73-1445846
For Lease
1 / 2
$23,015,000
2100 Pennbrook Pkwy, North Wales, PA 19454
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2007
Total area
139,081 SF
Lot
15.2 ac (662,112 SF)
Zoning code
LI
APN
56-00-01303-04-5
UPID
US73-1445846
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
-
ICON Clinical Research Research Institute
-
ICON Clinical Research Inc Health
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.39M
Blend (final)
Blend
$23.02M
Owner & transaction history
Pennbrook Dev Partners 2100 LP · 13 yrs held
Pennbrook Dev Partners 2100 LP
since 2012
5 recorded transactions
Zoning & alternative use
LI · North Wales, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$37.5M
+64.6%
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 North Wales submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Wales 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
$22,755,000
Current use
RETAIL STORES
$37,450,000
Change: +65% · Conversion: Moderate
MEDICAL BUILDING
$21,920,000
Change: -4% · Conversion: Easy
RESTAURANT
$19,520,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$19,330,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$23.02M
Range $20.71M – $25.32M · ±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
$165 / 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
$465,279
Tax year 2023
Assessed value
$12,681,860
Assessed 2024
Previous assessed
$12,681,860
+0.0% YoY
Effective rate
3.67%
On assessed value
Total market value
$12,681,860
Applied tax rate
56.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Total area
139,081 SF
Lot
15.2 ac (662,112 SF)
Zoning code
LI
APN
56-00-01303-04-5
UPID
US73-1445846
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LI · North Wales, PA
Zoning LI · permitted uses
LI · North Wales, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Wales. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$22.8M
RETAIL STORES
Est. value
$37.5M
MEDICAL BUILDING
Est. value
$21.9M
RESTAURANT
Est. value
$19.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.3M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2007
Heating
FORCED AIR
Cooling
Yes
Lot
15.2 ac
Current owner
From public records · entity-resolved
Pennbrook Dev Partners 2100 LP
Entity
Mailing address
311 N SUMNEYTOWN PIKE STE 1A, NORTH WALES, PA 19454-2532
Ownership since
2012
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
Dec 12, 2012
—
Pennbrook Dev Partners 2100 LP
Pennbrook Dev Partners 2100 LP
Quit Claim Deed
related
$13,087,620 · Provident Life & Accident Ins
Feb 27, 2008
—
Pennbrook Dev Partners 2100
Pennbrook Dev Partners 2100
Quit Claim Deed
$9,300,000 · Provident Life & Accident Ins
May 8, 2007
—
Pennbrook Dev Partners 2100
Pennbrook Dev Partners
Quit Claim Deed
$8,600,000 · Patriarch Holdings LLC
Mar 28, 2006
—
Pennbrook Dev Partners
1180 Church Road INC
Grant Deed
—
—
—
Pennbrook Dev Partners 2100 LP
—
Loan Modification
related
$19,500,000 · Provident Life & Accident Ins
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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