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Property profile & analytics
OFF-MARKET
Estimated value
$32,710,000
Outlet malls
2101 Blair Ml Rd Willow Grove, PA 19090-1751
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US73-2102397
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2008
Total area
209,417 SF
Lot
20.72 ac (902,563 SF)
Zoning code
C1
APN
59-00-01157-02-6
UPID
US73-2102397
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
-
Jackson Hewitt Tax Service Accounting Firm Tax Preparation
-
Philly Pretzel Factory Bakery Specialty Food Shop
-
Richard Berman Pharmacy
-
Brenda Fuh Pharmacy
-
ecoatm Electronics Vending Machine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.71M
Owner & transaction history
Bruce D Michaels Realty Pt L · 21 yrs held
Bruce D Michaels Realty Pt L
since 2004
3 recorded transactions
Zoning & alternative use
C1 · Willow Grove, 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 Willow Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willow Grove 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$156 / 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
$546,168
Tax year 2023
Assessed value
$11,490,500
Assessed 2024
Previous assessed
$12,395,150
-7.3% YoY
Effective rate
4.75%
On assessed value
Total market value
$11,490,500
Applied tax rate
59.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
CENTRAL
Total area
209,417 SF
Lot
20.72 ac (902,563 SF)
Zoning code
C1
APN
59-00-01157-02-6
UPID
US73-2102397
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Willow Grove, PA
Zoning C1 · permitted uses
C1 · Willow Grove, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Willow Grove. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Heating
FORCED AIR
Cooling
Yes
Lot
20.72 ac
Current owner
From public records · entity-resolved
Bruce D Michaels Realty Pt L
Entity
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
—
Bruce D Michaels Realty Partners LP
—
Deed
related
$12,000,000 · Protective Life Insurance Co
Dec 21, 2004
$11,200,000
Bruce D Michaels Realty Pt L
Kulicke & Soffa Industries INC
Deed Of Trust
related
$13,000,000 · Pnc Bank
Mar 24, 2004
—
Kulicke & Soffa Indu S INC
Good Mac Realty Pa
Grant Deed
related
—
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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