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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Apartment buildings
212 Mt Vernon St Lansdale, PA 19446-2862
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US73-0328195
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Total area
13,824 SF
Lot
0.53 ac (23,250 SF)
Zoning code
RC
APN
11-00-11424-00-4
UPID
US73-0328195
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
-
Heritage House Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$1.49M
Owner & transaction history
Heritage House Associates LP · 26 yrs held
Heritage House Associates LP
since 1999
3 recorded transactions
Zoning & alternative use
RC · Lansdale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the intent of this zone to provide well-designed residential land uses and uses accessory to the same to maintain and enhance the residential environment of neighborhoods, promoting uniformity of sizes and densities. The development includes single and two family dwellings along with mobile home parks
Zone name
Residential C
General category
RESIDENTIAL
Zone area
234.34 ac
Source
Realmo
Top alternative use upside
Office building
$2.3M
+17.7%
Medical building
$2.2M
+13.4%
Restaurant
$1.9M
+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)
$1,920,000
Current use
OFFICE BUILDING
$2,260,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$2,180,000
Change: +13% · Conversion: Moderate
RESTAURANT
$1,940,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,800,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,545,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±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
$108 / 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
$23,136
Tax year 2023
Assessed value
$550,000
Assessed 2024
Previous assessed
$550,000
+0.0% YoY
Effective rate
4.21%
On assessed value
Assessed land
$126,940
Assessed improvement
$423,060
Land market value
$126,940
Improvement market value
$423,060
Total market value
$550,000
Applied tax rate
11.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1965
Heating
HOT WATER
Cooling
WINDOW A/C
Stories
3
Units
17
Total area
13,824 SF
Lot
0.53 ac (23,250 SF)
Zoning code
RC
APN
11-00-11424-00-4
UPID
US73-0328195
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RC · Lansdale, PAZoning RC · permitted uses
RC · Lansdale, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the intent of this zone to provide well-designed residential land uses and uses accessory to the same to maintain and enhance the residential environment of neighborhoods, promoting uniformity of sizes and densities. The development includes single and two family dwellings along with mobile home parks
Zone name
Residential C
General category
RESIDENTIAL
Zone area
234.34 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
RESTAURANT
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
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
1965
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
17
Lot
0.53 ac
Current owner
From public records · entity-resolved
Heritage House Associates LP
Entity
Mailing address
865 EASTON RD STE #250, WARRINGTON, PA 18976-7803
Ownership since
1999
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
Oct 15, 1999
$725,000
Heritage House Associates LP
J & J Holding Corp
Grant Deed
$608,000 · Wilmington Trust Co Pa
—
—
Heritage House Associates LP
—
Deed Of Trust
related
$1,000,000 · Harleysville Bk
—
—
Signature Living At Douglassvi
—
Deed Of Trust
related
$3,700,000 · Greenwich Capital Fin'l Produc
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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