Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,955,000
Apartment buildings
214 Bolmar St Sta A West Chester, PA 19382-3492
Entity Owned
3-yr Hold
Property ID
US73-2034934
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Total area
16,000 SF
Lot
0.68 ac (29,674 SF)
Zoning code
ID
APN
0106 00870200
UPID
US73-2034934
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.67M
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$3.96M
Owner & transaction history
224 Pp LLC · 3 yrs held
224 Pp LLC
since 2022
Last sale
$4.5M
4 recorded transactions
Zoning & alternative use
ID · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
borhood Conservation District. § 112-307 NC-2 Neighborhood Conservation District. § 112-308 NC-3 Neighborhood Conservation District. § 112-309 TC Town Center District. § 112-310 CS Commercial Service District. § 112-311 ID Industrial District. § 112-312 IS Institutional District. § 112-313 MU Mixed-Use District. § 112-314 Planned University Campus District.…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
45.89 ac
Top alternative use upside
Auto repair, garage
$5.3M
+75.7%
Office building
$4.5M
+49.6%
Commercial (general)
$4.4M
+46.4%
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 West Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Chester 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%
$2,890,000
6.5%
$2,670,000
7%
$2,480,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,035,000
Current use
AUTO REPAIR, GARAGE
$5,335,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$4,545,000
Change: +50% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,445,000
Change: +46% · Conversion: Moderate
RESTAURANT
$4,345,000
Change: +43% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,855,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.96M
Range $3.56M – $4.35M · ±10% · vs last sale $4.50M (Aug 15 2022)
Last sale anchor
$4.50M
Aug 15 2022
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
$247 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$35,520
Tax year 2024
Assessed value
$1,012,610
Assessed 2024
Previous assessed
$1,012,610
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$142,440
Assessed improvement
$870,170
Land market value
$142,440
Improvement market value
$870,170
Total market value
$1,012,610
Applied tax rate
1.0000
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
FORCED AIR
Cooling
NONE
Buildings
25
Units
20
Total area
16,000 SF
Lot
0.68 ac (29,674 SF)
Zoning code
ID
APN
0106 00870200
UPID
US73-2034934
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
ID · West Chester, PAZoning ID · permitted uses
ID · West Chester, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
borhood Conservation District. § 112-307 NC-2 Neighborhood Conservation District. § 112-308 NC-3 Neighborhood Conservation District. § 112-309 TC Town Center District. § 112-310 CS Commercial Service District. § 112-311 ID Industrial District. § 112-312 IS Institutional District. § 112-313 MU Mixed-Use District. § 112-314 Planned University Campus District. Article IV Overlay Districts § 112-401 HO-60 Height Option Overlay District. § 112
Zone name
Industrial
General category
INDUSTRIAL
Zone area
45.89 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$5.3M
OFFICE BUILDING
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.4M
RESTAURANT
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
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
FORCED AIR
Cooling
Yes
Buildings
25
Units
20
Lot
0.68 ac
Current owner
From public records · entity-resolved
224 Pp LLC
Entity
Mailing address
908 OLD FERN HL RD, WEST CHESTER, PA 19380-4208
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2022
$4,500,000
224 Pp LLC
Edward A Cunius
Deed
$3,600,000 · Harleysville Bank
Aug 9, 2006
—
Edward A Cunius
Cunius,john W JR
Quit Claim Deed
related
—
—
—
Edward A Cunius
—
Deed Of Trust
related
$250,000 · First National Bank Chester
—
—
Edward A Cunius
—
Deed Of Trust
related
$450,000 · National 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.
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?”
You own 214 Bolmar St Sta, Unit A?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
