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Property profile & analytics
OFF-MARKET
Estimated value
$3,645,000
Garden apartment buildings
219 York Ave Lansdale, PA 19446-3664
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-2208489
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1970
Total area
33,706 SF
Lot
1.24 ac (54,232 SF)
Zoning code
RC
APN
11-00-16056-00-7
UPID
US73-2208489
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
-
Lansdale Village Apartments Apartment Complex Apartment Building
-
Botany Decorating (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.81M
Blend (final)
Blend
$3.65M
Owner & transaction history
Lansdale Village Apartments LP · 11 yrs held
Lansdale Village Apartments LP
since 2015
4 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
$5.5M
+17.7%
Medical building
$5.3M
+13.4%
Restaurant
$4.7M
+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)
$4,685,000
Current use
OFFICE BUILDING
$5,515,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$5,315,000
Change: +13% · Conversion: Moderate
RESTAURANT
$4,730,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,395,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,770,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.65M
Range $3.28M – $4.01M · ±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
$60,341
Tax year 2023
Assessed value
$1,434,500
Assessed 2024
Previous assessed
$1,434,500
+0.0% YoY
Effective rate
4.21%
On assessed value
Assessed land
$185,800
Assessed improvement
$1,248,700
Land market value
$185,800
Improvement market value
$1,248,700
Total market value
$1,434,500
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
NONE
Stories
2
Units
13
Total area
33,706 SF
Lot
1.24 ac (54,232 SF)
Zoning code
RC
APN
11-00-16056-00-7
UPID
US73-2208489
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
$4.7M
OFFICE BUILDING
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.3M
RESTAURANT
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
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
1970
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
13
Lot
1.24 ac
Current owner
From public records · entity-resolved
Lansdale Village Apartments LP
Entity
Mailing address
550 AMERICAN AVE STE #1, KING OF PRUSSIA, PA 19406-1441
Ownership since
2015
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
Jul 29, 2015
$3,250,000
Lansdale Village Apartments LP
Gpx Lv Apartment Properties LP
Grant Deed
—
Nov 5, 2007
$3,175,000
Gpx Lv Apartment Properties
York Manor A
Grant Deed
$2,520,000 · Sovereign Bank
—
—
Lansdale Village Apartments LP
—
Deed Of Trust
related
$2,500,000 · Miscellaneous Ins Co
—
—
York Manor
—
Deed Of Trust
related
$1,400,000 · First Colony 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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