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Property profile & analytics
OFF-MARKET
Estimated value
$6,835,000
Apartment buildings
22 Greenbriar Rd Thorndale, PA 19372-1153
Individually Owned
28-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-1713725
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1999
Total area
43,176 SF
Lot
19.88 ac (865,973 SF)
Zoning code
C2
APN
3904 009109E0
UPID
US73-1713725
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
$7.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.84M
Owner & transaction history
Montgomery Townhome Dev First · 28 yrs held
Montgomery Townhome Dev First
since 1998
1 recorded transaction
Zoning & alternative use
C2 · Thorndale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.2M
+12.6%
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 Thorndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thorndale 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%
$7,805,000
6.5%
$7,205,000
7%
$6,690,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,195,000
Current use
AUTO REPAIR, GARAGE
$9,225,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$8,025,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$6.84M
Range $6.15M – $7.52M · ±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
$158 / 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
$692,581
Tax year 2024
Assessed value
$13,324,500
Assessed 2024
Previous assessed
$10,850,000
+22.8% YoY
Effective rate
5.20%
On assessed value
Assessed land
$228,800
Assessed improvement
$13,095,700
Land market value
$228,800
Improvement market value
$13,713,590
Total market value
$13,942,390
Applied tax rate
39.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1999
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
174
Units
21
Total area
43,176 SF
Lot
19.88 ac (865,973 SF)
Zoning code
C2
APN
3904 009109E0
UPID
US73-1713725
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Thorndale, PAZoning C2 · permitted uses
C2 · Thorndale, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$9.2M
OFFICE BUILDING
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1999
Heating
FORCED AIR
Cooling
Yes
Buildings
174
Units
21
Lot
19.88 ac
Current owner
From public records · entity-resolved
Montgomery Townhome Dev First
Individual
Free & Clear · 28 yrs held
Mailing address
222 HADDON AVE STE #100, HADDON TOWNSHIP, NJ 08108-2827
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 1998
$1,037,500
Montgomery Townhome Dev First
Bailey Road Assoc
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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