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Property profile & analytics
FOR LEASE
Office buildings
220 Commerce Dr Fort Washington, PA 19034
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-5526785
For Lease
$6,195,000
220 Commerce Dr, Fort Washington, PA 19034
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
45,708 SF
Lot
4.32 ac (188,179 SF)
Zoning code
LIM
APN
54-00-04396-00-5
UPID
US73-5526785
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
-
Compass Group Eurest Dining Restaurant
-
Debra B. Resnick, PsyD Counselor Psychologist
-
Psychological Services-Human: Saddler Elbert M PHD Physician Medical Clinic
-
Link Logistics Real Estate Agency
-
Nyman Associates Inc Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.94M
Blend (final)
Blend
$6.20M
Owner & transaction history
Brookwood Philadelphia I LLC · 10 yrs held
Brookwood Philadelphia I LLC
since 2015
6 recorded transactions
Zoning & alternative use
LIM · Fort Washington, 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 Fort Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Washington 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
OFFICE BUILDING
$7,480,000
Current use
MEDICAL BUILDING
$7,205,000
Change: -4% · Conversion: Easy
RESTAURANT
$6,415,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,355,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$6.20M
Range $5.58M – $6.81M · ±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
$136 / 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
$140,228
Tax year 2023
Assessed value
$2,875,500
Assessed 2024
Previous assessed
$3,380,000
-14.9% YoY
Effective rate
4.88%
On assessed value
Total market value
$2,875,500
Applied tax rate
54.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
45,708 SF
Lot
4.32 ac (188,179 SF)
Zoning code
LIM
APN
54-00-04396-00-5
UPID
US73-5526785
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LIM · Fort Washington, PAZoning LIM · permitted uses
LIM · Fort Washington, 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
OFFICE BUILDING Current
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$7.2M
RESTAURANT
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.32 ac
Current owner
From public records · entity-resolved
Brookwood Philadelphia I LLC
Entity
Mailing address
138 CONANT ST, BEVERLY, MA 01915-1672
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2019
—
Brookwood Philadelphia I LLC
—
Grant Deed
related
$408,500,000 · Jp Morgan Chase Bk
Aug 17, 2015
$5,250,000
Brookwood Philadelphia I LLC
G&i Vi 220 Commerce Fe LLC
Deed
—
Dec 24, 2007
$5,286,250
G & I Vi 220 Commerce Fe LLC
Brandywine Operating Ptshp
Grant Deed
$53,917,000 · John Hancock Life Insurance Co
Dec 24, 2007
—
G & I Vi 220 Commerce Fe LLC
Brandywine Operating Ptshp
Quit Claim Deed
—
Jan 14, 2004
—
Penna Dept Trans
Brandywine Operati Part
Grant Deed
related
—
Dec 3, 1997
$5,300,000
Brandywine Operating Partnersh
Commerce Drive Associates
Grant Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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