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Property profile & analytics
OFF-MARKET
Estimated value
$3,120,000
Garden apartment buildings
222 Norristown Rd Warminster, PA 18974-4002
Entity Owned
6-yr Hold
Property ID
US73-4434758
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2017
Total area
19,238 SF
Lot
3.05 ac (132,858 SF)
Zoning code
INST
APN
49-001-009
UPID
US73-4434758
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
-
222 Park Place Apartments Apartment Building Apartment Complex
-
Real Estate Inspections Home Inspector Stucco Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.12M
Owner & transaction history
Lennox Cornelia LLC · 6 yrs held
Lennox Cornelia LLC
since 2020
7 recorded transactions
Zoning & alternative use
INST · Warminster, 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 Warminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warminster 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%
$3,970,000
6.5%
$3,665,000
7%
$3,405,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,750,000
Change: -10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,605,000
Change: -12% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,470,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.12M
Range $2.81M – $3.43M · ±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
$162 / 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
$118,082
Tax year 2024
Assessed value
$559,460
Assessed 2024
Previous assessed
$559,460
+0.0% YoY
Effective rate
21.11%
On assessed value
Assessed land
$30,560
Assessed improvement
$528,900
Land market value
$418,628
Improvement market value
$7,245,174
Total market value
$7,663,802
Applied tax rate
49.0000
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
2017
Heating
CENTRAL
Cooling
YES
Stories
3
Rooms
6
Bathrooms
1
Total area
19,238 SF
Lot
3.05 ac (132,858 SF)
Zoning code
INST
APN
49-001-009
UPID
US73-4434758
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
INST · Warminster, PAZoning INST · permitted uses
INST · Warminster, 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
MEDICAL BUILDING
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.5M
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2017
Heating
CENTRAL
Cooling
Yes
Stories
3
Rooms
6
Bathrooms
1
Lot
3.05 ac
Current owner
From public records · entity-resolved
Lennox Cornelia LLC
Entity
Mailing address
333 DEKALB PIKE, AMBLER, PA 19002-1947
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2020
—
Lennox Cornelia LLC
222 Norristown Road LLC
Deed
$8,250,000 · Investors Bank
Mar 11, 2015
$475,000
222 Norristown Road LLC
Firstrust Bk
Grant Deed
—
May 27, 2014
—
Firstrust Bk
Terrace View Ents LP
Deed In Lieu Of Foreclosure
related
—
Oct 11, 2005
$2,400,000
Terrace View Ents
Prime Properties INC
Deed Of Trust
$8,560,000 · Firstrust Bank
Apr 18, 2005
—
Prime Properties INC
—
Trustees Deed
related
$200,000 · Paul Sabia
Mar 1, 2005
$1,225,000
Prime Properties INC
Sabia,paul
Grant Deed
$980,000 · Independent Mortgage
Apr 5, 2000
$340,000
Paul Sabia
Braccia,sam & Bertina
Grant Deed
$240,000 · Willow Grove Bank
Mar 30, 1999
$249,600
Sam Braccia
Berger,jane
Grant Deed
—
—
—
Paul Abla
—
Deed Of Trust
related
$292,855 · Willow Grove Bank
—
—
Paul Sabia
—
Deed Of Trust
related
$245,000 · Willow Grove 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.
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