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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Commercial real estate
2240 Dekalb Pike East Norriton, PA 19401-2030
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-1161496
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1928
Total area
5,429 SF
Lot
0.69 ac (30,000 SF)
Zoning code
RO
APN
33-00-01978-00-5
UPID
US73-1161496
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
-
Ashley Gerrity Photography Wedding Service Photography Service
-
Piermani & Bearoff, PC Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$481k
Blend (final)
Blend
$595k
Owner & transaction history
Mccarty Brothers LLC · 3 yrs held
Mccarty Brothers LLC
since 2023
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
RO · East Norriton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$945,000
+173.4%
Medical building
$855,000
+147.5%
Apartment house (5+ units)
$785,000
+126.5%
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 East Norriton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Norriton 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
$650,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$945,000
Change: +173% · Conversion: Easy
MEDICAL BUILDING
$855,000
Change: +147% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$785,000
Change: +127% · Conversion: Moderate
RESTAURANT
$760,000
Change: +120% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Change: +105% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $600k (Feb 23 2023)
Last sale anchor
$600k
Feb 23 2023
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
$110 / 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
$11,982
Tax year 2023
Assessed value
$254,340
Assessed 2024
Previous assessed
$254,340
+0.0% YoY
Effective rate
4.71%
On assessed value
Assessed land
$121,600
Assessed improvement
$132,740
Land market value
$121,600
Improvement market value
$132,740
Total market value
$254,340
Applied tax rate
33.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1928
Heating
NONE
Cooling
NONE
Stories
2
Rooms
6
Bathrooms
2
Total area
5,429 SF
Lot
0.69 ac (30,000 SF)
Zoning code
RO
APN
33-00-01978-00-5
UPID
US73-1161496
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RO · East Norriton, PA
Zoning RO · permitted uses
RO · East Norriton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Norriton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$945,000
MEDICAL BUILDING
Est. value
$855,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$785,000
RESTAURANT
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$710,000
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1928
Heating
NONE
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Mccarty Brothers LLC
Entity
Mailing address
2240 DEKALB PIKE, EAST NORRITON, PA 19401-2030
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2023
$600,000
Mccarty Brothers LLC
Charles J Piermani
Deed
$450,000 · The Victory Bank
—
—
Charles J Piermani
—
Deed Of Trust
related
$250,000 · Madison Bank
—
—
Charles J Piermani
—
Deed Of Trust
related
$500,000 · Vist Bank
—
—
Charles J Piermani
—
Deed Of Trust
related
$500,000 · Royal Bank America
—
—
Charles J Piermani
—
Deed Of Trust
related
$400,000 · Madison Bank
—
—
Charles J Piermani
—
Deed Of Trust
related
$140,000 · Madison Bank
—
—
Charles J Piermani
—
Deed Of Trust
related
$500,000 · Madison 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
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