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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Warehouses
2294 Penn Rd Hatfield, PA 19440-1905
Entity Owned
12-yr Hold
Free & Clear
Property ID
US73-0964021
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
22,500 SF
Lot
3.59 ac (156,380 SF)
Zoning code
LI
APN
35-00-07124-14-9
UPID
US73-0964021
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
-
Urban Fit Inc Gym & Fitness Center
-
North Penn Technology Inc (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$1.91M
Owner & transaction history
Joca Owner LP · 12 yrs held
Joca Owner LP
since 2013
4 recorded transactions
Zoning & alternative use
LI · Hatfield, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+53.1%
Apartment house (5+ units)
$3.1M
+51.6%
Neighborhood: shopping center
$2.9M
+42.2%
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 Hatfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hatfield 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
WAREHOUSE, STORAGE
$2,065,000
Current use
RESTAURANT
$3,160,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,125,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,935,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±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
$85 / 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
$34,949
Tax year 2023
Assessed value
$872,940
Assessed 2024
Previous assessed
$872,940
+0.0% YoY
Effective rate
4.00%
On assessed value
Assessed land
$231,330
Assessed improvement
$641,610
Land market value
$231,330
Improvement market value
$641,610
Total market value
$872,940
Applied tax rate
35.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Heating
OTHER
Cooling
CENTRAL
Total area
22,500 SF
Lot
3.59 ac (156,380 SF)
Zoning code
LI
APN
35-00-07124-14-9
UPID
US73-0964021
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LI · Hatfield, PAZoning LI · permitted uses
LI · Hatfield, 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
WAREHOUSE, STORAGE Current
Est. value
$2.1M
RESTAURANT
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
WAREHOUSE, STORAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1980
Heating
OTHER
Cooling
Yes
Lot
3.59 ac
Current owner
From public records · entity-resolved
Joca Owner LP
Entity
Free & Clear · 12 yrs held
Mailing address
1028 ELEPHANT RD, PERKASIE, PA 18944-3836
Ownership since
2013
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
Aug 5, 2013
$1,400,000
Joca Owner LP
2294 North Penn Road Assocs LP
Grant Deed
—
Jul 21, 1998
$735,000
2294 North Penn Road Assoc
Stack,john M
Grant Deed
$600,000 · Main Line Bank
—
—
John M Stack
—
Deed Of Trust
related
$678,000 · First Union National Bank
—
—
2294 North Penn Road Assocs
—
Deed Of Trust
related
$1,448,000 · Commerce Bank Pennsylvania NA
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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