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Property profile & analytics
OFF-MARKET
Estimated value
$3,550,000
Assisted living facilities
235 Lancaster Ave Devon, PA 19333-1560
Entity Owned
9-yr Hold
Free & Clear
Property ID
US73-0963563
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1958
Total area
196,621 SF
Lot
6.1 ac (265,716 SF)
Zoning code
PBO
APN
5503J00010000
UPID
US73-0963563
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
-
Deborah G. Uhl, MS Physician
-
Cynthia Menzoni Physician
-
Jennifer Fisher Physician
-
Scott Rushanan Physician
-
Dr. Matthew W. Schaeffer, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.55M
Owner & transaction history
Hcp Properties LP · 9 yrs held
Hcp Properties LP
since 2016
4 recorded transactions
Zoning & alternative use
PBO · Devon, 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 Devon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Devon 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$18 / 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
$354,409
Tax year 2024
Assessed value
$9,501,720
Assessed 2024
Previous assessed
$9,501,720
+0.0% YoY
Effective rate
3.73%
On assessed value
Assessed land
$1,378,670
Assessed improvement
$8,123,050
Land market value
$1,378,670
Improvement market value
$8,200,230
Total market value
$9,578,900
Applied tax rate
55.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1958
Heating
HEAT PUMP
Cooling
CENTRAL
Units
278
Total area
196,621 SF
Lot
6.1 ac (265,716 SF)
Zoning code
PBO
APN
5503J00010000
UPID
US73-0963563
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
PBO · Devon, PA
Zoning PBO · permitted uses
PBO · Devon, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Devon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Heating
HEAT PUMP
Cooling
Yes
Units
278
Lot
6.1 ac
Current owner
From public records · entity-resolved
Hcp Properties LP
Entity
Free & Clear · 9 yrs held
Mailing address
2701 RENAISSANCE BLVD, KING OF PRUSSIA, PA 19406-2781
Ownership since
2016
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
Oct 25, 2021
—
235 E Lancaster Avenue LLC
—
Deed
related
$325,000,000 · Ccp Finance I LLC
Dec 14, 2016
—
Hcp Properties LP
Manor Care INC
Quit Claim Deed
related
—
Dec 14, 2016
$13,000,000
Devon Manor-devon Pa LLC
Hcp Properties LP
Grant Deed
$131,500,000 · Deerfield Private Design Fund III L P Deerfield Private Design Fund III L P
Jan 30, 2008
$18,705,137
Devon Manor Property LLC
Devon Manor Corp
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.
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