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Property profile & analytics
OFF-MARKET
Estimated value
$20,005,000
Garden apartment buildings
237 Jacksonville Rd Hatboro, PA 19040-2630
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US73-0154952
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1926
Total area
240,682 SF
Lot
4.81 ac (209,524 SF)
Zoning code
HI
APN
08-00-02635-00-3
UPID
US73-0154952
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
-
Hatboro Lofts Apartment Building Apartments
-
Cyber Graphics Digital Marketing Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Fast Dog Consulting, LLC (Bike/Boat/Book/etc) Store Corporate Office
-
Ron Reid Janitorial General Contractor
-
Cypress Studios Film Production
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.01M
Owner & transaction history
Plumridge · 19 yrs held
Plumridge
since 2007
4 recorded transactions
Zoning & alternative use
HI · Hatboro, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
of this chapter, it is hereby declared to be the intent of the HI Heavy Industrial District and the HI-MU Heavy Industrial - Mixed Use District to provide for a variety of manufacturing, fabricating, and processing plants with adjunctive office facilities in the Borough of Hatboro.
Zone name
Heavy Industrial
General category
MIXED_USE
Zone area
27.19 ac
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 Hatboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hatboro 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
NEIGHBORHOOD: SHOPPING CENTER
$31,370,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$26,915,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$20.01M
Range $18.00M – $22.01M · ±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
$83 / 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
$354,315
Tax year 2023
Assessed value
$7,312,103
Assessed 2024
Previous assessed
$7,312,103
+0.0% YoY
Effective rate
4.85%
On assessed value
Total market value
$7,312,103
Applied tax rate
8.0000
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
1926
Heating
FORCED AIR
Cooling
CENTRAL
Units
159
Total area
240,682 SF
Lot
4.81 ac (209,524 SF)
Zoning code
HI
APN
08-00-02635-00-3
UPID
US73-0154952
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
HI · Hatboro, PAZoning HI · permitted uses
HI · Hatboro, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
of this chapter, it is hereby declared to be the intent of the HI Heavy Industrial District and the HI-MU Heavy Industrial - Mixed Use District to provide for a variety of manufacturing, fabricating, and processing plants with adjunctive office facilities in the Borough of Hatboro.
Zone name
Heavy Industrial
General category
MIXED_USE
Zone area
27.19 ac
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$31.4M
INDUSTRIAL (GENERAL)
Est. value
$26.9M
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1926
Heating
FORCED AIR
Cooling
Yes
Units
159
Lot
4.81 ac
Current owner
From public records · entity-resolved
Plumridge
Individual
Mailing address
107 LARK DR, HOLLAND, PA 18966-1943
Ownership since
2007
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
Dec 18, 2024
—
Plumridge LP
—
Deed
related
$26,732,000 · Regions Bank
Nov 19, 2019
—
Plumridge LP
—
Grant Deed
related
$27,800,000 · New York Cmnty Bk
Jul 16, 2007
$701,250
Plumridge
Plumridge Property LLC
Grant Deed
$25,000,000 · Republic First Bank
Sep 8, 2006
$1,500,000
Plumridge Property LLC
Owner,record
Grant Deed
related
—
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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