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Property profile & analytics
OFF-MARKET
Estimated value
$48,195,000
High-rise multifamily apartments
2405 Maryland Rd, Willow Grove, PA 19090-1766
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1017380
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2019
Total area
343,852 SF
Lot
8.42 ac (366,775 SF)
Zoning code
I
APN
59-00-12322-00-3
UPID
US73-1017380
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
VIP Cleaning Service PA Commercial Cleaning Service
-
GoodSigning Mobile Notary Services Law Firm
-
Willow Pointe Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$65.88M
Blend (final)
Blend
$48.20M
Owner & transaction history
2405 Maryland Road Prop Owner · 8 yrs held
2405 Maryland Road Prop Owner
since 2017
7 recorded transactions
Zoning & alternative use
I · Willow Grove, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$56.3M
+17.7%
Medical building
$54.2M
+13.4%
Restaurant
$48.3M
+1.0%
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 Willow Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willow Grove 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
APARTMENT HOUSE (5+ UNITS)
$47,790,000
Current use
OFFICE BUILDING
$56,260,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$54,200,000
Change: +13% · Conversion: Moderate
RESTAURANT
$48,265,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$44,820,000
Change: -6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$41,850,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$48.20M
Range $43.38M – $53.01M · ±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
$140 / 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
$1,016,427
Tax year 2023
Assessed value
$21,384,000
Assessed 2024
Previous assessed
$20,007,920
+6.9% YoY
Effective rate
4.75%
On assessed value
Total market value
$21,384,000
Applied tax rate
59.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
CENTRAL
Units
63
Total area
343,852 SF
Lot
8.42 ac (366,775 SF)
Zoning code
I
APN
59-00-12322-00-3
UPID
US73-1017380
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I · Willow Grove, PA
Zoning I · permitted uses
I · Willow Grove, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Willow Grove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$47.8M
OFFICE BUILDING
Est. value
$56.3M
MEDICAL BUILDING
Est. value
$54.2M
RESTAURANT
Est. value
$48.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$44.8M
COMMERCIAL (GENERAL)
Est. value
$41.9M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (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
2019
Heating
FORCED AIR
Cooling
Yes
Units
63
Lot
8.42 ac
Current owner
From public records · entity-resolved
2405 Maryland Road Prop Owner
Individual
Mailing address
520 US HWY 22, BRIDGEWATER, NJ 08807-2410
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2020
—
2405 Maryland Road Property Ow
—
Deed
related
$490,000 · Gim Us Cml Fund LP
Sep 21, 2018
—
2405 Maryland Road Prop Owner
—
Grant Deed
related
$74,000,000 · Valley Nat'l Bk
Sep 18, 2017
$5,325,000
2405 Maryland Road Prop Owner
Bpg Office Vi Maryland Ave LP
Grant Deed
—
Apr 16, 2007
—
Bpg Office Vi Maryland Ave
—
Deed Of Trust
related
$18,000,000 · Legg Mason Real Estate Capital
Mar 18, 2005
$8,904,000
Bpg Office Vi Maryland Ave LP
Marave Assocs LP
Deed
—
—
—
2405 Maryland Road Property Ow
—
Deed Of Trust
related
$490,000 · Gim Us Cml Fund LP
—
—
Marave Associates LP
—
Deed Of Trust
related
$6,000,000 · Metlife Capital Financial Corp
—
—
Bpg Office Vi Koppers Borrow
—
Deed Of Trust
related
$1,800,000 · Legg Mason Real Estate Capital
—
—
Bpg Office Vi Koppers Borrow
—
Deed Of Trust
related
$16,664,961 · Legg Mason R/e Cdo II Corp
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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