Property profile

2405 Maryland Rd Willow Grove, PA 19090

OFF-MARKET
High-rise multifamily apartments
Property ID
US73-1017380
343,852 SF 8.42 ac lot Built 2019
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Electric Vehicle Charging Station
  • Commercial Cleaning Service
  • Law Firm
  • Apartment Complex

Location

2405 Maryland Rd Willow Grove, PA 19090-1766
Willow Grove metro Census 200301 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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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

since 2017
7 recorded transactions
2020
Price N/A
2018
Price N/A
2017
$5.3M
2007
Price N/A
2005
$8.9M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I · Willow Grove, PA
Top alternative use upside
Office building $56.3M +17.7%
Medical building $54.2M +13.4%
Restaurant $48.3M +1.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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