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Property profile & analytics
OFF-MARKET Estimated value $800,000
Garden apartment buildings

255 Lincoln Hwy Penndel, PA 19047-4023

7,000 SF 5.44 ac lot Built 1966
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US73-5735845
Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1966
Total area 7,000 SF
Lot 5.44 ac (236,966 SF)
Zoning code RC
APN 32-005-096
UPID US73-5735845
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$540k
CAP Approach CAP
by Request
Comparable Approach Comparable
$530k
Blend (final) Blend
$800k
Owner & transaction history
Penndel Apartments Assocs LP · 15 yrs held
Penndel Apartments Assocs LP
since 2011
2 recorded transactions
2011
$9.0M
2004
$8.9M
Zoning & alternative use
RC · Penndel, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

RC Retail Commercial District. The purpose and intent of this district is to provide areas for modern office, retail, personal service and related uses. Standards are included to promote the grouping of retail and service uses to help ensure an attractive setting for permitted land uses, to ensure adequate parking, and to create conditions conducive to carry…

Zone name Retail Commercial
General category COMMERCIAL
Zone area 47.46 ac
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