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Property profile & analytics
OFF-MARKET
Estimated value
$14,415,000
Garden apartment buildings
2622 Swede Rd East Norriton, PA 19401-1772
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2011490
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1963
Total area
175,788 SF
Lot
25.02 ac (1,089,871 SF)
Zoning code
GA
APN
33-00-09103-00-8
UPID
US73-2011490
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
-
Rolling Green Apartments Apartment Building Apartment Complex
-
In Home Drum, Guitar, Piano, Violin, and Voice Lessons. Eastern Pa Tutoring Service
-
Clean Pro Carpet Steam Cleaning.....Norristown Upholstery Cleaning Service Carpet Cleaning Service
-
Just Cafe Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.42M
Owner & transaction history
Rolling Green Owner LLC · 4 yrs held
Rolling Green Owner LLC
since 2022
5 recorded transactions
Zoning & alternative use
GA · East Norriton, 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 East Norriton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Norriton 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
$22,910,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$14.42M
Range $12.97M – $15.86M · ±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
$82 / 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
$203,511
Tax year 2023
Assessed value
$4,320,000
Assessed 2024
Previous assessed
$4,320,000
+0.0% YoY
Effective rate
4.71%
On assessed value
Total market value
$4,320,000
Applied tax rate
33.0000
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
1963
Heating
HOT WATER
Cooling
NONE
Units
18
Total area
175,788 SF
Lot
25.02 ac (1,089,871 SF)
Zoning code
GA
APN
33-00-09103-00-8
UPID
US73-2011490
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
GA · East Norriton, PA
Zoning GA · permitted uses
GA · East Norriton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Norriton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.9M
NEIGHBORHOOD: SHOPPING CENTER
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
1963
Heating
HOT WATER
Cooling
Yes
Units
18
Lot
25.02 ac
Current owner
From public records · entity-resolved
Rolling Green Owner LLC
Entity
Mailing address
2000 AVE OF THE STARS FL, LOS ANGELES, CA 90067-4700
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
—
Rolling Green Owner LLC
Rg Propco LLC
Special Warranty Deed
$20,660,000 · Bds IV Mortgage Capital B LLC
Aug 27, 2019
$8,769,600
Rg-propco LLC
Rolling Green Partners
Trustees Deed
$61,725,000 · Cred Reit Holdco LLC
Dec 31, 2012
—
Rolling Green Partners
—
Deed Of Trust
related
$7,470,000 · Private Lender
—
—
Rolling Green Partners
—
Deed Of Trust
related
$623,162 · Sunamerica Life Insurance Co
—
—
Rolling Green Partners
—
Deed Of Trust
related
$6,532,000 · Private Lender
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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