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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Warehouses
2803 Lincoln Hwy Thorndale, PA 19372
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US73-2604787
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Total area
3,901 SF
Lot
1 ac (43,560 SF)
Zoning code
C2
APN
3904 00930000
UPID
US73-2604787
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
-
Hatt's Industrial Supplies & True Value Building Supply Hardware & Home Improvement
-
UPS Authorized Shipping Provider Courier Service Postal Service
-
UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Ira R Clavier JR · 21 yrs held
Ira R Clavier JR
since 2005
6 recorded transactions
Zoning & alternative use
C2 · Thorndale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$835,000
+59.8%
Office building
$725,000
+39.1%
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 Thorndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thorndale 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
$455,000
CAP Approach
CAP Return
Estimation
6%
$665,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$520,000
Current use
AUTO REPAIR, GARAGE
$835,000
Change: +60% · Conversion: Easy
OFFICE BUILDING
$725,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$147 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$37,106
Tax year 2024
Assessed value
$713,870
Assessed 2024
Previous assessed
$713,870
+0.0% YoY
Effective rate
5.20%
On assessed value
Assessed land
$133,900
Assessed improvement
$579,970
Land market value
$133,900
Improvement market value
$583,470
Total market value
$717,370
Applied tax rate
39.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
3,901 SF
Lot
1 ac (43,560 SF)
Zoning code
C2
APN
3904 00930000
UPID
US73-2604787
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Thorndale, PAZoning C2 · permitted uses
C2 · Thorndale, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$835,000
OFFICE BUILDING
Est. value
$725,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1992
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
1 ac
Current owner
From public records · entity-resolved
Ira R Clavier JR
Individual
Mailing address
PO BOX 72506, THORNDALE, PA 19372-0506
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2018
—
Ira R Clavier JR
—
Grant Deed
related
$2,000,000 · Citadel FCU
Apr 27, 2005
$460,000
Ira R Clavier JR
Charlotte M Hatt
Deed
$915,000 · First National Bank Of Chester Coun
—
—
Charlotte M Hatt
—
Deed Of Trust
related
$600,000 · First Financial Sav Bank Pasa
—
—
Charlotte M Hatt
—
Deed Of Trust
related
$120,000 · First Financial Sav Bank Pasa
—
—
Charlotte M Hatt
—
Deed Of Trust
related
$650,000 · First Financial Bank Fsb
—
—
Ira R Clavier JR
—
Deed Of Trust
related
$700,000 · Citadel FCU
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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