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Property profile & analytics
OFF-MARKET
Estimated value
$2,775,000
Investment properties
2828 Rdg Pike Norristown, PA 19403-1510
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-2802892
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1980
Total area
14,400 SF
Lot
1.99 ac (86,728 SF)
Zoning code
GC
APN
43-00-11524-00-7
UPID
US73-2802892
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
-
Ridge Pike Beverage Big Box & Wholesale Store Distribution Center
-
Elite TOMA Martial Arts Training Center Sports School
-
El Limon Eagleville Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.79M
CAP Approach
CAP
$2.30M
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$2.78M
Owner & transaction history
Ridge Pike Real Estate LLC · 2 yrs held
Ridge Pike Real Estate LLC
since 2023
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
GC · Norristown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.3M
+146.0%
Retail stores
$3.9M
+124.2%
Office building
$2.5M
+45.0%
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 Norristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norristown 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
$2,810,000
ML approach
$2,785,000
CAP Approach
CAP Return
Estimation
6%
$2,485,000
6.5%
$2,295,000
7%
$2,130,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,730,000
Current use
AUTO REPAIR, GARAGE
$4,255,000
Change: +146% · Conversion: Difficult
RETAIL STORES
$3,875,000
Change: +124% · Conversion: Easy
OFFICE BUILDING
$2,510,000
Change: +45% · Conversion: Easy
MEDICAL BUILDING
$2,270,000
Change: +31% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,075,000
Change: +20% · Conversion: Moderate
RESTAURANT
$2,020,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,875,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$2.78M
Range $2.50M – $3.05M · ±10% · vs last sale $2.75M (Oct 11 2023)
Last sale anchor
$2.75M
Oct 11 2023
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
$193 / 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
$37,932
Tax year 2023
Assessed value
$930,000
Assessed 2024
Previous assessed
$930,000
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$504,590
Assessed improvement
$425,410
Land market value
$504,590
Improvement market value
$425,410
Total market value
$930,000
Applied tax rate
43.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1980
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Total area
14,400 SF
Lot
1.99 ac (86,728 SF)
Zoning code
GC
APN
43-00-11524-00-7
UPID
US73-2802892
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
GC · Norristown, PA
Zoning GC · permitted uses
GC · Norristown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norristown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$4.3M
RETAIL STORES
Est. value
$3.9M
OFFICE BUILDING
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
RESTAURANT
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1980
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
1.99 ac
Current owner
From public records · entity-resolved
Ridge Pike Real Estate LLC
Entity
Mailing address
2828 RDG PIKE, NORRISTOWN, PA 19403-1510
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2023
$2,750,000
Ridge Pike Real Estate LLC
Nam S Pack
Deed
$2,000,000 · Nam Paek
Dec 11, 2002
—
Nam S Paek
Paek,pil K & Nam S
Quit Claim Deed
related
$500,000 · Union National Bank & Trust
—
—
Univest National Bank & Trust Co
—
Deed Of Trust
related
—
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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