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Property profile & analytics
OFF-MARKET
Estimated value
$5,120,000
Investment properties
2833 Rdg Pike Norristown, PA 19403-1576
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-3027861
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1980
Total area
2,400 SF
Lot
1.38 ac (59,982 SF)
Zoning code
GC
APN
43-00-11908-01-9
UPID
US73-3027861
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
$5.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.12M
Owner & transaction history
Neighbors Of Eagle LLC · 5 yrs held
Neighbors Of Eagle LLC
since 2021
Last sale
$4.8M
5 recorded transactions
Zoning & alternative use
GC · Norristown, 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 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
$5,255,000
ML approach
$5,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.12M
Range $4.61M – $5.63M · ±10% · vs last sale $4.84M (Apr 5 2021)
Last sale anchor
$4.84M
Apr 5 2021
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
$2,133 / 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
$13,117
Tax year 2023
Assessed value
$321,610
Assessed 2024
Previous assessed
$321,610
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$275,000
Assessed improvement
$46,610
Land market value
$275,000
Improvement market value
$46,610
Total market value
$321,610
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
NONE
Cooling
NONE
Total area
2,400 SF
Lot
1.38 ac (59,982 SF)
Zoning code
GC
APN
43-00-11908-01-9
UPID
US73-3027861
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.
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Cooling
Yes
Lot
1.38 ac
Current owner
From public records · entity-resolved
Neighbors Of Eagle LLC
Entity
Mailing address
9 W 57TH ST FL, NEW YORK, NY 10019-2701
Ownership since
2021
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
Sep 18, 2024
—
Neighbors Of Eagle LLC
—
Deed
related
$2,261,000 · Key Bank NA
Apr 5, 2021
$4,837,838
Neighbors Of Eagle LLC
Trooper Mobile Home Sales & Park In
Special Warranty Deed
$6,681,000 · Key Bank NA
Apr 5, 2021
—
Trooper Mobile Home Sales & Park In
Trooper Mobile Homes Properties INC
Deed
—
Jan 9, 1998
$213,773
Trooper Mobile Homes Propertie
Trooper Mobile Homes Sales
Grant Deed
related
—
—
—
Trooper Mobile Hm Sales & Park
—
Deed Of Trust
related
$1,000,000 · Oritani Fin
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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