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Property profile & analytics
FOR SALE
Warehouses
2835 Terwood Rd Willow Grove, PA 19090
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US73-0118629
For Sale
1 / 13
Contact for pricing
2835 Terwood Rd, Willow Grove, PA 19090
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Total area
9,680 SF
Lot
0.99 ac (42,913 SF)
Zoning code
S
APN
59-00-17108-00-5
UPID
US73-0118629
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
-
Ogontz Corporation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$955k
Owner & transaction history
Interbay Fund LLC · 22 yrs held
Interbay Fund LLC
since 2004
7 recorded transactions
Zoning & alternative use
S · Willow Grove, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+78.5%
Medical building
$1.5M
+71.9%
Restaurant
$1.4M
+53.1%
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 Willow Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willow Grove 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
WAREHOUSE, STORAGE
$890,000
Current use
OFFICE BUILDING
$1,585,000
Change: +78% · Conversion: Difficult
MEDICAL BUILDING
$1,525,000
Change: +72% · Conversion: Difficult
RESTAURANT
$1,360,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,345,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,260,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$99 / 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
$20,672
Tax year 2023
Assessed value
$434,890
Assessed 2024
Previous assessed
$434,890
+0.0% YoY
Effective rate
4.75%
On assessed value
Assessed land
$201,070
Assessed improvement
$233,820
Land market value
$201,070
Improvement market value
$233,820
Total market value
$434,890
Applied tax rate
59.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1965
Heating
FORCED AIR
Cooling
CENTRAL
Total area
9,680 SF
Lot
0.99 ac (42,913 SF)
Zoning code
S
APN
59-00-17108-00-5
UPID
US73-0118629
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
S · Willow Grove, PAZoning S · permitted uses
S · Willow Grove, 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
$890,000
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
RESTAURANT
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1965
Heating
FORCED AIR
Cooling
Yes
Lot
0.99 ac
Current owner
From public records · entity-resolved
Interbay Fund LLC
Entity
Mailing address
2835 TERWOOD RD, WILLOW GROVE, PA 19090-1434
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2020
—
Thomas M Kenny
—
Deed
related
$464,500 · Truist Bk
Nov 16, 2020
—
Thomas M Kenny
—
Deed
related
$601,000 · Truist Bk
Feb 13, 2004
—
Interbay Fund LLC
Kenny,thomas M
Grant Deed
related
—
—
—
Thomas M Kenny
—
Deed Of Trust
related
$200,000 · National Penn Bank
—
—
Thomas M Kenny
—
Deed Of Trust
related
$450,000 · Quakertown National Bank
—
—
Thomas M Kenny
—
Deed Of Trust
related
$680,000 · Quakertown National Bank
—
—
Thomas M Kenny
—
Deed Of Trust
related
$288,000 · Quakertown National Bank
—
—
Thomas M Kenny
—
Deed Of Trust
related
$490,794 · Quakertown National Bank
—
—
Thomas M Kenny
—
Deed Of Trust
related
$200,000 · National Penn Bank
—
—
Thomas M Kenny
—
Deed Of Trust
related
$900,000 · National Penn Bank
—
—
Thomas M Kenny
—
Deed Of Trust
related
$641,292 · Quakertown National Bank
—
—
Thomas M Kenny
—
Deed Of Trust
related
$150,000 · Swagelok Co
—
—
Thomas M Kenny
—
Deed Of Trust
related
$601,000 · Truist Bk
—
—
Thomas M Kenny
—
Deed Of Trust
related
$10,000 · Truist Bk
—
—
Thomas M Kenny
—
Deed Of Trust
related
$464,500 · Truist Bk
—
—
Thomas M Kenny
—
Deed Of Trust
related
$500,000 · National Penn Bank
—
—
Thomas M Kenny
—
Deed Of Trust
related
$400,000 · National Penn Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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