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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Sports & entertainment properties
29 Lansdowne Ave Lansdowne, PA 19050-2205
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1727567
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1930
Total area
47,910 SF
Lot
0.68 ac (29,630 SF)
APN
23-00-01748-00
UPID
US73-1727567
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
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.13M
Owner & transaction history
Landsdowne Theater LLC · 3 yrs held
Landsdowne Theater LLC
since 2023
7 recorded transactions
Zoning & alternative use
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 Lansdowne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansdowne 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
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±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
$23 / 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
$13,462
Tax year 2024
Assessed value
$326,960
Assessed 2024
Previous assessed
$326,960
+0.0% YoY
Effective rate
4.12%
On assessed value
Assessed land
$99,055
Assessed improvement
$227,905
Total market value
$326,960
Applied tax rate
2,317.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1930
Heating
NONE
Cooling
CENTRAL
Total area
47,910 SF
Lot
0.68 ac (29,630 SF)
APN
23-00-01748-00
UPID
US73-1727567
Jurisdiction
DELAWARE
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Cooling
Yes
Lot
0.68 ac
Current owner
From public records · entity-resolved
Landsdowne Theater LLC
Entity
Mailing address
31 N LANSDOWNE AVE, LANSDOWNE, PA 19050-2792
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2023
—
Landsdowne Theater LLC
Historic Lansdowne Theater Corporat
Lease
$2,400,000 · Wilmington Savings Fund Society Fsb
Aug 23, 2022
—
Historic Lansdowne Theater Corporat
—
Deed
related
$675,000 · Wilmington Savings Fund Society Fsb
Jun 2, 2022
—
Historic Lansdowne Theater Corporat
—
Deed
related
$175,000 · Wilmington Savings Fund Society Fsb
Aug 10, 2021
—
Historic Lansdowne Theater Corporat
—
Deed
related
$50,000 · Wilmington Savings Fund Society Fsb
Apr 29, 2020
—
Historic Lansdowne Theater Corporat
—
Deed
related
$500,000 · Wilmington Savings Fund Society Fsb
Apr 8, 2019
—
Historic Lansdowne Theatre Corporat
—
Deed
related
$50,000 · Wilmington Savings Fund Society Fsb
Mar 24, 2008
$535,000
Lansdowne Theater Cor Historic
29-37 N Lansdowne INC
Grant Deed
—
Oct 22, 2007
$535,000
Lansdowne Theatre Cor Historic
29-37 N Lansdowne INC
Grant Deed
—
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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