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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
2924 Swede Rd East Norriton, PA 19401-1336
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-1997092
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1945
Total area
5,334 SF
Lot
0.34 ac (14,950 SF)
Zoning code
C
APN
33-00-09055-00-2
UPID
US73-1997092
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
-
Dr. Joseph L. Grisafi, MD Physician Hospital
-
Artery and Vein Institute Physician Hospital
-
Westley Mark Smith Physician Hospital
-
Mr. Westley Smith Physician Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$540k
Owner & transaction history
Leo Group Properties LLC · 11 yrs held
Leo Group Properties LLC
since 2015
4 recorded transactions
Zoning & alternative use
C · East Norriton, 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 East Norriton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Norriton 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
MEDICAL BUILDING
$840,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$770,000
Change: -17% · Conversion: Easy
RESTAURANT
$750,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$101 / 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
$12,576
Tax year 2023
Assessed value
$266,950
Assessed 2024
Previous assessed
$266,950
+0.0% YoY
Effective rate
4.71%
On assessed value
Total market value
$266,950
Applied tax rate
33.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1945
Heating
HOT WATER
Cooling
NONE
Stories
1
Rooms
8
Bathrooms
2
Total area
5,334 SF
Lot
0.34 ac (14,950 SF)
Zoning code
C
APN
33-00-09055-00-2
UPID
US73-1997092
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C · East Norriton, PA
Zoning C · permitted uses
C · East Norriton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Norriton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$840,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$770,000
RESTAURANT
Est. value
$750,000
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1945
Heating
HOT WATER
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Leo Group Properties LLC
Entity
Mailing address
2583 COLD SPG RD, LANSDALE, PA 19446-6065
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2015
$400,000
Leo Group Properties LLC
Korkus Michael J & Jane A
Grant Deed
$432,000 · Citizens Bk/pa
Nov 21, 2008
—
Michael J Korkus
—
Trustees Deed
related
$130,000 · Harleysville Savings Bank
Dec 22, 1998
$151,079
Michael J Korkus
Korkus,george A
Grant Deed
related
$303,860 · Madison Bank
—
—
Michael J Korkus
—
Deed Of Trust
related
$652,000 · Harleysville Savings 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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