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Property profile & analytics
OFF-MARKET
Estimated value
$3,830,000
Garden apartment buildings
2929 Blair Ml Rd, Willow Grove, PA 19090-1003
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0288306
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1963
Total area
60,672 SF
Lot
2.98 ac (129,809 SF)
Zoning code
M
APN
59-00-01157-50-3
UPID
US73-0288306
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
-
City Driveways & Hardscapes Contracting General Contractor Construction Company
-
VENTURA'S LANDSCAPING INC General Contractor
-
Concord Apartments Apartment Complex Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$3.83M
Owner & transaction history
Concord Square Apartments LLC · 4 yrs held
Concord Square Apartments LLC
since 2022
Last sale
$3.8M
4 recorded transactions
Zoning & alternative use
M · Willow Grove, 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 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
$3,915,000
ML approach
$3,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.83M
Range $3.45M – $4.21M · ±10% · vs last sale $3.78M (Jan 21 2022)
Last sale anchor
$3.78M
Jan 21 2022
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
$63 / 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
$80,216
Tax year 2023
Assessed value
$1,687,620
Assessed 2024
Previous assessed
$1,687,620
+0.0% YoY
Effective rate
4.75%
On assessed value
Assessed land
$329,400
Assessed improvement
$1,358,220
Land market value
$329,400
Improvement market value
$1,358,220
Total market value
$1,687,620
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1963
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
24
Total area
60,672 SF
Lot
2.98 ac (129,809 SF)
Zoning code
M
APN
59-00-01157-50-3
UPID
US73-0288306
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
M · Willow Grove, PA
Zoning M · permitted uses
M · Willow Grove, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Willow Grove. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1963
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
24
Lot
2.98 ac
Current owner
From public records · entity-resolved
Concord Square Apartments LLC
Entity
Mailing address
801 OLD YORK RD STE #100, JENKINTOWN, PA 19046-1600
Ownership since
2022
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
Jan 21, 2022
$3,780,269
Concord Square Apartments LLC
Mlscsd Associates LP
Special Warranty Deed
—
Aug 3, 1999
$1,743,300
M L S C S D Associates LP
Colavita,loucky J & Claire C
Grant Deed
$1,400,000 · Seller
—
—
Mlscsd Associates
—
Deed Of Trust
related
$1,700,000 · Stonebridge Bank
—
—
Loucky J Colavita
—
Deed Of Trust
related
$250,000 · Colavita Family Partnership
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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