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Property profile & analytics
FOR SALE
Investment properties
296 Easton Rd Horsham, PA 19044
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1638450
For Sale
1 / 8
$650,000
296 Easton Rd, Horsham, PA 19044
View Listing →
Property summary
AI-generated overview
This exceptional retail property at 296 Easton Road (Rt. 611) in Horsham, PA presents a compelling investment opportunity. The 2,951 square foot building sits on a 0.4-acre lot and is currently operating as a dry cleaning business. The property boasts significant visibility due to its location on a high-traffic road within a densely populated residential and commercial area. The zoning designation is GC-2, allowing for a diverse range of business uses (see uploaded zoning document for details). Ample parking is available, with space for 15 or more vehicles. Convenient access is provided via both Easton Road (Rt. 611) and Horsham Road, ensuring easy ingress and egress for customers and employees. The property's size and location make it ideal for a variety of retail ventures. Serious inquiries only
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Total area
2,951 SF
Lot
0.4 ac (17,280 SF)
Zoning code
GC2
APN
36-00-03763-00-8
UPID
US73-1638450
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
-
Wonder Cleaners & Launderers (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Eun Kim · 23 yrs held
Eun Kim
since 2002
1 recorded transaction
Zoning & alternative use
GC2 · Horsham, 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 Horsham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Horsham 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,784
Tax year 2023
Assessed value
$121,710
Assessed 2024
Previous assessed
$121,710
+0.0% YoY
Effective rate
3.93%
On assessed value
Assessed land
$90,710
Assessed improvement
$31,000
Land market value
$90,710
Improvement market value
$31,000
Total market value
$121,710
Applied tax rate
36.0000
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
For Sale
Year built
1950
Heating
NONE
Cooling
NONE
Stories
1
Total area
2,951 SF
Lot
0.4 ac (17,280 SF)
Zoning code
GC2
APN
36-00-03763-00-8
UPID
US73-1638450
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
GC2 · Horsham, PA
Zoning GC2 · permitted uses
GC2 · Horsham, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Horsham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Eun Kim
Individual
Mailing address
329 WYNSTONE CT, COLMAR, PA 18915-3109
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2002
$233,000
Eun Kim
Wonder Cleaners & Launderers
Grant Deed
$550,000 · Wonder Cleaners & Launderers
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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