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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Office buildings
297 Uwchlan Ave Downingtown, PA 19335-3361
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-1235971
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Total area
6,742 SF
Lot
0.68 ac (29,750 SF)
Zoning code
R1
APN
4002 00180100
UPID
US73-1235971
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
-
Rehab Therapeutics Alternative Medicine Practice
-
Brass & Burn Chimney Co. (Bike/Boat/Book/etc) Store
-
U-neek Web Design & SEO Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Keystone Fireworks (Bike/Boat/Book/etc) Store
-
U-neek Computer Services Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$500k
Blend (final)
Blend
$695k
Owner & transaction history
U Neck Properties LLC · 6 yrs held
U Neck Properties LLC
since 2020
Last sale
$640,000
5 recorded transactions
Zoning & alternative use
R1 · Downingtown, 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 Downingtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downingtown 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
$835,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $640k (Apr 21 2020)
Last sale anchor
$640k
Apr 21 2020
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
$103 / 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
$12,548
Tax year 2024
Assessed value
$354,870
Assessed 2024
Previous assessed
$354,870
+0.0% YoY
Effective rate
3.54%
On assessed value
Assessed land
$104,340
Assessed improvement
$250,530
Land market value
$104,340
Improvement market value
$261,030
Total market value
$365,370
Applied tax rate
40.0000
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
Status
Off-Market
Year built
1962
Heating
HEAT PUMP
Cooling
CENTRAL
Total area
6,742 SF
Lot
0.68 ac (29,750 SF)
Zoning code
R1
APN
4002 00180100
UPID
US73-1235971
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R1 · Downingtown, PA
Zoning R1 · permitted uses
R1 · Downingtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Downingtown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1962
Heating
HEAT PUMP
Cooling
Yes
Lot
0.68 ac
Current owner
From public records · entity-resolved
U Neck Properties LLC
Entity
Mailing address
259 NORWOOD RD, DOWNINGTOWN, PA 19335-2367
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2023
—
U Neek Properties LLC
—
Deed
related
$85,000 · First Resource Bank
Apr 26, 2022
—
U Neek Properties LLC
—
Deed
related
$266,500 · First Resource Bank
Apr 21, 2020
$640,000
U Neck Properties LLC
Mitchell Merriam
Deed
$712,000 · First Resource Bank
Mar 11, 2013
—
Mitchell Merriam
Merriam,mitchell & Rebecca F
Quit Claim Deed
related
—
—
—
Mitchell Merriam
—
Deed Of Trust
related
$335,000 · Citadel FCU
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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