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Property profile & analytics
OFF-MARKET
Estimated value
$2,725,000
Apartment buildings
301 Brown St Norristown, PA 19401-5451
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-5836909
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Total area
27,234 SF
Lot
0.85 ac (37,100 SF)
Zoning code
GA
APN
13-00-05020-00-7
UPID
US73-5836909
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
-
Holly House Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.73M
Owner & transaction history
1238 W Washington Partners LP · 8 yrs held
1238 W Washington Partners LP
since 2017
7 recorded transactions
Zoning & alternative use
GA · Norristown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.3M
+9.3%
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 Norristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norristown 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
APARTMENT HOUSE (5+ UNITS)
$3,930,000
Current use
MEDICAL BUILDING
$4,295,000
Change: +9% · Conversion: Moderate
RESTAURANT
$3,825,000
Change: -3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,550,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.73M
Range $2.45M – $3.00M · ±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
$100 / 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
$50,108
Tax year 2023
Assessed value
$816,330
Assessed 2024
Previous assessed
$816,330
+0.0% YoY
Effective rate
6.14%
On assessed value
Total market value
$816,330
Applied tax rate
13.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1965
Heating
HOT WATER
Cooling
NONE
Stories
3
Units
25
Total area
27,234 SF
Lot
0.85 ac (37,100 SF)
Zoning code
GA
APN
13-00-05020-00-7
UPID
US73-5836909
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
GA · Norristown, PA
Zoning GA · permitted uses
GA · Norristown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norristown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$4.3M
RESTAURANT
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1965
Heating
HOT WATER
Cooling
Yes
Stories
3
Units
25
Lot
0.85 ac
Current owner
From public records · entity-resolved
1238 W Washington Partners LP
Entity
Mailing address
500 MAIN ST, HARLEYSVILLE, PA 19438-2260
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2020
—
1238 West Washington Partners
—
Deed Of Trust
related
$1,875,000 · Harleysville Bk
Sep 22, 2017
$1,750,000
1238 W Washington Partners LP
Ocean Secrets LP
Grant Deed
related
$1,400,000 · Readycap Com'l
Jun 10, 2008
—
Secrets Ocean
Ocean Secrets
Deed Of Trust
related
$1,408,000 · Continental Bank NA
—
—
Jm Pete Holdings LLC
—
Deed Of Trust
related
$180,000 · Richard Austin
—
—
Secrets Ocean
—
Deed Of Trust
related
$1,200,000 · Bucks County Bank
—
—
Secrets Ocean
—
Deed Of Trust
related
$100,000 · Bucks County Bank
—
—
Secrets LP Ocean
—
Deed Of Trust
related
$120,273 · Robert & Renee Burger
—
—
West Washington Partners LP
—
Deed Of Trust
related
$1,875,000 · Harleysville Bk
—
—
Secrets Ocean
—
Deed Of Trust
related
$990,000 · Frank B Weisz
—
—
Secrets LP Ocean
—
Deed Of Trust
related
$173,500 · Susan Kingsbury
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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