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Property profile & analytics
OFF-MARKET
Estimated value
$63,655,000
Apartment buildings
301 Conestoga Rd Wayne, PA 19087-2555
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-2683160
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Total area
196,200 SF
Lot
2.79 ac (121,750 SF)
Zoning code
C1
APN
4311F01790000
UPID
US73-2683160
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
-
Brightview Devon - Senior Independent Living, Personal Care, Memory Care Nursing Home Retirement Community
-
Douglas Vallinino Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$63.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$46.32M
Blend (final)
Blend
$63.66M
Owner & transaction history
Bh Brightview Devon LLC · 1 yrs held
Bh Brightview Devon LLC
since 2024
Last sale
$63.7M
7 recorded transactions
Zoning & alternative use
C1 · Wayne, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$42.4M
+14.0%
Auto repair, garage
$41.9M
+12.6%
Office building
$41.3M
+10.9%
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 Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne 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
$63,655,000
ML approach
$63,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$42,445,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$41,920,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$41,285,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$63.66M
Range $57.29M – $70.02M · ±10% · vs last sale $63.66M (Aug 22 2024)
Last sale anchor
$63.66M
Aug 22 2024
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
$324 / 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
$585,959
Tax year 2024
Assessed value
$16,635,450
Assessed 2024
Previous assessed
$16,635,450
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$144,880
Assessed improvement
$16,490,570
Land market value
$144,880
Improvement market value
$16,589,120
Total market value
$16,734,000
Applied tax rate
43.0000
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
2020
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Units
171
Total area
196,200 SF
Lot
2.79 ac (121,750 SF)
Zoning code
C1
APN
4311F01790000
UPID
US73-2683160
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Wayne, PAZoning C1 · permitted uses
C1 · Wayne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$42.4M
AUTO REPAIR, GARAGE
Est. value
$41.9M
OFFICE BUILDING
Est. value
$41.3M
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2020
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Units
171
Lot
2.79 ac
Current owner
From public records · entity-resolved
Bh Brightview Devon LLC
Entity
Mailing address
218 N CHARLES ST STE #220, BALTIMORE, MD 21201-4002
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2024
$63,655,000
Bh Brightview Devon LLC
Brightview Wayne LLC
Special Warranty Deed
$252,000 · Prudential Insurance Of America
Jul 26, 2023
—
American Tower Asset Sub II LLC
—
Deed
related
$189,490,000 · Us Bank Trust Co NA
Aug 21, 2018
—
Brightview Wayne LLC
—
Loan Modification
related
$49,720,000 · Pnc Bk
May 24, 2017
$2,400,000
Brightview Wayne LLC
Joseph Norcini & Sons LP
Grant Deed
—
May 24, 2017
—
Brightview Wayne LLC
Brightview Wayne LLC
Quit Claim Deed
related
—
Apr 20, 2009
—
American Tower Asset Sub II Ll
—
Deed Of Trust
related
$1,750,000,000 · American Tower Depositor Sub L
Mar 12, 2008
—
Joseph Norcini
Joseph Norcini & Sons
Quit Claim Deed
—
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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