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Property profile & analytics
FOR LEASE
Office buildings
308 E Lancaster Ave Ardmore, PA 19096
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0299343
For Lease
1 / 3
$34 SF/Yr
308 E Lancaster Ave, Ardmore, PA 19096
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Total area
54,216 SF
Lot
1.82 ac (79,323 SF)
Zoning code
C1
APN
40-00-30208-00-1
UPID
US73-0299343
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.66M
Blend (final)
Blend
$9.52M
Owner & transaction history
308 E Lancaster Assocs LP · 20 yrs held
308 E Lancaster Assocs LP
since 2006
4 recorded transactions
Zoning & alternative use
C1 · Ardmore, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$14.6M
+64.6%
Commercial (general)
$9.7M
+8.8%
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 Ardmore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ardmore 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
OFFICE BUILDING
$8,870,000
Current use
RETAIL STORES
$14,600,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,650,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$8,545,000
Change: -4% · Conversion: Easy
RESTAURANT
$7,610,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,535,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$9.52M
Range $8.56M – $10.47M · ±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
$176 / 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
$184,400
Tax year 2023
Assessed value
$4,415,400
Assessed 2024
Previous assessed
$5,049,000
-12.5% YoY
Effective rate
4.18%
On assessed value
Total market value
$4,415,400
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
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
For Lease
Year built
1955
Heating
HOT WATER
Cooling
CENTRAL
Total area
54,216 SF
Lot
1.82 ac (79,323 SF)
Zoning code
C1
APN
40-00-30208-00-1
UPID
US73-0299343
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Ardmore, PA
Zoning C1 · permitted uses
C1 · Ardmore, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ardmore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.9M
RETAIL STORES
Est. value
$14.6M
COMMERCIAL (GENERAL)
Est. value
$9.7M
MEDICAL BUILDING
Est. value
$8.5M
RESTAURANT
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.5M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1955
Heating
HOT WATER
Cooling
Yes
Lot
1.82 ac
Current owner
From public records · entity-resolved
308 E Lancaster Assocs LP
Entity
Mailing address
290 KING OF PRUSSIA RD BLDG #200, RADNOR, PA 19087-5107
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Dec 13, 2016
—
308 East Lancaster Associates LP
—
Deed
related
$7,200,000 · Webster Bank NA
Jul 12, 2006
—
308 E Lancaster Associates
—
Deed Of Trust
related
$9,000,000 · Potomac Realty Capital LLC
Jun 26, 2006
—
308 E Lancaster Assocs LP
Owner,record
Grant Deed
related
—
Oct 13, 1998
—
Gladwyne Investors Wynnewood
—
Deed Of Trust
related
$5,700,000 · Residential Funding Corp
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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