Technical
Financial
Distress signals
Property profile

308 Lancaster Ave Ardmore, PA 19003

OFF-MARKET
Office buildings
Property ID
US73-0299343
54,216 SF 1.82 ac lot Built 1955
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is an office building located in the Main Line area, with access to I-476 and I-76 and proximity to Suburban Square and surrounding amenities. The gross building area is 54,349 square feet. The building includes first-floor office space, including a 725-square-foot suite, and additional office space suitable for tenant occupancy. The space can be configured to tenant specifications, subject to ownership design and building requirements.

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

Location

308 Lancaster Ave Ardmore, PA 19003
Ardmore metro Census 205501 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2006
4 recorded transactions
2016
Price N/A
2006
Price N/A
2006
Price N/A
1998
Price N/A

Zoning & alternative use

C1 · Ardmore, PA
Top alternative use upside
Retail stores $14.6M +64.6%
Commercial (general) $9.7M +8.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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