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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Office Spaces
310 Johnson Hwy 5 Norristown, PA 19401-1954
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-4269278
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1969
Total area
18,772 SF
Lot
0.45 ac (19,809 SF)
Zoning code
CR
APN
13-00-23624-12-7
UPID
US73-4269278
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
-
Fast Local Electricians Electrical Service General Contractor
-
Easton Coach Company's Association / Organization
-
Joe's Water Ice & Ice Cream Grocery & Convenience Store Specialty Food Shop
-
Aaron's Rent To Own Interior Design
-
La Sorpresa Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$1.66M
Owner & transaction history
Norristown Centre A LP · 6 yrs held
Norristown Centre A LP
since 2019
7 recorded transactions
Zoning & alternative use
CR · Norristown, 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 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)
$2,710,000
Change: -17% · Conversion: Easy
RESTAURANT
$2,635,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±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
$88 / 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
$42,344
Tax year 2023
Assessed value
$689,850
Assessed 2024
Previous assessed
$689,850
+0.0% YoY
Effective rate
6.14%
On assessed value
Total market value
$689,850
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1969
Heating
FORCED AIR
Cooling
CENTRAL
Total area
18,772 SF
Lot
0.45 ac (19,809 SF)
Zoning code
CR
APN
13-00-23624-12-7
UPID
US73-4269278
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CR · Norristown, PA
Zoning CR · permitted uses
CR · 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)
Est. value
$2.7M
RESTAURANT
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1969
Heating
FORCED AIR
Cooling
Yes
Lot
0.45 ac
Current owner
From public records · entity-resolved
Norristown Centre A LP
Entity
Mailing address
41 UNIVERSITY DR STE #100, NEWTOWN, PA 18940-1873
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Oct 10, 2019
—
Norristown Centre A LP
—
Loan Modification
related
$11,000,000 · Wilmington Svgs Fund Society F
Aug 15, 2019
—
Norristown Centre A LP
—
Grant Deed
related
$1,591,394 · Wilmington Svgs Fund Society F
May 22, 2019
—
Norristown Centre B LP
—
Deed
related
$399,417 · Wilmington Svgs Fund Society F
Feb 14, 2017
—
Norristown Centre B LP
—
Deed
related
$6,000,000 · Wilmington Savings Fund Society Fsb
Jun 30, 2011
—
Johnson LP
—
Deed Of Trust
related
$27,269,817 · Logan Lender LP
—
—
Johnson & Markley Redev LP
—
Deed Of Trust
related
$640,000 · Redevelopment Authority
—
—
Norristown Centre B LP
—
Deed Of Trust
related
$399,417 · Wilmington Svgs Fund Society F
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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