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Property profile & analytics
OFF-MARKET
Estimated value
$19,840,000
Garden apartment buildings
310 Saw Ml Ln Horsham, PA 19044-1925
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2960568
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1974
Total area
141,532 SF
Lot
21.43 ac (933,491 SF)
Zoning code
R6
APN
36-00-03589-10-1
UPID
US73-2960568
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
-
Dreshertowne Townhomes Apartment Building Townhouse Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.11M
Blend (final)
Blend
$19.84M
Owner & transaction history
Dreshertowne Ptshp LP · 10 yrs held
Dreshertowne Ptshp LP
since 2015
4 recorded transactions
Zoning & alternative use
R6 · Horsham, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$23.2M
+17.7%
Medical building
$22.3M
+13.4%
Restaurant
$19.9M
+1.0%
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 Horsham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Horsham 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)
$19,670,000
Current use
OFFICE BUILDING
$23,155,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$22,310,000
Change: +13% · Conversion: Moderate
RESTAURANT
$19,865,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$18,445,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$15,830,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$19.84M
Range $17.86M – $21.82M · ±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
$140 / 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
$314,464
Tax year 2023
Assessed value
$8,000,000
Assessed 2024
Previous assessed
$8,000,000
+0.0% YoY
Effective rate
3.93%
On assessed value
Total market value
$8,000,000
Applied tax rate
36.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
CENTRAL
Units
43
Total area
141,532 SF
Lot
21.43 ac (933,491 SF)
Zoning code
R6
APN
36-00-03589-10-1
UPID
US73-2960568
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R6 · Horsham, PAZoning R6 · permitted uses
R6 · Horsham, 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$19.7M
OFFICE BUILDING
Est. value
$23.2M
MEDICAL BUILDING
Est. value
$22.3M
RESTAURANT
Est. value
$19.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.4M
INDUSTRIAL (GENERAL)
Est. value
$15.8M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1974
Heating
FORCED AIR
Cooling
Yes
Units
43
Lot
21.43 ac
Current owner
From public records · entity-resolved
Dreshertowne Ptshp LP
Entity
Mailing address
200 DRYDEN RD E STE #2000, DRESHER, PA 19025-1048
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Aug 12, 2015
—
Dreshertowne Ptshp LP
Toll,robert I & Bruce E
Grant Deed
related
—
Dec 13, 2002
—
Dreshertowne Partnership LP
Toll,robert I
Grant Deed
related
—
—
—
Dreshertowne Ptshp LP
—
Deed Of Trust
related
$11,500,000 · Miscellaneous Ins Co
—
—
Dreshertowne Partnership LP
—
Deed Of Trust
related
$7,650,000 · First Colony Life Insurance Co
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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