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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Investment properties
313 Germantown Pike Norristown, PA 19403-4227
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0320168
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1850
Total area
4,054 SF
Lot
1.41 ac (61,202 SF)
Zoning code
I
APN
33-00-03283-00-5
UPID
US73-0320168
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
-
Hair Today Boutique Salon Hair Salon
-
Greenberg Interiors Inc. Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$315k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$619k
Blend (final)
Blend
$510k
Owner & transaction history
Lamar Advertising Penn LLC · 3 yrs held
Lamar Advertising Penn LLC
since 2023
7 recorded transactions
Zoning & alternative use
I · Norristown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$705,000
+45.0%
Medical building
$640,000
+31.2%
Neighborhood: shopping center
$530,000
+8.5%
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
$315,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$485,000
Current use
OFFICE BUILDING
$705,000
Change: +45% · Conversion: Easy
MEDICAL BUILDING
$640,000
Change: +31% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$530,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$126 / 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
$11,306
Tax year 2023
Assessed value
$240,000
Assessed 2024
Previous assessed
$240,000
+0.0% YoY
Effective rate
4.71%
On assessed value
Assessed land
$126,820
Assessed improvement
$113,180
Land market value
$126,820
Improvement market value
$113,180
Total market value
$240,000
Applied tax rate
33.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1850
Heating
NONE
Cooling
NONE
Stories
3
Total area
4,054 SF
Lot
1.41 ac (61,202 SF)
Zoning code
I
APN
33-00-03283-00-5
UPID
US73-0320168
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I · Norristown, PA
Zoning I · permitted uses
I · 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
COMMERCIAL (GENERAL) Current
Est. value
$485,000
OFFICE BUILDING
Est. value
$705,000
MEDICAL BUILDING
Est. value
$640,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$530,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1850
Heating
NONE
Cooling
Yes
Stories
3
Lot
1.41 ac
Current owner
From public records · entity-resolved
Lamar Advertising Penn LLC
Entity
Mailing address
813 COLUMBIA AVE, LANSDALE, PA 19446-3311
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jun 21, 2023
—
Lamar Advertising Penn LLC
313 W Germantown Landco LLC
Lease
—
Aug 10, 2018
$65,000
Patrick J Gillen
Phillip Greenberg
Grant Deed
—
Sep 6, 2017
$222,000
Phillip Greenberg
Greenberg,phillip & Donna
Grant Deed
related
—
—
—
Phillip Greenberg
—
Deed Of Trust
related
$112,918 · Pnc Bank
—
—
Phillip Greenberg
—
Deed Of Trust
related
$25,000 · Pnc Bank
—
—
Phillip Greenberg
—
Deed Of Trust
related
$2,190 · Individual
—
—
Phillip Greenberg
—
Deed Of Trust
related
$25,000 · Pnc Bank
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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