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Property profile & analytics
OFF-MARKET
Estimated value
$2,435,000
Office buildings
321 Morris Rd Fort Washington, PA 19034-2003
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-2963410
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Total area
19,678 SF
Lot
3.57 ac (155,509 SF)
Zoning code
B
APN
65-00-08161-00-9
UPID
US73-2963410
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
-
Aikido Kenkyukai International Pennsylvania Training Center Sports School
-
Flow State Yoga Therapy Gym & Fitness Center
-
River of Life Martial Arts & Wellness Center Medical Clinic Alternative Medicine Practice
-
United Public Safety (Bike/Boat/Book/etc) Store Corporate Office
-
Acupuncture and Oriental Medicine Center, LLC Medical Clinic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.29M
Blend (final)
Blend
$2.44M
Owner & transaction history
Richard Robinson · 1 yrs held
Richard Robinson
since 2025
4 recorded transactions
Zoning & alternative use
B · Fort Washington, 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 Fort Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Washington 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
$3,220,000
Current use
MEDICAL BUILDING
$3,100,000
Change: -4% · Conversion: Easy
RESTAURANT
$2,760,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,735,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.44M
Range $2.19M – $2.68M · ±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
$124 / 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
$30,928
Tax year 2023
Assessed value
$949,840
Assessed 2024
Previous assessed
$949,840
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$363,230
Assessed improvement
$586,610
Land market value
$363,230
Improvement market value
$586,610
Total market value
$949,840
Applied tax rate
65.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1967
Heating
HOT WATER
Cooling
NONE
Total area
19,678 SF
Lot
3.57 ac (155,509 SF)
Zoning code
B
APN
65-00-08161-00-9
UPID
US73-2963410
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
B · Fort Washington, PAZoning B · permitted uses
B · Fort Washington, 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
OFFICE BUILDING Current
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.1M
RESTAURANT
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
OFFICE BUILDING Current
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
1967
Heating
HOT WATER
Cooling
Yes
Lot
3.57 ac
Current owner
From public records · entity-resolved
Richard Robinson
Individual
Mailing address
3139 COLONY LN, PLYMOUTH MEETING, PA 19462-1928
Ownership since
2025
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
Jun 13, 2025
—
Richard Robinson
Adele C Beckman Rev Trust
Deed
—
Jun 10, 2005
$900,000
Beckman Adele C Trust
Acquisition Corp
Grant Deed
$720,000 · Abington Bank
Nov 10, 2003
—
Citizens Bk Pa
Ems Acquis Corp
Grant Deed
related
$2,500 · Citizens Bank Pennsylvania
—
—
Ems Acquisition Corp
—
Deed Of Trust
related
$800,000 · Mellon 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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