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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Commercial land
322 Washington Ln Jenkintown, PA 19046-3104
Entity Owned
2-yr Hold
Property ID
US73-5640448
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1925
Total area
2,208 SF
Lot
0.19 ac (8,125 SF)
Zoning code
B
APN
10-00-04528-00-7
UPID
US73-5640448
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Jenkintown Commons Limited Partners · 2 yrs held
Jenkintown Commons Limited Partners
since 2024
Last sale
$700,000
6 recorded transactions
Zoning & alternative use
B · Jenkintown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B. Application process. The application process shall be the same as that described in § 181-14 Design Review Process in Article IV Traditional Residential Infill Overlay District. ARTICLE XI
Zone name
Residential
General category
RESIDENTIAL
Zone area
47.58 ac
Top alternative use upside
Auto repair, garage
$655,000
+178.1%
Retail stores
$595,000
+153.4%
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 Jenkintown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jenkintown 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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$655,000
Change: +178% · Conversion: Difficult
RETAIL STORES
$595,000
Change: +153% · Conversion: Easy
Blend value · Realmo final
$700k
Range $641k – $654k · vs last sale $700k (Feb 15 2024)
Last sale anchor
$700k
Feb 15 2024
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
$317 / 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
$4,687
Tax year 2023
Assessed value
$73,210
Assessed 2024
Previous assessed
$176,650
-58.6% YoY
Effective rate
6.40%
On assessed value
Total market value
$73,210
Applied tax rate
10.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1925
Heating
CENTRAL
Stories
3
Rooms
7
Bathrooms
3
Total area
2,208 SF
Lot
0.19 ac (8,125 SF)
Zoning code
B
APN
10-00-04528-00-7
UPID
US73-5640448
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
B · Jenkintown, PAZoning B · permitted uses
B · Jenkintown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
B. Application process. The application process shall be the same as that described in § 181-14 Design Review Process in Article IV Traditional Residential Infill Overlay District. ARTICLE XI
Zone name
Residential
General category
RESIDENTIAL
Zone area
47.58 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$655,000
RETAIL STORES
Est. value
$595,000
AUTO REPAIR, GARAGE
RETAIL STORES
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
1925
Heating
CENTRAL
Stories
3
Rooms
7
Bathrooms
3
Lot
0.19 ac
Current owner
From public records · entity-resolved
Jenkintown Commons Limited Partners
Entity
Mailing address
925 W LANCASTER AVE STE #200, BRYN MAWR, PA 19010-3050
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2024
—
Jenkintown Commons Limited Partners
Jenkintown Commons Limited Partners
Intrafamily Transfer
related
—
Sep 1, 2023
$700,000
Jenkintown Commons Limited Partners
Robert Mcnamara
Deed
$25,000,000 · Wilmington Savings Fund Society Fsb
Jul 13, 2018
$380,000
Robert R Mcnamara
Ruggieri,anthony J & Janet P
Grant Deed
$304,000 · Hatboro Fed'l Svgs
—
—
Ruggieri,anthony J & Janet P
—
Deed Of Trust
related
$100,000 · Citizens Bk/pa
—
—
Anthony J Ruggieri
—
Deed Of Trust
related
$6,600 · Commerce Bank Pennsylvania NA
—
—
Anthony J Ruggieri
—
Deed Of Trust
related
$70,000 · Comnet Mortgage Service INC
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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