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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Super regional malls
3233 Lincoln Hwy Thorndale, PA 19372-1012
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US73-3808211
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1984
Total area
18,140 SF
Lot
10 ac (435,600 SF)
Zoning code
C2
APN
3904 01100700
UPID
US73-3808211
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
-
Frankford Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$879k
Blend (final)
Blend
$815k
Owner & transaction history
Thorndale Westlp · 25 yrs held
Thorndale Westlp
since 2001
7 recorded transactions
Zoning & alternative use
C2 · Thorndale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+151.4%
Warehouse, storage
$925,000
+71.6%
Apartment house (5+ units)
$830,000
+53.8%
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 Thorndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thorndale 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
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$540,000
Current use
OFFICE BUILDING
$1,360,000
Change: +151% · Conversion: Moderate
WAREHOUSE, STORAGE
$925,000
Change: +72% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$830,000
Change: +54% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$500,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$45 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$226,336
Tax year 2024
Assessed value
$4,354,450
Assessed 2024
Previous assessed
$4,354,450
+0.0% YoY
Effective rate
5.20%
On assessed value
Assessed land
$1,114,050
Assessed improvement
$3,240,400
Land market value
$1,114,050
Improvement market value
$3,771,150
Total market value
$4,885,200
Applied tax rate
39.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
26
Total area
18,140 SF
Lot
10 ac (435,600 SF)
Zoning code
C2
APN
3904 01100700
UPID
US73-3808211
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Thorndale, PAZoning C2 · permitted uses
C2 · Thorndale, 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$540,000
OFFICE BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$925,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$830,000
INDUSTRIAL (GENERAL)
Est. value
$500,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1984
Heating
FORCED AIR
Cooling
Yes
Buildings
26
Lot
10 ac
Current owner
From public records · entity-resolved
Thorndale Westlp
Individual
Mailing address
309 LANCASTER AVEC3, MALVERN, PA 19355-1889
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2007
—
Thorndale West
—
Deed Of Trust
related
$9,800,000 · Merrill Lynch Mortgage Lending
Aug 7, 2006
—
Thorndale West
—
Deed Of Trust
related
$9,256,000 · Leesport Bank
Jul 30, 2001
$5,025,000
Thorndale Westlp
Rjb Coatesville Investments
Grant Deed
—
Aug 2, 2000
$390,610
Ronald J Bennett
Irvin B Maizlish Trust
Grant Deed
—
Jul 31, 2000
—
100 Investment Co
Coatesville Development Corp
Grant Deed
related
—
—
—
Thorndale West LP
—
Deed Of Trust
related
$8,800,000 · Morgan Stanley Bk
—
—
Thorndale West
—
Deed Of Trust
related
$4,778,664 · Blue Ball National Bank
—
—
Coatesville Development Co
—
Deed Of Trust
related
$3,250,000 · General Electric Capital Assur
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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