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Property profile & analytics
OFF-MARKET
Estimated value
$4,785,000
Apartment buildings
333 Lancaster Ave 212 Malvern, PA 19355-1823
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1825998
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Total area
29,812 SF
Lot
23.5 ac (1,023,660 SF)
Zoning code
C3
APN
4204 00870300
UPID
US73-1825998
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
by Request
CAP Approach
CAP
$4.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.79M
Owner & transaction history
Westgate Village Associates LP · 3 yrs held
Westgate Village Associates LP
since 2022
3 recorded transactions
Zoning & alternative use
C3 · Malvern, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
5 - Residential District Article IX R6 - Residential District Article X R7 - Residential District Article XI Reserved Article XII C1 - Commercial District Article XIII C2 - Adaptive Reuse Commercial District Article XIV C3 - Town Center Commercial District Article XV C4 - High Intensity Commercial District Article XVI I1 - Institutional District Article XVII…
Zone name
Commercial 9.0 Acres
General category
COMMERCIAL
Zone area
9.02 ac
Top alternative use upside
Commercial (general)
$6.8M
+20.2%
Restaurant
$6.5M
+14.0%
Auto repair, garage
$6.4M
+12.6%
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 Malvern submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malvern 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%
$5,390,000
6.5%
$4,975,000
7%
$4,620,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,660,000
Current use
COMMERCIAL (GENERAL)
$6,800,000
Change: +20% · Conversion: Moderate
RESTAURANT
$6,450,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,370,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$5,340,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$4.79M
Range $4.31M – $5.26M · ±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
$161 / 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
$437,720
Tax year 2024
Assessed value
$15,275,000
Assessed 2024
Previous assessed
$15,275,000
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$1,932,980
Assessed improvement
$13,342,020
Land market value
$1,932,980
Improvement market value
$13,479,650
Total market value
$15,412,630
Applied tax rate
42.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1974
Heating
HOT WATER
Cooling
WINDOW A/C
Buildings
247
Units
26
Total area
29,812 SF
Lot
23.5 ac (1,023,660 SF)
Zoning code
C3
APN
4204 00870300
UPID
US73-1825998
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C3 · Malvern, PAZoning C3 · permitted uses
C3 · Malvern, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
5 - Residential District Article IX R6 - Residential District Article X R7 - Residential District Article XI Reserved Article XII C1 - Commercial District Article XIII C2 - Adaptive Reuse Commercial District Article XIV C3 - Town Center Commercial District Article XV C4 - High Intensity Commercial District Article XVI I1 - Institutional District Article XVII I2 - Institutional District Article XVIII I3 - Institutional District Article XIX
Zone name
Commercial 9.0 Acres
General category
COMMERCIAL
Zone area
9.02 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$6.8M
RESTAURANT
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$6.4M
OFFICE BUILDING
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
HOT WATER
Cooling
Yes
Buildings
247
Units
26
Lot
23.5 ac
Current owner
From public records · entity-resolved
Westgate Village Associates LP
Entity
Mailing address
222 HADDON AVE STE #100, HADDON TOWNSHIP, NJ 08108-2827
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2022
—
Westgate Village Associates LP
—
Deed
related
$33,817,000 · Bellwether Enterprise Mortgage Inestment
—
—
Westgate Village Associates
—
Deed Of Trust
related
$2,000,000 · Chartermac Mortgage Cap Corp
—
—
Westgate Village Associates LP
—
Deed Of Trust
related
$23,660,000 · Centerline Mortgage Partners
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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