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Property profile & analytics
OFF-MARKET
Estimated value
$1,640,000
Office buildings
347 Conestoga Rd Wayne, PA 19087-2547
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1533553
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
6,808 SF
Lot
0.29 ac (12,647 SF)
Zoning code
C1
APN
4311F01720000
UPID
US73-1533553
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
-
Vaughan & Sautter Builders - Awards General Contractor
-
Crimson Review Tutoring Service
-
Vaughan Building Company Construction Company
-
Heckendorn Shiles Architects Interior Design Home Decor Store
-
Vaughan Realty Corporation Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
$1.76M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.64M
Owner & transaction history
Ovb Devon Associates LLC · 4 yrs held
Ovb Devon Associates LLC
since 2022
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
C1 · Wayne, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+2.8%
Auto repair, garage
$1.5M
+1.5%
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 Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne 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
$1,550,000
ML approach
$1,645,000
CAP Approach
CAP Return
Estimation
6%
$1,905,000
6.5%
$1,755,000
7%
$1,630,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,435,000
Current use
RESTAURANT
$1,475,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,455,000
Change: +2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,290,000
Change: -10% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,220,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.64M
Range $1.48M – $1.80M · ±10% · vs last sale $1.63M (Feb 14 2022)
Last sale anchor
$1.63M
Feb 14 2022
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
$241 / 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
$19,181
Tax year 2024
Assessed value
$544,554
Assessed 2024
Previous assessed
$544,554
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$64,640
Assessed improvement
$479,914
Land market value
$64,640
Improvement market value
$487,264
Total market value
$551,904
Applied tax rate
43.0000
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
1984
Heating
FORCED AIR
Cooling
CENTRAL
Total area
6,808 SF
Lot
0.29 ac (12,647 SF)
Zoning code
C1
APN
4311F01720000
UPID
US73-1533553
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Wayne, PA
Zoning C1 · permitted uses
C1 · Wayne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wayne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
Lot
0.29 ac
Current owner
From public records · entity-resolved
Ovb Devon Associates LLC
Entity
Mailing address
347 E CONESTOGA RD, WAYNE, PA 19087-2547
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2022
$1,630,575
Ovb Devon Associates LLC
347 East Conestoga Road Associates
Deed
$1,700,000 · Matthew Heckendorn
Oct 18, 2021
—
347 East Conetoga Road Associates L
347 East Conestoga Road Associates
Intrafamily Transfer
related
—
—
—
347 E Conestoga Road Ass LP
—
Deed Of Trust
related
$205,287 · Bryn Mawr Trust Co
—
—
Conestoga Road Assoc LP East
—
Deed Of Trust
related
$100,000 · Bryn Mawr Trust Co
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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