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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Community centers
364 Wilmington Pike Glen Mills, PA 19342-1200
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1841566
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Total area
8,784 SF
Lot
5.6 ac (243,936 SF)
APN
04-00-00327-10
UPID
US73-1841566
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
-
Nooddi - Thai Chef Restaurant
-
Brandywine Cleaners (Bike/Boat/Book/etc) Store
-
Springwater Plaza Shopping Center & Mall
-
KICKS Academy of Dance Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$457k
Blend (final)
Blend
$500k
Owner & transaction history
Springwater Center LLC · 7 yrs held
Springwater Center LLC
since 2018
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$825,000
+268.0%
Office building
$765,000
+240.6%
Commercial (general)
$635,000
+184.3%
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 Glen Mills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Mills 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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$825,000
Change: +268% · Conversion: Difficult
OFFICE BUILDING
$765,000
Change: +241% · Conversion: Moderate
COMMERCIAL (GENERAL)
$635,000
Change: +184% · Conversion: Easy
WAREHOUSE, STORAGE
$550,000
Change: +145% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$335,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$57 / 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
$84,643
Tax year 2024
Assessed value
$4,130,190
Assessed 2024
Previous assessed
$4,130,190
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$2,513,350
Assessed improvement
$1,616,840
Total market value
$4,130,190
Applied tax rate
413.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1987
Heating
NONE
Stories
1
Total area
8,784 SF
Lot
5.6 ac (243,936 SF)
APN
04-00-00327-10
UPID
US73-1841566
Jurisdiction
DELAWARE
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
AUTO REPAIR, GARAGE
Est. value
$825,000
OFFICE BUILDING
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$550,000
INDUSTRIAL (GENERAL)
Est. value
$335,000
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1987
Heating
NONE
Stories
1
Lot
5.6 ac
Current owner
From public records · entity-resolved
Springwater Center LLC
Entity
Mailing address
330 KENNETT PIKE STE #207, CHADDS FORD, PA 19317-8238
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Feb 3, 2023
—
Springwater Center LLC
—
Deed
related
$4,200,000 · Applied Bank
Dec 6, 2018
$4,750,000
Springwater Center LLC
Louis Novakis
Deed
$3,562,500 · Applied Bank
Nov 4, 2002
$325,000
Louis Novakis
Novakis,louis & Dimitra
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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