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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Investment properties
369 Rdg Pike Limerick, PA 19468-1750
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-0046809
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Total area
5,690 SF
Lot
1.18 ac (51,227 SF)
Zoning code
VC
APN
37-00-04147-00-1
UPID
US73-0046809
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
-
Kings Ink Tattoo & Piercing Shop
-
Hardline tattoo studio Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$553k
Blend (final)
Blend
$535k
Owner & transaction history
Karan Verma · 10 yrs held
Karan Verma
since 2016
7 recorded transactions
Zoning & alternative use
VC · Limerick, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$800,000
+20.9%
Apartment house (5+ units)
$790,000
+19.7%
Neighborhood: shopping center
$740,000
+12.2%
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 Limerick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Limerick 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$660,000
Current use
RESTAURANT
$800,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$790,000
Change: +20% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$740,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$94 / 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
$6,875
Tax year 2023
Assessed value
$177,810
Assessed 2024
Previous assessed
$177,810
+0.0% YoY
Effective rate
3.87%
On assessed value
Assessed land
$78,190
Assessed improvement
$99,620
Land market value
$78,190
Improvement market value
$99,620
Total market value
$177,810
Applied tax rate
37.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1910
Heating
NONE
Cooling
NONE
Stories
2
Rooms
4
Bathrooms
1
Total area
5,690 SF
Lot
1.18 ac (51,227 SF)
Zoning code
VC
APN
37-00-04147-00-1
UPID
US73-0046809
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
VC · Limerick, PAZoning VC · permitted uses
VC · Limerick, 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
COMMERCIAL (GENERAL) Current
Est. value
$660,000
RESTAURANT
Est. value
$800,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$740,000
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1910
Heating
NONE
Cooling
Yes
Stories
2
Rooms
4
Bathrooms
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Karan Verma
Individual
Mailing address
117 N MIDLAND AVE, NORRISTOWN, PA 19403-1285
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2016
$125,000
Karan Verma
Oceanfirst Bk
Grant Deed
—
Mar 4, 2016
$3,072
Oceanfirst Bk
Sheriff Of Montgomery County|limerick Redevelopmen
Trustees Deed
related
—
Jan 7, 2011
—
Victory Bk
Limerick Redevelopment Corp
Grant Deed
related
—
Oct 9, 2007
$500,000
Limerick Redevelopment Auth
Thomas B Dempsey
Deed
—
Jun 15, 2001
—
Thomas B Dempsey
Dempsey,thomas B & Mary A
Quit Claim Deed
related
—
—
—
Limerick Redevelopment Corp
—
Deed Of Trust
related
$15,000 · Victory Bank
—
—
Limerick Redevelopment Corp
—
Loan Modification
related
$325,000 · Colonial American Bank
—
—
Limerick Redevelopment Corp
—
Deed Of Trust
related
$285,000 · Victory Bank
—
—
Limerick Redevelopment Corp
—
Deed Of Trust
related
$30,000 · Victory Bank
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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