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Property profile & analytics
OFF-MARKET
Estimated value
$2,060,000
Office buildings
370 Commerce Dr Fort Washington, PA 19034-2619
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-0112115
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1957
Total area
12,500 SF
Lot
1.47 ac (64,077 SF)
Zoning code
LIM
APN
54-00-04411-00-8
UPID
US73-0112115
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
-
Upper Dublin Township Bank Financial Advisor
-
Alliance National Insurance Company Insurance Agency
-
Union One Financial Financial Advisor
-
IES Solutions Employment Agency Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$2.06M
Owner & transaction history
Commerce Drive Realty LLC · 7 yrs held
Commerce Drive Realty LLC
since 2019
7 recorded transactions
Zoning & alternative use
LIM · Fort Washington, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+64.6%
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 Fort Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Washington 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
OFFICE BUILDING
$2,045,000
Current use
RETAIL STORES
$3,365,000
Change: +65% · Conversion: Moderate
MEDICAL BUILDING
$1,970,000
Change: -4% · Conversion: Easy
RESTAURANT
$1,755,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,735,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.06M
Range $1.85M – $2.27M · ±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
$165 / 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
$46,592
Tax year 2023
Assessed value
$955,400
Assessed 2024
Previous assessed
$955,400
+0.0% YoY
Effective rate
4.88%
On assessed value
Total market value
$955,400
Applied tax rate
54.0000
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
1957
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
12,500 SF
Lot
1.47 ac (64,077 SF)
Zoning code
LIM
APN
54-00-04411-00-8
UPID
US73-0112115
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LIM · Fort Washington, PAZoning LIM · permitted uses
LIM · Fort Washington, 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
OFFICE BUILDING Current
Est. value
$2.0M
RETAIL STORES
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$2.0M
RESTAURANT
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1957
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.47 ac
Current owner
From public records · entity-resolved
Commerce Drive Realty LLC
Entity
Mailing address
PO BOX 2117, BALA CYNWYD, PA 19004-6117
Ownership since
2019
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
Feb 25, 2019
$2,255,000
Commerce Drive Realty LLC
Endeavor Realty Management LLC
Grant Deed
$3,382,500 · Wells Fargo Bk
Mar 18, 2009
$1,917,230
Endeavor Realty Mgmnt LLC
370 Commerce Dr LLC
Deed
—
Apr 28, 2004
—
370 Commerce Assocs
Manufacturers & Trustaders Trust
Grant Deed
related
—
Nov 20, 2003
—
Roxborough Manayunk Bk
370 Commerce Assoc
Grant Deed
related
$1,375,000 · Roxborough Manayunk
Dec 26, 1997
$875,000
370 Commerce Associates LP
B R E P IV
Grant Deed
—
Dec 26, 1997
—
Commerce Associates LP
—
Deed Of Trust
related
$1,080,000 · Keystone Bank NA
Dec 4, 1997
$875,000
Harc Group
Northwestern Institute Of Psch
Grant Deed
$1,196,600 · Corestates Bank
—
—
370 Commerce Associates LP
—
Deed Of Trust
related
$170,000 · Keystone National Bank
—
—
370 Commerce Associates LP
—
Deed Of Trust
related
$1,400,000 · Keystone Financial Bank NA
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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