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Property profile & analytics
OFF-MARKET
Estimated value
$10,400,000
Flex space
380 Starr Rd Avondale, PA 19311
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-1141404
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1970
Total area
106,210 SF
Lot
11.7 ac (509,652 SF)
Zoning code
UD
APN
6003 03240000
UPID
US73-1141404
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
$10.56M
CAP Approach
CAP
$12.00M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.40M
Owner & transaction history
Purolite LLC · 3 yrs held
Purolite LLC
since 2023
Last sale
$9.5M
7 recorded transactions
Zoning & alternative use
UD · Avondale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$14.2M
+5.2%
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 Avondale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avondale 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
$10,455,000
ML approach
$10,560,000
CAP Approach
CAP Return
Estimation
6%
$12,995,000
6.5%
$11,995,000
7%
$11,140,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,495,000
Current use
WAREHOUSE, STORAGE
$14,200,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$10.40M
Range $9.36M – $11.44M · ±10% · vs last sale $9.50M (Feb 2 2023)
Last sale anchor
$9.50M
Feb 2 2023
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
$98 / 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
$153,186
Tax year 2024
Assessed value
$3,825,000
Assessed 2024
Previous assessed
$3,825,000
+0.0% YoY
Effective rate
4.00%
On assessed value
Assessed land
$294,000
Assessed improvement
$3,531,000
Land market value
$294,000
Improvement market value
$3,789,150
Total market value
$4,083,150
Applied tax rate
60.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
CENTRAL
Total area
106,210 SF
Lot
11.7 ac (509,652 SF)
Zoning code
UD
APN
6003 03240000
UPID
US73-1141404
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
UD · Avondale, PA
Zoning UD · permitted uses
UD · Avondale, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avondale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$13.5M
WAREHOUSE, STORAGE
Est. value
$14.2M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1970
Heating
FORCED AIR
Cooling
Yes
Lot
11.7 ac
Current owner
From public records · entity-resolved
Purolite LLC
Entity
Mailing address
2201 RENAISSANCE BLVD, KING OF PRUSSIA, PA 19406-2709
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2023
$9,500,000
Purolite LLC
380 Starr Road LP
Special Warranty Deed
—
Jul 11, 2011
—
380 Starr Road LP
—
Deed Of Trust
related
$6,900,000 · First Niagara Bank
Feb 14, 2011
—
380 Starr Road LP
—
Deed Of Trust
related
$5,775,000 · Abington Bank
Feb 22, 2008
$3,750,000
380 Starr Road
41 Properties
Deed Of Trust
$5,000,000 · Abington Bank
Oct 30, 1998
$981,200
41 Properties LLC
Hewlett Packard Co
Grant Deed
$1,092,000 · Wilmington Trust Co
—
—
41 Properties LLC
—
Deed Of Trust
related
$109,362 · Wilmington Trust Co
—
—
41 Properties LLC
—
Deed Of Trust
related
$820,000 · Wilmington Trust Co
—
—
380 Starr Road
—
Deed Of Trust
related
$775,000 · Abington 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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