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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Industrial properties
398 Cir Of Progress Dr, Pottstown, PA 19464-3814
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-3042343
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1990
Total area
30,000 SF
Lot
2.02 ac (87,991 SF)
Zoning code
IO
APN
16-00-22842-24-5
UPID
US73-3042343
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
-
Zephyr Athletic Footwear Inc Big Box & Wholesale Store
-
JET'S SOFTBALL ACADEMY, LLC Gym & Fitness Center
-
Hurter Food Distributors Grocery & Convenience Store Food Market
-
Tabernacle Harvest Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$1.93M
Owner & transaction history
Progress Associates LP · 4 yrs held
Progress Associates LP
since 2021
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
IO · Pottstown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Pottstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pottstown 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
$2,220,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±10% · vs last sale $1.72M (Jul 19 2021)
Last sale anchor
$1.72M
Jul 19 2021
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
$64 / 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
$42,176
Tax year 2023
Assessed value
$687,200
Assessed 2024
Previous assessed
$687,200
+0.0% YoY
Effective rate
6.14%
On assessed value
Total market value
$687,200
Applied tax rate
16.0000
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1990
Heating
OTHER
Cooling
NONE
Total area
30,000 SF
Lot
2.02 ac (87,991 SF)
Zoning code
IO
APN
16-00-22842-24-5
UPID
US73-3042343
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
IO · Pottstown, PA
Zoning IO · permitted uses
IO · Pottstown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pottstown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
OTHER
Cooling
Yes
Lot
2.02 ac
Current owner
From public records · entity-resolved
Progress Associates LP
Entity
Mailing address
3050 K ST NW STE #125, WASHINGTON, DC 20007-5122
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2021
$1,721,955
Progress Associates LP
Progress Associates
Special Warranty Deed
$167,844,099 · Canadian Imperial Bank
Jan 31, 2011
—
Gmbc-2 LP
—
Deed Of Trust
related
$84,100,000 · Western National Life Ins Co
—
—
Progress Associates LP
—
Loan Modification
related
$56,500,000 · Capital One Nat'l Assn
—
—
Progress Associates
—
Deed Of Trust
related
$910,000 · Aig Annuity Insurance Co
—
—
Progress Associates LP
—
Deed Of Trust
related
$910,000 · Western National Life Ins 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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