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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Office buildings
400 Lancaster Ave Devon, PA 19333-1531
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2082391
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Total area
8,477 SF
Lot
0.48 ac (20,842 SF)
Zoning code
PBO
APN
5502M02080000
UPID
US73-2082391
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
-
Bridgers Schill Wealth Management Group Financial Advisor
-
Philadelphia Integrative Psychiatry Physician
-
Zobel Architects Inc Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.07M
Owner & transaction history
Croyle Road Holdings LLC · 4 yrs held
Croyle Road Holdings LLC
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
PBO · Devon, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.6M
+2.1%
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 Devon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Devon 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
$1,060,000
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,575,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,610,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10% · vs last sale $1.03M (Dec 21 2021)
Last sale anchor
$1.03M
Dec 21 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
$126 / 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
$19,005
Tax year 2024
Assessed value
$509,520
Assessed 2024
Previous assessed
$509,520
+0.0% YoY
Effective rate
3.73%
On assessed value
Assessed land
$101,780
Assessed improvement
$407,740
Land market value
$101,780
Improvement market value
$415,090
Total market value
$516,870
Applied tax rate
55.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1915
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
4
Bathrooms
2
Total area
8,477 SF
Lot
0.48 ac (20,842 SF)
Zoning code
PBO
APN
5502M02080000
UPID
US73-2082391
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
PBO · Devon, PAZoning PBO · permitted uses
PBO · Devon, 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
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
OFFICE BUILDING Current
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
1915
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
4
Bathrooms
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Croyle Road Holdings LLC
Entity
Mailing address
800 AVONDALE RD APT 4P, WALLINGFORD, PA 19086-6667
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2022
$1,025,000
Croyle Road Holdings LLC
Sovereign Realty Group LLC
Correction Deed
related
$250,000 · Fulton Bank NA
Dec 21, 2021
$1,025,000
Croyle Road Holdings LLC
Sovereign Realty Group INC
Deed
$871,250 · Fulton Bank NA
Sep 24, 2002
$273,880
Sovereign Realty Group LLC
Shore,tr
Grant Deed
$776,000 · National Penn Bank
Sep 24, 2002
$546,120
Sovereign Realty Group LLC
Web 23 LLC
Grant Deed
—
Sep 24, 2002
—
Web 23 LLC
Fleshman,william J
Grant Deed
related
—
—
—
Donna M Jankiewicz
—
Deed Of Trust
related
$200,000 · National Penn Bank
—
—
Murray Eight Agency INC
—
Deed Of Trust
related
$500,000 · National Penn 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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