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Property profile & analytics
FOR SALE
Hospitals
400 N Broad St Lansdale, PA 19446
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US73-2848539
For Sale
1 / 100
$850,000
400 N Broad St, Lansdale, PA 19446
View Listing →
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1920
Total area
9,852 SF
Lot
0.26 ac (11,500 SF)
Zoning code
BPO
APN
11-00-00740-00-5
UPID
US73-2848539
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
-
Albert Korte, MA Physician Medical Clinic
-
Cope Centers Inc Crisis Center Medical Clinic
-
Dr. Shana S. Clark, MD Physician
-
Merakey Social Service Agency Charitable Organization
-
Dr. Maria E. Pena-Ariet, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.19M
Owner & transaction history
Nhs II Prop LLC · 22 yrs held
Nhs II Prop LLC
since 2003
2 recorded transactions
Zoning & alternative use
BPO · Lansdale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the intent of this zone to provide business or professional offices or studios, banks or similar financial institutions, including savings and loan associations and finance companies
Zone name
Professional Office B
General category
COMMERCIAL
Zone area
20.99 ac
Source
Realmo
Top alternative use upside
Office building
$1.6M
+3.8%
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 Lansdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansdale 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
MEDICAL BUILDING
$1,555,000
Current use
OFFICE BUILDING
$1,610,000
Change: +4% · Conversion: Easy
RESTAURANT
$1,385,000
Change: -11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,370,000
Change: -12% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,285,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$120 / 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
Assessed value
$689,050
Assessed 2024
Previous assessed
$689,050
+0.0% YoY
Assessed land
$137,870
Assessed improvement
$551,180
Land market value
$137,870
Improvement market value
$551,180
Total market value
$689,050
Applied tax rate
11.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
For Sale
Year built
1920
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
11
Bathrooms
1
Total area
9,852 SF
Lot
0.26 ac (11,500 SF)
Zoning code
BPO
APN
11-00-00740-00-5
UPID
US73-2848539
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
BPO · Lansdale, PAZoning BPO · permitted uses
BPO · Lansdale, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the intent of this zone to provide business or professional offices or studios, banks or similar financial institutions, including savings and loan associations and finance companies
Zone name
Professional Office B
General category
COMMERCIAL
Zone area
20.99 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING Current
OFFICE BUILDING
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
1920
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
11
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Nhs II Prop LLC
Entity
Mailing address
906 GERMANTOWN PIKE, LAFAYETTE HILL, PA 19444
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2016
—
Nhs II Properties LLC
—
Deed
related
$15,265,000 · Fox Chase Bank
Sep 2, 2003
$10
Nhs II Prop LLC
Northwestern Humaner INC
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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