Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$18,085,000
Strip malls
401 Broad St 581 Lansdale, PA 19446-3703
Entity Owned
~
Est. High Equity
Property ID
US73-0087578
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1960
Total area
114,369 SF
Lot
11.28 ac (491,357 SF)
Zoning code
B
APN
11-00-00880-00-9
UPID
US73-0087578
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
-
Manhattan Bagel Take-out & Catering Catering Service
-
Catering by Manhattan Take-out & Catering Catering Service
-
Catering by Manhattan Bagel Lansdale Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.17M
Blend (final)
Blend
$18.09M
Owner & transaction history
Grocery Outlet INC
Grocery Outlet INC
since 2026
Last sale
$19.5M
7 recorded transactions
Zoning & alternative use
B · Lansdale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$18.7M
+25.5%
Medical building
$18.0M
+20.9%
Restaurant
$16.1M
+7.7%
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
$21,165,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$14,905,000
Current use
OFFICE BUILDING
$18,715,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$18,025,000
Change: +21% · Conversion: Difficult
RESTAURANT
$16,055,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,895,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$12,790,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$18.09M
Range $16.28M – $19.89M · ±10% · vs last sale $19.50M (Apr 19 2023)
Last sale anchor
$19.50M
Apr 19 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
$158 / 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
$237,019
Tax year 2023
Assessed value
$5,634,630
Assessed 2024
Previous assessed
$5,634,630
+0.0% YoY
Effective rate
4.21%
On assessed value
Total market value
$5,634,630
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
114,369 SF
Lot
11.28 ac (491,357 SF)
Zoning code
B
APN
11-00-00880-00-9
UPID
US73-0087578
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
B · Lansdale, PA
Zoning B · permitted uses
B · Lansdale, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lansdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$14.9M
OFFICE BUILDING
Est. value
$18.7M
MEDICAL BUILDING
Est. value
$18.0M
RESTAURANT
Est. value
$16.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.9M
INDUSTRIAL (GENERAL)
Est. value
$12.8M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1960
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
11.28 ac
Current owner
From public records · entity-resolved
Grocery Outlet INC
Entity
Mailing address
1138 BALTIMORE PIKE, SPRINGFIELD, PA 19064-2850
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2026
—
Grocery Outlet INC
Sim Zim Associates LP
Deed
—
Jul 6, 2023
—
Sim Zim Associates LP
—
Deed
related
$13,650,000 · Northwest Bank
Apr 19, 2023
$19,500,000
Sim Zim Associates LP
Lansdale Bar LP
Special Warranty Deed
$14,000,000 · Lansdale Bar LP
Aug 4, 2021
—
Lansdale Bar LP
—
Deed
related
$3,940,000 · M & T Bank
May 3, 2018
$10,190,000
Lansdale Bar LP
401-611 S Broad Street Hldgs L
Grant Deed
$11,047,500 · Manufacturers & Traders Tr
Jan 26, 2016
$1,624
401-611 South Broad Street Hol
Marshall Of Montgomery County|jgkm Associates LLC
Trustees Deed
—
Dec 15, 2010
—
Jgkm Associates LLC
—
Deed Of Trust
related
$31,931,946 · Gs Mtg Secs Corp II #2007-gg10
Aug 19, 2005
—
Jgkm Associates LLC
—
Deed Of Trust
related
$19,913,475 · Firstrust Bank
Jul 13, 2005
—
Jgkm Associates LLC
Owner,record
Grant Deed
related
—
Sep 2, 2004
$4,000,000
Jgkm Associates LLC
Eg & G Realty INC
Grant Deed
—
Feb 20, 2004
—
Bk NA Lasalle
Bear Stearns Fund,c
Grant Deed
related
—
—
—
E G & G Realty INC
—
Deed Of Trust
related
$3,140,000 · Bear Stearns Funding INC
—
—
E G & G Realty INC
—
Deed Of Trust
related
$27,000 · Aptcar Management INC
—
—
Stearns Fund C Bear
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 401 Broad St, Unit 581?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
