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Property profile & analytics
OFF-MARKET
Estimated value
$16,005,000
Automotive properties
404 Pennsylvania Ave Fort Washington, PA 19034-3413
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US73-0092749
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2006
Total area
47,093 SF
Lot
3.58 ac (155,945 SF)
Zoning code
CRL
APN
65-00-08740-00-6
UPID
US73-0092749
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
-
Mercedes-Benz of Fort Washington Service Center Auto Repair Shop
-
Mercedes-Benz of Fort Washington Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.65M
Blend (final)
Blend
$16.01M
Owner & transaction history
Ft Washington R Condor · 15 yrs held
Ft Washington R Condor
since 2010
7 recorded transactions
Zoning & alternative use
CRL · Fort Washington, 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 Fort Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Washington 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
AUTO REPAIR, GARAGE
$13,920,000
Current use
RETAIL STORES
$12,680,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$16.01M
Range $14.40M – $17.61M · ±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
$340 / 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
$232,162
Tax year 2023
Assessed value
$7,130,000
Assessed 2024
Previous assessed
$7,130,000
+0.0% YoY
Effective rate
3.26%
On assessed value
Total market value
$7,130,000
Applied tax rate
65.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
CENTRAL
Total area
47,093 SF
Lot
3.58 ac (155,945 SF)
Zoning code
CRL
APN
65-00-08740-00-6
UPID
US73-0092749
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CRL · Fort Washington, PAZoning CRL · permitted uses
CRL · Fort Washington, 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
AUTO REPAIR, GARAGE Current
Est. value
$13.9M
RETAIL STORES
Est. value
$12.7M
AUTO REPAIR, GARAGE Current
RETAIL STORES
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
2006
Heating
FORCED AIR
Cooling
Yes
Lot
3.58 ac
Current owner
From public records · entity-resolved
Ft Washington R Condor
Individual
Mailing address
404 PENNSYLVANIA AVE, FORT WASHINGTON, PA 19034-3413
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2020
—
Pamcpa Real Estate Lllp
—
Deed
related
$9,100,000 · Mercedes Benz Fin'l Svcs USA L
Jul 14, 2017
—
Condor Ft Washington Real Est
—
Grant Deed
related
$31,545,249 · Mercedes-benz Fin'l Svcs USA
Nov 17, 2014
—
Ft Washington R Condor
—
Loan Modification
related
$17,400,000 · Mercedes-benz Fin'l Svcs USA
Oct 4, 2010
$12,261,545
Ft Washington R Condor
Car Con Pafwd LP
Grant Deed
$16,900,000 · Private Individual
May 11, 2007
$12,649,980
Car Con Pafwd
Pr Group II
Grant Deed
—
Jul 12, 2001
$5,300,000
Pr Group II LP
Ott Wildstein Ptshp
Grant Deed
$5,400,000 · Mercedes-benz Credit Corp
Sep 14, 1999
—
Ott Wildstein Partnership
—
Deed Of Trust
related
$3,975,000 · Mercedes-benz Credit Corp
—
—
Ft Washington R Condor
—
Loan Modification
related
$16,794,684 · Mercedes-benz Fin'l Svcs USA
—
—
Condor Ft Washington R/e Lllp
—
Deed Of Trust
related
$15,799,682 · Mercedes-benz Fin'l Svcs USA
—
—
Pamcpa Real Estate Lllp
—
Loan Modification
related
$9,100,000 · Mercedes Benz Fin'l Svcs USA L
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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