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Property profile & analytics
OFF-MARKET
Estimated value
$19,955,000
Apartment buildings
412 Ardsley Pl Glenmoore, PA 19343-2674
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-4090787
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2008
Total area
154,056 SF
Lot
20.82 ac (906,963 SF)
Zoning code
R2
APN
2506 00010200
UPID
US73-4090787
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.96M
Owner & transaction history
Flt Stone Rise Merced LLC · 7 yrs held
Flt Stone Rise Merced LLC
since 2018
4 recorded transactions
Zoning & alternative use
R2 · Glenmoore, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$32.9M
+12.6%
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 Glenmoore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glenmoore 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%
$27,840,000
6.5%
$25,700,000
7%
$23,865,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$29,245,000
Current use
AUTO REPAIR, GARAGE
$32,915,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$28,640,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$19.96M
Range $17.96M – $21.95M · ±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
$130 / 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
$620,303
Tax year 2024
Assessed value
$15,068,800
Assessed 2024
Previous assessed
$15,068,800
+0.0% YoY
Effective rate
4.12%
On assessed value
Assessed land
$595,530
Assessed improvement
$14,473,270
Land market value
$595,530
Improvement market value
$15,073,590
Total market value
$15,669,120
Applied tax rate
25.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2008
Heating
HOT WATER
Cooling
CENTRAL
Buildings
223
Units
104
Total area
154,056 SF
Lot
20.82 ac (906,963 SF)
Zoning code
R2
APN
2506 00010200
UPID
US73-4090787
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Glenmoore, PAZoning R2 · permitted uses
R2 · Glenmoore, 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$29.2M
AUTO REPAIR, GARAGE
Est. value
$32.9M
OFFICE BUILDING
Est. value
$28.6M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2008
Heating
HOT WATER
Cooling
Yes
Buildings
223
Units
104
Lot
20.82 ac
Current owner
From public records · entity-resolved
Flt Stone Rise Merced LLC
Entity
Mailing address
6191 N STATE HWY 161ST STE #100, IRVING, TX 75038-2290
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2018
$42,500,000
Flt Stone Rise Merced LLC
Stone Rise Apartments LLC
Deed
related
$31,707,000 · Berkadia Commercial Mortgage LLC
May 21, 2007
$8,000,000
Oxford Rise Jv LLC
Amc Delancey Griffith Partners LP
Deed
$29,828,000 · Wachovia Bank NA
—
—
Stone Rise Apartments LLC
—
Deed Of Trust
related
$19,500,000 · Jones Lang Lasalle Operations
—
—
Stone Rise Apartments LLC
—
Deed Of Trust
related
$25,187,000 · Jones Lang Lasalle Operations
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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