Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Warehouses
424 2nd St Chester, PA 19013
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1268316
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1955
Total area
14,924 SF
Lot
0.13 ac (5,704 SF)
APN
49-06-00044-00
UPID
US73-1268316
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
$1.07M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.26M
Owner & transaction history
Dream Ent LLC · 9 yrs held
Dream Ent LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+50.9%
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 Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chester 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%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,100,000
Current use
AUTO REPAIR, GARAGE
$1,660,000
Change: +51% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,040,000
Change: -5% · Conversion: Easy
OFFICE BUILDING
$915,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±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
$84 / 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
$14,433
Tax year 2024
Assessed value
$529,350
Assessed 2024
Previous assessed
$529,350
+0.0% YoY
Effective rate
2.73%
On assessed value
Assessed land
$28,970
Assessed improvement
$500,380
Total market value
$529,350
Applied tax rate
4,901.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Heating
NONE
Cooling
WINDOW A/C
Total area
14,924 SF
Lot
0.13 ac (5,704 SF)
APN
49-06-00044-00
UPID
US73-1268316
Jurisdiction
DELAWARE
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$915,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1955
Heating
NONE
Cooling
Yes
Lot
0.13 ac
Current owner
From public records · entity-resolved
Dream Ent LLC
Entity
Mailing address
4011 WASHINGTON DR, UPPER CHICHESTER, PA 19061-2456
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2018
—
American Wood Design INC
—
Deed
related
$250,000 · Chester Economic Dev Authority
Jun 9, 2017
$565,000
Dream Ent LLC
Bkn Real Estate Associates LP
Grant Deed
$950,000 · Berkshire Bk
Dec 19, 2007
—
Bkn Real Estate Associates
Rogers,mark A & Colleen L
Grant Deed
—
Jun 8, 2001
$225,000
Mark A Rogers
Tappenden,philip
Grant Deed
$200,000 · Delaware County Economic Dev
Nov 20, 2000
$250
Philip Tappenden
Tax Claim Bureau Delaware
Grant Deed
related
—
—
—
American Wood Design INC
—
Deed Of Trust
related
$250,000 · Chester Economic Dev Authority
—
—
Mark A Rogers
—
Deed Of Trust
related
$100,000 · Pnc Bank
—
—
Mark A Rogers
—
Deed Of Trust
related
$400,000 · Pnc Bank
—
—
Mark A Rogers
—
Deed Of Trust
related
$400,000 · Pnc Bank
—
—
Mark A Rogers
—
Deed Of Trust
related
$100,000 · Chester Economic Dev Authority
—
—
Mark A Rogers
—
Deed Of Trust
related
$500,000 · Pnc Bank
—
—
Bkn Real Estate Associates LP
—
Deed Of Trust
related
$1,500,000 · Pnc 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.
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 424 2nd St?
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.
