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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Retail properties & Spaces
429 Lincoln Ave Hatboro, PA 19040-2228
Trust Owned
7-yr Hold
Free & Clear
Property ID
US73-2391208
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1970
Total area
6,930 SF
Lot
0.77 ac (33,711 SF)
Zoning code
HI
APN
08-00-03193-00-3
UPID
US73-2391208
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
-
Steve's Complete Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.17M
Owner & transaction history
Kostick,michael F Trust · 7 yrs held
Kostick,michael F Trust
since 2019
2 recorded transactions
Zoning & alternative use
HI · Hatboro, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.9M
+121.4%
Office building
$1.1M
+34.5%
Medical building
$1.1M
+29.6%
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 Hatboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hatboro 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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$845,000
Current use
RETAIL STORES
$1,865,000
Change: +121% · Conversion: Difficult
OFFICE BUILDING
$1,135,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$1,090,000
Change: +30% · Conversion: Difficult
RESTAURANT
$975,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$965,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$905,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±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
$168 / 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
$20,224
Tax year 2023
Assessed value
$417,360
Assessed 2024
Previous assessed
$417,360
+0.0% YoY
Effective rate
4.85%
On assessed value
Assessed land
$166,100
Assessed improvement
$251,260
Land market value
$166,100
Improvement market value
$251,260
Total market value
$417,360
Applied tax rate
8.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
NONE
Total area
6,930 SF
Lot
0.77 ac (33,711 SF)
Zoning code
HI
APN
08-00-03193-00-3
UPID
US73-2391208
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
HI · Hatboro, PA
Zoning HI · permitted uses
HI · Hatboro, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hatboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$845,000
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$975,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$965,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$905,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
RETAIL STORES
OFFICE BUILDING
MEDICAL 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
1970
Heating
FORCED AIR
Cooling
Yes
Lot
0.77 ac
Current owner
From public records · entity-resolved
Kostick,michael F Trust
Trust
Free & Clear · 7 yrs held
Mailing address
446 HL RD, PERKASIE, PA 18944-4024
Ownership since
2019
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
Feb 26, 2019
—
Kostick,michael F Trust
Michael Kostick
Quit Claim Deed
related
—
Apr 2, 2001
—
Michael F Kostick
Kostick,michael F
Quit Claim 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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