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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Apartment buildings
444 Walnut St Lansdale, PA 19446-2437
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1258004
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1955
Total area
22,873 SF
Lot
1 ac (43,604 SF)
Zoning code
RC
APN
11-00-18096-00-1
UPID
US73-1258004
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
by Request
Comparable Approach
Comparable
$986k
Blend (final)
Blend
$1.55M
Owner & transaction history
Madison Ave Apartments Owner LLC · 4 yrs held
Madison Ave Apartments Owner LLC
since 2022
Last sale
$1.5M
2 recorded transactions
Zoning & alternative use
RC · Lansdale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the intent of this zone to provide well-designed residential land uses and uses accessory to the same to maintain and enhance the residential environment of neighborhoods, promoting uniformity of sizes and densities. The development includes single and two family dwellings along with mobile home parks
Zone name
Residential C
General category
RESIDENTIAL
Zone area
234.34 ac
Source
Realmo
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
$1,545,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,560,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.49M (May 4 2022)
Last sale anchor
$1.49M
May 4 2022
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
$68 / 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
$28,061
Tax year 2023
Assessed value
$667,100
Assessed 2024
Previous assessed
$667,100
+0.0% YoY
Effective rate
4.21%
On assessed value
Total market value
$667,100
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1955
Heating
HOT WATER
Cooling
NONE
Units
14
Total area
22,873 SF
Lot
1 ac (43,604 SF)
Zoning code
RC
APN
11-00-18096-00-1
UPID
US73-1258004
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RC · Lansdale, PAZoning RC · permitted uses
RC · Lansdale, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the intent of this zone to provide well-designed residential land uses and uses accessory to the same to maintain and enhance the residential environment of neighborhoods, promoting uniformity of sizes and densities. The development includes single and two family dwellings along with mobile home parks
Zone name
Residential C
General category
RESIDENTIAL
Zone area
234.34 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$2.6M
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
1955
Heating
HOT WATER
Cooling
Yes
Units
14
Lot
1 ac
Current owner
From public records · entity-resolved
Madison Ave Apartments Owner LLC
Entity
Mailing address
444 WALNUT ST, LANSDALE, PA 19446-2437
Ownership since
2022
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
May 4, 2022
$1,494,304
Madison Ave Apartments Owner LLC
Deni Realty LLC
Special Warranty Deed
$5,328,000 · Harleysville Bank
Jan 6, 2017
$1,233,000
Deni Realty LLC
Marchese John
Grant Deed
$1,000,000 · Cbre Cap Markets
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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