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Property profile & analytics
FOR SALE
Warehouses
449 E Lafayette St, Norristown, PA 19401
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-5807525
For Sale
1 / 2
$1,325,000
449 E Lafayette St, Norristown, PA 19401
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1900
Total area
7,854 SF
Lot
0.12 ac (5,168 SF)
Zoning code
NC
APN
13-00-19256-00-9
UPID
US73-5807525
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
-
G & H Service Company Computer & Electronic Repair
-
Mike Lemon Casting Theater & Performing Art Venue Music Venue
-
Blu Bear Studios Film Production
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lafayette Phoenix LLC · 5 yrs held
Lafayette Phoenix LLC
since 2021
Last sale
$430,000
7 recorded transactions
Zoning & alternative use
NC · Norristown, 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 Norristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norristown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,794
Tax year 2023
Assessed value
$175,840
Assessed 2024
Previous assessed
$175,840
+0.0% YoY
Effective rate
6.14%
On assessed value
Assessed land
$34,200
Assessed improvement
$141,640
Land market value
$34,200
Improvement market value
$141,640
Total market value
$175,840
Applied tax rate
13.0000
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
For Sale
Year built
1900
Heating
FORCED AIR
Cooling
CENTRAL
Total area
7,854 SF
Lot
0.12 ac (5,168 SF)
Zoning code
NC
APN
13-00-19256-00-9
UPID
US73-5807525
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
NC · Norristown, PA
Zoning NC · permitted uses
NC · Norristown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norristown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
FORCED AIR
Cooling
Yes
Lot
0.12 ac
Current owner
From public records · entity-resolved
Lafayette Phoenix LLC
Entity
Mailing address
419 S 2ND ST STE #307, PHILADELPHIA, PA 19147-1626
Ownership since
2021
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
Jul 6, 2022
—
Lafayette Phoenix LLC
—
Deed
related
$1,105,000 · Wilmington Savings Fund Society Fsb
Jun 3, 2021
$430,000
Lafayette Phoenix LLC
Trip Jacks LLC
Deed
$360,000 · Wilmington Savings Fund Societ
Nov 15, 2016
—
Trip Jacks LLC
—
Deed
related
$495,000 · Dnb First NA
—
—
Trip Jacks LLC
—
Deed Of Trust
related
$285,000 · National Penn Bank
—
—
1031 Venuti Exchange Svcs LLC
—
Deed Of Trust
related
$320,000 · National Penn Bank
—
—
Trip Jacks LLC
—
Deed Of Trust
related
$125,000 · National Penn Bank
—
—
Trip Jacks LLC
—
Deed Of Trust
related
$495,000 · Dnb First NA
—
—
Trip Jacks LLC
—
Deed Of Trust
related
$269,600 · National Penn Bank
—
—
Trip Jacks LLC
—
Deed Of Trust
related
$70,400 · National Penn Bank
—
—
Charles J Gallagher
—
Deed Of Trust
related
$345,000 · Individual
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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