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Property profile & analytics
OFF-MARKET
Estimated value
$3,380,000
Flex space
450 Lenni Rd, Media, PA 19063-1384
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-4048338
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Lot
5.27 ac (229,648 SF)
APN
27-00-01181-00
UPID
US73-4048338
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
$3.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.38M
Owner & transaction history
Westlake Plastics Company · 4 yrs held
Westlake Plastics Company
since 2021
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
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 Media submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Media 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
$3,415,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.38M
Range $3.04M – $3.72M · ±10% · vs last sale $3.35M (Oct 19 2021)
Last sale anchor
$3.35M
Oct 19 2021
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
—
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
$23,711
Tax year 2024
Assessed value
$1,226,450
Assessed 2024
Previous assessed
$1,226,450
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$470,400
Assessed improvement
$756,050
Total market value
$1,226,450
Applied tax rate
2,710.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Heating
NONE
Lot
5.27 ac (229,648 SF)
APN
27-00-01181-00
UPID
US73-4048338
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
Building & site characteristics
From public records
Heating
NONE
Lot
5.27 ac
Current owner
From public records · entity-resolved
Westlake Plastics Company
Entity
Mailing address
490 LENNI RD, LENNI, PA 19052
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
—
Westlake Plastics Company
—
Deed
related
$2,150,794 · Tristate Capital Bank
Oct 19, 2021
$3,347,646
Westlake Plastics Company
Chester Creek Properties LP
Special Warranty Deed
$2,678,116 · Pnc Bank NA
Jul 23, 2021
—
Chester Creek Properties LP
Westlake Real Estate Ls
Intrafamily Transfer
related
—
Dec 31, 2012
$1,267,950
Westlake Real Estate LP
Westlake Investment Co
Grant Deed
—
Dec 31, 2012
—
Westlake Investment Co
—
Loan Modification
related
$6,500,000 · Newstar Business Credit LLC
Mar 18, 2011
—
Westlake Investment Co
—
Deed Of Trust
related
$6,500,000 · Core Business Credit LLC
Mar 19, 2003
—
Westlake Investment Co
—
Deed Of Trust
related
$1,850,000 · Edward F Westlake
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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