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Property profile & analytics
OFF-MARKET
Estimated value
$17,640,000
Warehouses
480 Norristown Rd, Blue Bell, PA 19422-2363
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US73-0853411
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Total area
153,384 SF
Lot
17.99 ac (783,644 SF)
Zoning code
I
APN
66-00-04711-00-2
UPID
US73-0853411
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
-
American Reading Company Publishing House Printing Service
-
Mid Penn Bank Bank Loan Service
-
Ceridian Corporation Business Management Consultant
-
Bet Investments Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.14M
Comparable Approach
Comparable
$18.85M
Blend (final)
Blend
$17.64M
Owner & transaction history
Bt Blue Bell LLC · 15 yrs held
Bt Blue Bell LLC
since 2010
Last sale
$16.5M
5 recorded transactions
Zoning & alternative use
I · Blue Bell, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$25.1M
+78.5%
Medical building
$24.2M
+71.9%
Restaurant
$21.5M
+53.1%
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 Blue Bell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blue Bell 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
$18,705,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,150,000
6.5%
$24,135,000
7%
$22,415,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,065,000
Current use
OFFICE BUILDING
$25,095,000
Change: +78% · Conversion: Difficult
MEDICAL BUILDING
$24,175,000
Change: +72% · Conversion: Difficult
RESTAURANT
$21,530,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$21,320,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$19,990,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$17.64M
Range $15.88M – $19.40M · ±10% · vs last sale $16.50M (Feb 11 2020)
Last sale anchor
$16.50M
Feb 11 2020
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
$115 / 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
$186,308
Tax year 2023
Assessed value
$5,901,755
Assessed 2024
Previous assessed
$5,901,755
+0.0% YoY
Effective rate
3.16%
On assessed value
Total market value
$5,901,755
Applied tax rate
66.0000
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
1967
Heating
FORCED AIR
Cooling
NONE
Total area
153,384 SF
Lot
17.99 ac (783,644 SF)
Zoning code
I
APN
66-00-04711-00-2
UPID
US73-0853411
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I · Blue Bell, PA
Zoning I · permitted uses
I · Blue Bell, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blue Bell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$14.1M
OFFICE BUILDING
Est. value
$25.1M
MEDICAL BUILDING
Est. value
$24.2M
RESTAURANT
Est. value
$21.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$21.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.0M
WAREHOUSE, STORAGE Current
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
1967
Heating
FORCED AIR
Cooling
Yes
Lot
17.99 ac
Current owner
From public records · entity-resolved
Bt Blue Bell LLC
Entity
Mailing address
480 NORRISTOWN RD, BLUE BELL, PA 19422-2363
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2020
—
480 Hileman Investments LLC
—
Deed
related
$13,940,000 · Pnc Bk
Aug 4, 2010
—
Bt Blue Bell LLC
Bt Blue Bell LP
Quit Claim Deed
related
—
Jul 23, 2010
—
Bt Blue Bell LP
—
Deed Of Trust
related
$14,000,000 · Capital One
Dec 16, 2003
$10
Blue Bell Bt
Yarway Corp
Grant Deed
related
—
—
—
480 Hileman Investments LLC
—
Deed Of Trust
related
$13,940,000 · Pnc Bk
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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