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Property profile & analytics
OFF-MARKET
Estimated value
$3,075,000
Apartment buildings
49 Devon Park Ct Devon, PA 19333-1494
Entity Owned
~
Est. High Equity
Property ID
US73-0863051
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Total area
19,536 SF
Lot
6.2 ac (270,072 SF)
Zoning code
PBO
APN
5503J00030000
UPID
US73-0863051
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
$3.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.08M
Owner & transaction history
Devon Apartments Owner LLC
Devon Apartments Owner LLC
since 2026
6 recorded transactions
Zoning & alternative use
PBO · Devon, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.5M
+20.2%
Restaurant
$4.2M
+14.0%
Auto repair, garage
$4.2M
+12.6%
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 Devon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Devon 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%
$3,530,000
6.5%
$3,260,000
7%
$3,025,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,710,000
Current use
COMMERCIAL (GENERAL)
$4,455,000
Change: +20% · Conversion: Moderate
RESTAURANT
$4,225,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,175,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$3,630,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$3.08M
Range $2.77M – $3.38M · ±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
$157 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$94,423
Tax year 2024
Assessed value
$2,531,470
Assessed 2024
Previous assessed
$2,531,470
+0.0% YoY
Effective rate
3.73%
On assessed value
Assessed land
$862,490
Assessed improvement
$1,668,980
Land market value
$862,490
Improvement market value
$1,699,610
Total market value
$2,562,100
Applied tax rate
55.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1974
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
70
Units
16
Total area
19,536 SF
Lot
6.2 ac (270,072 SF)
Zoning code
PBO
APN
5503J00030000
UPID
US73-0863051
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
PBO · Devon, PAZoning PBO · permitted uses
PBO · Devon, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$4.5M
RESTAURANT
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1974
Heating
HEAT PUMP
Cooling
Yes
Buildings
70
Units
16
Lot
6.2 ac
Current owner
From public records · entity-resolved
Devon Apartments Owner LLC
Entity
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2026
$13,000,000
Devon Apartments Owner LLC
Devon Park Apartments LP
Special Warranty Deed
related
$12,500,000 · Columbia Bank
Jan 30, 2024
—
Dkr8 LLC
Devon Park Apartments LP
Agreement Of Sale
—
Jul 17, 2020
—
Devon Park Apartments LP
—
Deed
related
$3,300,000 · Arbor Com'l Fndg
Apr 6, 2010
$4,300,002
Devon Park Apartments LP
Joseph E Palmer INC
Deed
$3,300,000 · Arbor Commercial Funding LLC
—
—
Devon Park Apartments LP
—
Deed Of Trust
related
$5,500,000 · Arbor Com'l Fndg I LLC
—
—
Devon Park Apartments LP
—
Deed Of Trust
related
$3,300,000 · Arbor Com'l Fndg
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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