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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Super regional malls
490 Lancaster Ave Malvern, PA 19355-1833
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-2131542
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1977
Total area
38,010 SF
Lot
3.28 ac (142,877 SF)
Zoning code
R1
APN
4203 02370100
UPID
US73-2131542
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
$870k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$738k
Blend (final)
Blend
$805k
Owner & transaction history
Arch Frazer LLC · 7 yrs held
Arch Frazer LLC
since 2019
7 recorded transactions
Zoning & alternative use
R1 · Malvern, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.3M
+17.3%
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 Malvern submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malvern 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
$870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,130,000
Current use
INDUSTRIAL (GENERAL)
$1,330,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±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
$21 / 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
$71,411
Tax year 2024
Assessed value
$2,492,000
Assessed 2024
Previous assessed
$2,492,000
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$607,750
Assessed improvement
$1,884,250
Land market value
$607,750
Improvement market value
$1,950,400
Total market value
$2,558,150
Applied tax rate
42.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Cooling
WINDOW A/C
Buildings
2
Total area
38,010 SF
Lot
3.28 ac (142,877 SF)
Zoning code
R1
APN
4203 02370100
UPID
US73-2131542
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R1 · Malvern, PA
Zoning R1 · permitted uses
R1 · Malvern, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Malvern. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1977
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
3.28 ac
Current owner
From public records · entity-resolved
Arch Frazer LLC
Entity
Mailing address
491 YORK RD STE #200, JENKINTOWN, PA 19046-2737
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2023
—
Arch Frazer LLC
—
Deed
related
$250,000 · Tompkins Trust Co
Jul 10, 2019
$5,506,000
Arch Frazer LLC
480 490 Lancaster Avenue LLC
Special Warranty Deed
$4,129,500 · Vist Financial
May 10, 2019
—
Lancaster Avenue LLC
—
Deed
related
$4,480,000 · Bryn Mawr Tr
Dec 13, 2018
—
480-490 Lancaster Avenue LLC
Sheriff/ Chester County|frazer Shopping Ctr Invtrs
Trustees Deed
related
—
Jul 18, 2007
$9,300,000
Frazer Shopping Center Invtrs
Metropol Properties
Grant Deed
$7,600,000 · J P Morgan Chase Bank
Apr 26, 2005
—
Metropol Properties
Metropol Properties
Quit Claim Deed
—
Jan 11, 2005
—
Metropol
Metropol
Quit Claim Deed
—
—
—
Lancaster Avenue LLC
—
Deed Of Trust
related
$4,480,000 · Bryn Mawr Tr
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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