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Property profile & analytics
OFF-MARKET
Estimated value
$16,850,000
High-rise multifamily apartments
50 Penn St, Hatboro, PA 19040-3246
Individually Owned
16-yr Hold
Free & Clear
Property ID
US73-5888963
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1963
Total area
125,387 SF
Lot
4.1 ac (178,596 SF)
Zoning code
RC2
APN
08-00-04930-00-3
UPID
US73-5888963
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
-
Galinski Tillman Zygmont CPA Tax Preparation
-
Garner House Apartments Apartment Building
-
Dr. Shelly M. Greene, DDS Dental Office
-
Thales Llc Medical Supply Store
-
Heartsville Professional Village Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.85M
Owner & transaction history
Cellco Ptshp · 16 yrs held
Cellco Ptshp
since 2010
5 recorded transactions
Zoning & alternative use
RC2 · Hatboro, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$20.5M
+17.7%
Medical building
$19.8M
+13.4%
Restaurant
$17.6M
+1.0%
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 Hatboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hatboro 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$17,430,000
Current use
OFFICE BUILDING
$20,515,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$19,765,000
Change: +13% · Conversion: Moderate
RESTAURANT
$17,600,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$16,345,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$14,020,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$16.85M
Range $15.17M – $18.54M · ±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
$134 / 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
$298,393
Tax year 2023
Assessed value
$6,158,000
Assessed 2024
Previous assessed
$4,312,500
+42.8% YoY
Effective rate
4.85%
On assessed value
Total market value
$6,158,000
Applied tax rate
8.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1963
Heating
HEAT PUMP
Cooling
NONE
Units
98
Total area
125,387 SF
Lot
4.1 ac (178,596 SF)
Zoning code
RC2
APN
08-00-04930-00-3
UPID
US73-5888963
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RC2 · Hatboro, PA
Zoning RC2 · permitted uses
RC2 · Hatboro, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hatboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$17.4M
OFFICE BUILDING
Est. value
$20.5M
MEDICAL BUILDING
Est. value
$19.8M
RESTAURANT
Est. value
$17.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.3M
INDUSTRIAL (GENERAL)
Est. value
$14.0M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1963
Heating
HEAT PUMP
Cooling
Yes
Units
98
Lot
4.1 ac
Current owner
From public records · entity-resolved
Cellco Ptshp
Individual
Free & Clear · 16 yrs held
Mailing address
PO BOX 986, LAKEWOOD, NJ 08701-0986
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
Apr 5, 2023
—
Garner House 2008 LP
—
Deed
related
$18,850,000 · Jll Real Estate Capital LLC
Sep 27, 2018
—
Garner House 2008 LP
—
Grant Deed
related
$13,586,000 · Jones Lang Lasalle Multifamily
Apr 15, 2010
—
Cellco Ptshp
Cellco Ptshp
Quit Claim Deed
related
—
Jan 25, 2008
$8,500,000
House 2008 Garner
Gsa Corp
Grant Deed
$6,800,000 · Sovereign Bank
Nov 5, 2003
—
American Cellular Ne Twork Cor
Gsa Corp
Grant Deed
related
—
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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