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Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Garden apartment buildings
502 Ww Ave Jenkintown, PA 19046-2893
Entity Owned
Absentee Owner
Free & Clear
Property ID
US73-1670517
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1964
Total area
16,086 SF
Lot
1.13 ac (49,423 SF)
Zoning code
C
APN
10-00-04756-00-4
UPID
US73-1670517
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.94M
Owner & transaction history
WEST AVENUE INVESTORS
WEST AVENUE INVESTORS
Zoning & alternative use
C · Jenkintown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C-1 Modified Residential District § 181-35. Applicability. In C-1 Residential District, the following regulations shall apply. Additionally, the Design Standards and Design Review Process in §§ 181-13 and 181-14 apply. JENKINTOWN ZONING CODE - AMENDED SEPTEMBER 13, 2010 - 25
Zone name
Residential
General category
RESIDENTIAL
Zone area
28.19 ac
Top alternative use upside
Office building
$2.6M
+17.7%
Medical building
$2.5M
+13.4%
Restaurant
$2.3M
+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 Jenkintown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jenkintown 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)
$2,235,000
Current use
OFFICE BUILDING
$2,630,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$2,535,000
Change: +13% · Conversion: Moderate
RESTAURANT
$2,260,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,095,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,800,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.94M
Range $1.74M – $2.13M · ±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
$120 / 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
$77,477
Tax year 2023
Assessed value
$1,210,460
Assessed 2024
Previous assessed
$1,210,460
+0.0% YoY
Effective rate
6.40%
On assessed value
Assessed land
$176,670
Assessed improvement
$1,033,790
Land market value
$176,670
Improvement market value
$1,033,790
Total market value
$1,210,460
Applied tax rate
10.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1964
Heating
HOT WATER
Cooling
NONE
Units
16
Total area
16,086 SF
Lot
1.13 ac (49,423 SF)
Zoning code
C
APN
10-00-04756-00-4
UPID
US73-1670517
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C · Jenkintown, PAZoning C · permitted uses
C · Jenkintown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C-1 Modified Residential District § 181-35. Applicability. In C-1 Residential District, the following regulations shall apply. Additionally, the Design Standards and Design Review Process in §§ 181-13 and 181-14 apply. JENKINTOWN ZONING CODE - AMENDED SEPTEMBER 13, 2010 - 25
Zone name
Residential
General category
RESIDENTIAL
Zone area
28.19 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.5M
RESTAURANT
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
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
1964
Heating
HOT WATER
Cooling
Yes
Units
16
Lot
1.13 ac
Current owner
From public records · entity-resolved
WEST AVENUE INVESTORS
Individual
Free & Clear · 0 yrs held
Mailing address
2655 PHILMONT AVE STE #100, HUNTINGDON VALLEY, PA 19006-5314
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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