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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Manufacturing properties
504 Chestnut St Pottstown, PA 19464-5620
Entity Owned
10-yr Hold
Free & Clear
Property ID
US73-0985700
Property summary
AI-generated overview
This exceptional 15,430 square foot property, situated on a 0.37-acre lot at the corner of Chestnut and North Washington Streets in Pottstown, PA, presents a unique redevelopment opportunity. Currently designated as an "Old Mill Type" industrial property (Land Use: 3345 Ind), this site is ideally positioned within the Traditional Town Neighborhood Zoning District, making it highly attractive for residential conversion. The borough actively encourages residential development, specifically condos and apartments, addressing a current shortage of rental units in the area. This presents a significant upside for developers seeking to capitalize on this unmet demand. The property's location at 504-512 Chestnut Street (formerly known as 68 N Washington St, a change made by the borough for clarity) offers excellent visibility and accessibility. A successful precedent exists, with a similar warehouse building converted into residential units on Beech and Evans Streets in 2016. This property's size and zoning make it an exceptional investment for developers looking to create a thriving residential community in a desirable Pottstown location. The asking price is $665,000.
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
1920
Total area
14,452 SF
Lot
0.29 ac (12,600 SF)
Zoning code
RHD
APN
16-00-32024-00-9
UPID
US73-0985700
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
-
Schuylkill Valley Pool Services General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$970k
Blend (final)
Blend
$900k
Owner & transaction history
Jdl Property Management LLC · 10 yrs held
Jdl Property Management LLC
since 2015
3 recorded transactions
Zoning & alternative use
RHD · Pottstown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Pottstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pottstown 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
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$62 / 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
$11,877
Tax year 2023
Assessed value
$193,520
Assessed 2024
Previous assessed
$193,520
+0.0% YoY
Effective rate
6.14%
On assessed value
Assessed land
$66,980
Assessed improvement
$126,540
Land market value
$66,980
Improvement market value
$126,540
Total market value
$193,520
Applied tax rate
16.0000
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
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
Off-Market
Year built
1920
Heating
NONE
Cooling
NONE
Stories
3
Rooms
13
Bathrooms
3
Total area
14,452 SF
Lot
0.29 ac (12,600 SF)
Zoning code
RHD
APN
16-00-32024-00-9
UPID
US73-0985700
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RHD · Pottstown, PAZoning RHD · permitted uses
RHD · Pottstown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Cooling
Yes
Stories
3
Rooms
13
Bathrooms
3
Lot
0.29 ac
Current owner
From public records · entity-resolved
Jdl Property Management LLC
Entity
Free & Clear · 10 yrs held
Mailing address
504 CHESTNUT ST, POTTSTOWN, PA 19464-5620
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2015
$11,000
Jdl Property Management LLC
Sheriff Of Montgomery County|lyons,edward
Trustees Deed
related
—
Nov 13, 2012
$4,500
Edward Lyons
Tax Claim Bureau Of Montgomery Cn
Tax Deed
related
—
—
—
Robert Sieracko
—
Deed Of Trust
related
$60,000 · National Penn Bank
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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