Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$13,210,000
Warehouses
53-55 Germantown Pike East Norriton, PA 19401
Entity Owned
5-yr Hold
Free & Clear
Property ID
US73-0631575
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Total area
97,037 SF
Lot
15.13 ac (659,063 SF)
Zoning code
SC
APN
33-00-03343-00-8
UPID
US73-0631575
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
$9.87M
CAP Approach
CAP
$15.27M
Comparable Approach
Comparable
$14.02M
Blend (final)
Blend
$13.21M
Owner & transaction history
53-55 Germantown Partners LLC · 5 yrs held
53-55 Germantown Partners LLC
since 2020
Last sale
$12.8M
3 recorded transactions
Zoning & alternative use
SC · East Norriton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$16.9M
+66.5%
Medical building
$15.3M
+50.7%
Apartment house (5+ units)
$14.0M
+37.9%
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 East Norriton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Norriton 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
$14,510,000
ML approach
$9,865,000
CAP Approach
CAP Return
Estimation
6%
$16,540,000
6.5%
$15,270,000
7%
$14,180,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,150,000
Current use
OFFICE BUILDING
$16,900,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$15,295,000
Change: +51% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,000,000
Change: +38% · Conversion: Difficult
RESTAURANT
$13,620,000
Change: +34% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,650,000
Change: +25% · Conversion: Moderate
Blend value · Realmo final
$13.21M
Range $11.89M – $14.53M · ±10% · vs last sale $12.80M (Dec 29 2020)
Last sale anchor
$12.80M
Dec 29 2020
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
$136 / 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
$262,903
Tax year 2023
Assessed value
$5,580,730
Assessed 2024
Previous assessed
$5,580,730
+0.0% YoY
Effective rate
4.71%
On assessed value
Assessed land
$3,045,050
Assessed improvement
$2,535,680
Land market value
$3,045,050
Improvement market value
$2,535,680
Total market value
$5,580,730
Applied tax rate
33.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Cooling
CENTRAL
Total area
97,037 SF
Lot
15.13 ac (659,063 SF)
Zoning code
SC
APN
33-00-03343-00-8
UPID
US73-0631575
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
SC · East Norriton, PA
Zoning SC · permitted uses
SC · East Norriton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Norriton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$10.2M
OFFICE BUILDING
Est. value
$16.9M
MEDICAL BUILDING
Est. value
$15.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.0M
RESTAURANT
Est. value
$13.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1960
Heating
FORCED AIR
Cooling
Yes
Lot
15.13 ac
Current owner
From public records · entity-resolved
53-55 Germantown Partners LLC
Entity
Free & Clear · 5 yrs held
Mailing address
120 PENNSYLVANIA AVE, MALVERN, PA 19355-2418
Ownership since
2020
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
Jul 26, 2021
—
Germantown Partners LLC
—
Deed
related
$26,939,103 · S & T Bank
Dec 29, 2020
$12,800,000
53-55 Germantown Partners LLC
Norriton Associates LP
Grant Deed
—
Jun 29, 2004
$5,353,000
Norriton Associates LP
Owner,record
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 53-55 Germantown Pike?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
