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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Strip malls
540 Mt Carmel Ave Glenside, PA 19038-2921
Entity Owned
1-yr Hold
Free & Clear
Property ID
US73-2292933
Property summary
AI-generated overview
Mount Carmel Plaza, located at 540 Mt Carmel Ave in Glenside, Pennsylvania (zip code 19038), offers a fantastic retail opportunity. This commercial property totals 2,250 square feet and currently has 2,250 square feet of vacant space available for lease. The property is configured to accommodate multiple tenants, with spaces ranging from a minimum of 850 square feet to a maximum contiguous space of 1,400 square feet. This presents a unique opportunity for businesses seeking flexible space options in a desirable Glenside location. The address is easily accessible and benefits from high visibility, making it an ideal location for attracting customers. The property is classified as retail and is ready for immediate occupancy. Interested parties are encouraged to inquire about lease terms and availability. The property's convenient location in Glenside, PA offers excellent access to local amenities and a strong customer base. This is a prime opportunity to establish or expand a retail business in a thriving community. The flexible space options allow for customization to suit various business needs. Don't miss this chance to secure your space in this vibrant commercial center.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1975
Total area
15,323 SF
Lot
1.3 ac (56,628 SF)
Zoning code
G
APN
31-00-19738-00-4
UPID
US73-2292933
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
-
Asian Fusion Red House Restaurant
-
Party Center Party Supply Store (Bike/Boat/Book/etc) Store
-
CM SR22 Insurance Group Financial Advisor Insurance Agency
-
Mount Carmel Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.31M
Owner & transaction history
Revive Carmel LLC · 1 yrs held
Revive Carmel LLC
since 2025
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
G · Glenside, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+7.7%
Apartment house (5+ units)
$2.1M
+6.6%
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 Glenside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glenside 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
$1,075,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,995,000
Current use
RESTAURANT
$2,150,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,130,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,715,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±10% · vs last sale $1.30M (Jan 7 2025)
Last sale anchor
$1.30M
Jan 7 2025
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
$85 / 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
$47,653
Tax year 2023
Assessed value
$713,500
Assessed 2024
Previous assessed
$713,500
+0.0% YoY
Effective rate
6.68%
On assessed value
Total market value
$713,500
Applied tax rate
31.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1975
Heating
FORCED AIR
Cooling
CENTRAL
Total area
15,323 SF
Lot
1.3 ac (56,628 SF)
Zoning code
G
APN
31-00-19738-00-4
UPID
US73-2292933
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
G · Glenside, PA
Zoning G · permitted uses
G · Glenside, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glenside. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
RESTAURANT
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1975
Heating
FORCED AIR
Cooling
Yes
Lot
1.3 ac
Current owner
From public records · entity-resolved
Revive Carmel LLC
Entity
Free & Clear · 1 yrs held
Mailing address
113 E ML RD, FLOURTOWN, PA 19031-1628
Ownership since
2025
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
Jan 7, 2025
$1,300,000
Revive Carmel LLC
540 Mount Carmel LLC
Deed
—
Aug 7, 2018
$1,100,000
540 Mount Carmel LLC
Mount Carmel Plz Assocs LP
Grant Deed
related
$880,000 · American Bk
Jan 29, 1998
$1,083,138
Carmel Plaza Assoc Mount
Cvs Glenside Equities
Grant Deed
—
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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