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Property profile & analytics
OFF-MARKET
Estimated value
$5,415,000
Strip malls
55 Cheltenham Ave Cheltenham, PA 19012-1412
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US73-4113532
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1960
Total area
58,354 SF
Lot
3.55 ac (154,638 SF)
Zoning code
C3
APN
31-00-05332-00-1
UPID
US73-4113532
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
-
C & P Rugs Care Carpet Cleaning Service
-
Melrose Shopping Center Shopping Center & Mall
-
Prime Properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.42M
Owner & transaction history
Cjk Dev LLC Lasalle Bk NA · 18 yrs held
Cjk Dev LLC Lasalle Bk NA
since 2008
4 recorded transactions
Zoning & alternative use
C3 · Cheltenham, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.2M
+7.7%
Apartment house (5+ units)
$8.1M
+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 Cheltenham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cheltenham 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
NEIGHBORHOOD: SHOPPING CENTER
$7,605,000
Current use
RESTAURANT
$8,190,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,110,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,525,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$5.42M
Range $4.87M – $5.96M · ±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
$93 / 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
$243,615
Tax year 2023
Assessed value
$3,647,600
Assessed 2024
Previous assessed
$3,647,600
+0.0% YoY
Effective rate
6.68%
On assessed value
Total market value
$3,647,600
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
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
1960
Heating
FORCED AIR
Cooling
NONE
Total area
58,354 SF
Lot
3.55 ac (154,638 SF)
Zoning code
C3
APN
31-00-05332-00-1
UPID
US73-4113532
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C3 · Cheltenham, PA
Zoning C3 · permitted uses
C3 · Cheltenham, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cheltenham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.6M
RESTAURANT
Est. value
$8.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.1M
INDUSTRIAL (GENERAL)
Est. value
$6.5M
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
1960
Heating
FORCED AIR
Cooling
Yes
Lot
3.55 ac
Current owner
From public records · entity-resolved
Cjk Dev LLC Lasalle Bk NA
Entity
Mailing address
PO BOX 176, HAVERFORD, PA 19041-0176
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2008
—
Cjk Dev LLC Lasalle Bk NA
Lasalle Bk NA Trust
Quit Claim Deed
related
—
Mar 12, 2008
$13,250,000
Cjk Dev LLC
Melrose Center Associates
Grant Deed
—
Jul 19, 1999
$4,325,000
Melrose Center Associates LP
Warrens & Kelson Co
Grant Deed
—
—
—
Cjk Dev LLC
—
Deed Of Trust
related
$5,000,000 · Woori America 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.
Try Rey
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