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Property profile & analytics
OFF-MARKET
Estimated value
$2,020,000
Apartment buildings
56 Charlotte St, Pottstown, PA 19464-5905
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-5912441
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2010
Total area
12,720 SF
Lot
0.62 ac (26,864 SF)
Zoning code
RMHD
APN
16-00-04396-00-7
UPID
US73-5912441
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
$2.65M
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$2.02M
Owner & transaction history
56 South Charlotte LLC · 4 yrs held
56 South Charlotte LLC
since 2021
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
RMHD · Pottstown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+17.7%
Medical building
$2.0M
+13.4%
Restaurant
$1.8M
+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 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
$2,195,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,865,000
6.5%
$2,645,000
7%
$2,455,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,770,000
Current use
OFFICE BUILDING
$2,080,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$2,005,000
Change: +13% · Conversion: Moderate
RESTAURANT
$1,785,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,660,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,420,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.02M
Range $1.82M – $2.22M · ±10% · vs last sale $1.70M (Dec 7 2021)
Last sale anchor
$1.70M
Dec 7 2021
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
$159 / 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
$38,072
Tax year 2023
Assessed value
$620,320
Assessed 2024
Previous assessed
$620,320
+0.0% YoY
Effective rate
6.14%
On assessed value
Total market value
$620,320
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Cooling
CENTRAL
Units
8
Total area
12,720 SF
Lot
0.62 ac (26,864 SF)
Zoning code
RMHD
APN
16-00-04396-00-7
UPID
US73-5912441
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RMHD · Pottstown, PA
Zoning RMHD · permitted uses
RMHD · Pottstown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pottstown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
RESTAURANT
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
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
2010
Heating
FORCED AIR
Cooling
Yes
Units
8
Lot
0.62 ac
Current owner
From public records · entity-resolved
56 South Charlotte LLC
Entity
Mailing address
1605 HORSESHOE TRL, PHOENIXVILLE, PA 19460-4603
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2021
$1,700,000
56 South Charlotte LLC
Plum Street Associates LP
Deed
$1,315,000 · Sabal Capital II LLC
Feb 21, 2017
—
Fmrr LLC
—
Grant Deed
related
$3,280,000 · Bryn Mawr Tr
Mar 16, 2010
—
Susquehanna Bk
Plum Street Associates LP
Grant Deed
related
—
Oct 14, 2009
—
Plum Street Associates
Mclaughlin,frank
Grant Deed
—
Sep 15, 2005
$115,000
Frank Mclaughlin
Markofski,henry C & Susan M
Grant Deed
$100,000 · Henry C & Susan M Markofski
Mar 31, 1998
$38,000
Henry C Markofski
Pelusi,anthony D & Margaret T
Grant Deed
—
—
—
Plum Street Associates LP
—
Deed Of Trust
related
$781,000 · Susquehanna Bank
—
—
Fmrr LLC
—
Deed Of Trust
related
$220,000 · Bryn Mawr Tr
—
—
Plum Street Associates LP
—
Deed Of Trust
related
$781,000 · Susquehanna 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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