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Property profile & analytics
OFF-MARKET
Estimated value
$6,775,000
Auto shops
593 Lancaster Ave Malvern, PA 19355-1815
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-3091886
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1999
Total area
39,068 SF
Lot
6.6 ac (287,496 SF)
Zoning code
C3
APN
4203 01850100
UPID
US73-3091886
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
by Request
Comparable Approach
Comparable
$6.29M
Blend (final)
Blend
$6.78M
Owner & transaction history
Spruce Ew Realty LP · 13 yrs held
Spruce Ew Realty LP
since 2013
3 recorded transactions
Zoning & alternative use
C3 · Malvern, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.9M
+6.8%
Restaurant
$8.5M
+1.3%
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 Malvern submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malvern 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
AUTO REPAIR, GARAGE
$8,345,000
Current use
COMMERCIAL (GENERAL)
$8,915,000
Change: +7% · Conversion: Moderate
RESTAURANT
$8,450,000
Change: +1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,415,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$6,995,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$6.78M
Range $6.10M – $7.45M · ±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
$173 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$130,637
Tax year 2024
Assessed value
$4,558,800
Assessed 2024
Previous assessed
$4,558,800
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$1,190,060
Assessed improvement
$3,368,740
Land market value
$1,190,060
Improvement market value
$3,713,330
Total market value
$4,903,390
Applied tax rate
42.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Total area
39,068 SF
Lot
6.6 ac (287,496 SF)
Zoning code
C3
APN
4203 01850100
UPID
US73-3091886
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C3 · Malvern, PA
Zoning C3 · permitted uses
C3 · Malvern, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Malvern. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$8.9M
RESTAURANT
Est. value
$8.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.0M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1999
Heating
FORCED AIR
Cooling
Yes
Lot
6.6 ac
Current owner
From public records · entity-resolved
Spruce Ew Realty LP
Entity
Mailing address
527 N EASTON RD, GLENSIDE, PA 19038-5017
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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 17, 2013
—
Spruce Ew Realty LP
—
Grant Deed
related
$3,317,000 · Toyota Motor Credit Corp
Feb 21, 2013
$7,925,000
Spruce Ew Realty LP
Endurance LP
Grant Deed
$7,132,000 · Toyota Motor Credit Corp
Apr 1, 2004
—
Edurance LP
—
Deed Of Trust
related
$1,650,000 · Standard Insurance Co
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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