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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Flex space
600 Pne Swamp Rd Elverson, PA 19520-8917
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-4128669
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1900
Total area
8,912 SF
Lot
29.5 ac (1,285,020 SF)
Zoning code
RA
APN
1902 00520000
UPID
US73-4128669
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
$1.01M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$840k
Owner & transaction history
Marc Erlbaum · 8 yrs held
Marc Erlbaum
since 2017
7 recorded transactions
Zoning & alternative use
RA · Elverson, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+5.2%
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 Elverson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elverson 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%
$1,090,000
6.5%
$1,005,000
7%
$935,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,130,000
Current use
WAREHOUSE, STORAGE
$1,190,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$94 / 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
$14,655
Tax year 2024
Assessed value
$375,060
Assessed 2024
Previous assessed
$375,060
+0.0% YoY
Effective rate
3.91%
On assessed value
Assessed land
$135,700
Assessed improvement
$239,360
Land market value
$135,700
Improvement market value
$248,470
Total market value
$384,170
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1900
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Total area
8,912 SF
Lot
29.5 ac (1,285,020 SF)
Zoning code
RA
APN
1902 00520000
UPID
US73-4128669
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RA · Elverson, PA
Zoning RA · permitted uses
RA · Elverson, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elverson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1900
Heating
FORCED AIR
Cooling
Yes
Buildings
3
Lot
29.5 ac
Current owner
From public records · entity-resolved
Marc Erlbaum
Individual
Mailing address
343 SYCAMORE AVE, MERION STATION, PA 19066-1538
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2025
—
Marc Erlbaum
—
Deed
related
$1,970,000 · Wilmington Savings Fund Society Fsb
Sep 18, 2023
—
Marc Erlbaum
—
Deed
related
$1,900,000 · Wilmington Savings Fund Society Fsb
Mar 24, 2023
—
Marc N Erlbaum
—
Deed
related
$459,783 · Eribaum Family Limited Partnership
Jan 16, 2018
—
Marc Erlbaum
—
Deed
related
$506,250 · Beneficial Finance Co
Aug 17, 2017
$640,000
Marc Erlbaum
Bank Of New York Mel 2002-1
Grant Deed
—
Dec 18, 2015
$444,373
Bank Of New York Mellon 2002-1 Tr
Sheriff Of Chester County|flaxenburg,jean S & Eric
Trustees Deed
related
—
—
—
Jean S Flaxenburg
—
Deed Of Trust
related
$50,000 · American Business Mtg Svcs INC
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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