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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Office buildings
601 Dresher Rd Horsham, PA 19044-2202
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0086529
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
43,950 SF
Lot
3.43 ac (149,411 SF)
Zoning code
I2
APN
36-00-11954-08-8
UPID
US73-0086529
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
-
Eastern Revenue, Inc Accounting Firm Loan Service
-
M&T Bank ATM Atm
-
Motobyo Car Dealership
-
USW 10-00086 Association Or Organization
-
BCTGM Local 6 Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.50M
Blend (final)
Blend
$4.00M
Owner & transaction history
601 Dresher Partners LP · 23 yrs held
601 Dresher Partners LP
since 2002
7 recorded transactions
Zoning & alternative use
I2 · Horsham, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Horsham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Horsham 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
RESTAURANT
$6,170,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,110,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±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
$91 / 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
$69,772
Tax year 2023
Assessed value
$1,821,600
Assessed 2024
Previous assessed
$2,525,000
-27.9% YoY
Effective rate
3.83%
On assessed value
Total market value
$1,821,600
Applied tax rate
36.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
8
Bathrooms
1
Total area
43,950 SF
Lot
3.43 ac (149,411 SF)
Zoning code
I2
APN
36-00-11954-08-8
UPID
US73-0086529
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Horsham, PA
Zoning I2 · permitted uses
I2 · Horsham, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Horsham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.1M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1988
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
8
Bathrooms
1
Lot
3.43 ac
Current owner
From public records · entity-resolved
601 Dresher Partners LP
Entity
Mailing address
490 N MAIN ST, PITTSTON, PA 18640-2100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
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
Jun 1, 2017
—
601 Dresher Partners LP
—
Deed
related
$3,500,000 · Bank Of America
Aug 2, 2002
$5,633,350
601 Dresher Partners LP
Witmer Road INC
Grant Deed
—
Aug 13, 1998
—
Witmer Road INC
—
Deed Of Trust
related
$4,100,000 · Bankers United Life Trustee
—
—
Witmer Road INC
—
Deed Of Trust
related
$370,000 · William F Lotz
—
—
601 Dresher Partners
—
Deed Of Trust
related
$3,800,000 · Transamerica Occidental Life
—
—
Witmer Road INC
—
Deed Of Trust
related
$875,000 · Progress Bank
—
—
601 Dresher Partners LP
—
Deed Of Trust
related
$3,500,000 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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