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Property profile & analytics
OFF-MARKET
Estimated value
$9,960,000
Apartment buildings
601 Lancaster Ave, Berwyn, PA 19312-1643
Entity Owned
7-yr Hold
Free & Clear
Property ID
US73-0963554
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2023
Total area
81,258 SF
Lot
1.7 ac (74,052 SF)
Zoning code
B
APN
5502G00050000
UPID
US73-0963554
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
-
Blueturtle Home Construction Company General Contractor
-
The Fritz Apartments Condominium Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.96M
Owner & transaction history
Dp Fritztown Center LLC · 7 yrs held
Dp Fritztown Center LLC
since 2019
7 recorded transactions
Zoning & alternative use
B · Berwyn, 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 Berwyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berwyn 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%
$14,685,000
6.5%
$13,555,000
7%
$12,585,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$15,425,000
Current use
OFFICE BUILDING
$15,105,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$9.96M
Range $8.96M – $10.96M · ±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
$123 / 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
$267,141
Tax year 2024
Assessed value
$7,162,040
Assessed 2024
Previous assessed
$462,290
+1,449.3% YoY
Effective rate
3.73%
On assessed value
Assessed land
$462,290
Assessed improvement
$6,699,750
Land market value
$462,290
Improvement market value
$6,790,060
Total market value
$7,252,350
Applied tax rate
55.0000
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
2023
Heating
FORCED AIR
Cooling
CENTRAL
Units
67
Total area
81,258 SF
Lot
1.7 ac (74,052 SF)
Zoning code
B
APN
5502G00050000
UPID
US73-0963554
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
B · Berwyn, PA
Zoning B · permitted uses
B · Berwyn, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berwyn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$15.4M
OFFICE BUILDING
Est. value
$15.1M
APARTMENT HOUSE (5+ UNITS) Current
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
2023
Heating
FORCED AIR
Cooling
Yes
Units
67
Lot
1.7 ac
Current owner
From public records · entity-resolved
Dp Fritztown Center LLC
Entity
Free & Clear · 7 yrs held
Mailing address
967 E SWEDESFORD RD STE #400, EXTON, PA 19341-2398
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
—
Dp Fritztown Center LLC
—
Deed
related
$15,800,000 · Ladder Capital Finance LLC
Jun 8, 2023
—
Dp Fritztown Center LLC
—
Deed
related
$400,000 · Meridian Bank
Mar 25, 2022
—
Dp Fritztown Center LLC
—
Deed
related
$400,000 · Meridian Bank
Jan 6, 2021
—
Dp Fritztown Center LLC
—
Deed
related
$14,000,000 · Meridian Bank
Jun 21, 2019
$2,975,000
Dp Fritztown Center LLC
Wwed Dev LP
Grant Deed
—
Jun 21, 2019
$425,000
Dp Fritztown Center LLC
Eadeh Leslie W Trust
Trust Deed
$2,000,000 · Essa Bk&tr
Jun 21, 2019
—
Essa Bk & Trust
Dp Fritztown Center LLC
Grant Deed
related
—
Aug 8, 2016
$2,650,000
Wwed Development LP
William H Fritz
Deed
$3,500,000
Aug 8, 2016
—
Eadeh,leslie W Trust
—
Deed
related
$3,500,000 · Bryn Mawr Tr
Jul 26, 2016
—
Eadeh Family LP
—
Deed
related
$14,887,750 · Bryn Mawr Tr
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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