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Property profile & analytics
OFF-MARKET
Estimated value
$19,885,000
Office Spaces
601 Ofc Ctr Dr Fort Washington, PA 19034-3275
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2881414
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1988
Total area
134,553 SF
Lot
3.08 ac (134,165 SF)
Zoning code
LIM
APN
54-00-12710-02-5
UPID
US73-2881414
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
$22.29M
Blend (final)
Blend
$19.89M
Owner & transaction history
Arep Ft Washington LLC · 11 yrs held
Arep Ft Washington LLC
since 2014
6 recorded transactions
Zoning & alternative use
LIM · Fort Washington, 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 Fort Washington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Washington 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
OFFICE BUILDING
$22,015,000
Current use
MEDICAL BUILDING
$21,210,000
Change: -4% · Conversion: Easy
RESTAURANT
$18,885,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$18,700,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$19.89M
Range $17.90M – $21.87M · ±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
$148 / 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
$450,117
Tax year 2023
Assessed value
$9,230,000
Assessed 2024
Previous assessed
$10,955,250
-15.7% YoY
Effective rate
4.88%
On assessed value
Total market value
$9,230,000
Applied tax rate
54.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
CENTRAL
Total area
134,553 SF
Lot
3.08 ac (134,165 SF)
Zoning code
LIM
APN
54-00-12710-02-5
UPID
US73-2881414
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LIM · Fort Washington, PA
Zoning LIM · permitted uses
LIM · Fort Washington, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Washington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$22.0M
MEDICAL BUILDING
Est. value
$21.2M
RESTAURANT
Est. value
$18.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.7M
OFFICE BUILDING Current
MEDICAL BUILDING
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
Lot
3.08 ac
Current owner
From public records · entity-resolved
Arep Ft Washington LLC
Entity
Mailing address
1205 WESTLAKES DR STE #270, BERWYN, PA 19312-2425
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2017
—
Zca Ft Washington LLC
—
Grant Deed
related
$54,500,000 · Benefit Street Ptrs Cre Fin Ll
Dec 30, 2014
$23,644
Arep Ft Washington LLC
600-601 Office Center Dr Holdi
Grant Deed
—
Aug 5, 2011
$2,690
600-601 Office Center Dr Holdi
Sheriff Of Montgomery County
Trustees Deed
related
—
Jun 15, 2011
$2,690
600-601 Office Center Dr Holdi
Sheriff Of Montgomery County
Trustees Deed
related
—
Mar 5, 2004
—
Br Prop Gp LLC
Br Prop Manager In
Quit Claim Deed
related
$33,300,000 · Deutsche Banc Mort C
—
—
Arep Ft Washington LLC
—
Deed Of Trust
related
$36,418,509 · Citizens Bk/pa
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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