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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Investment properties
609 Harper Ave Jenkintown, PA 19046-3206
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0867311
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1948
Total area
3,854 SF
Lot
0.23 ac (10,100 SF)
Zoning code
C1
APN
10-00-01456-00-1
UPID
US73-0867311
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
$545k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$540k
Blend (final)
Blend
$535k
Owner & transaction history
Carfra LLC · 4 yrs held
Carfra LLC
since 2022
Last sale
$530,000
5 recorded transactions
Zoning & alternative use
C1 · Jenkintown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$630,000
+54.0%
Medical building
$605,000
+48.3%
Neighborhood: shopping center
$500,000
+22.6%
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 Jenkintown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jenkintown 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
$540,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$665,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$410,000
Current use
OFFICE BUILDING
$630,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$605,000
Change: +48% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$500,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$355,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $530k (Jun 6 2022)
Last sale anchor
$530k
Jun 6 2022
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
$139 / 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
$13,438
Tax year 2023
Assessed value
$209,950
Assessed 2024
Previous assessed
$209,950
+0.0% YoY
Effective rate
6.40%
On assessed value
Assessed land
$84,780
Assessed improvement
$125,170
Land market value
$84,780
Improvement market value
$125,170
Total market value
$209,950
Applied tax rate
10.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1948
Heating
FORCED AIR
Cooling
CENTRAL
Total area
3,854 SF
Lot
0.23 ac (10,100 SF)
Zoning code
C1
APN
10-00-01456-00-1
UPID
US73-0867311
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Jenkintown, PA
Zoning C1 · permitted uses
C1 · Jenkintown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jenkintown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$410,000
OFFICE BUILDING
Est. value
$630,000
MEDICAL BUILDING
Est. value
$605,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$500,000
WAREHOUSE, STORAGE
Est. value
$355,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1948
Heating
FORCED AIR
Cooling
Yes
Lot
0.23 ac
Current owner
From public records · entity-resolved
Carfra LLC
Entity
Mailing address
PO BOX 351, ABINGTON, PA 19001-0351
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2022
$530,000
Carfra LLC
E Steven Moriconi
Deed
$397,500 · First Bank
Sep 13, 2010
—
E Steven Moriconi
Moriconi,e Steven
Quit Claim Deed
related
—
Nov 21, 2003
—
Bk Abington
Moriconi,e Steven
Grant Deed
related
$70,000 · Abington Bank
—
—
E Steven Moriconi
—
Deed Of Trust
related
$45,000 · Hatboro Federal Savings
—
—
E Steven Moriconi
—
Deed Of Trust
related
$207,913 · Abington Bank
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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