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Property profile & analytics
OFF-MARKET
Office buildings
613 Cheltenham Ave Elkins Park, PA 19027-3205
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0807107
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Total area
11,400 SF
Lot
0.18 ac (7,725 SF)
Zoning code
M3
APN
31-00-05488-00-7
UPID
US73-0807107
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
-
Spiritual Awakening Mission Charitable Organization Volunteer Organization
-
News Korea Publishing House Newspaper & Magazine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
613 W Cheltenham Avenue LLC · 4 yrs held
613 W Cheltenham Avenue LLC
since 2022
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
M3 · Elkins Park, 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 Elkins Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkins Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$23,376
Tax year 2023
Assessed value
$350,000
Assessed 2024
Previous assessed
$350,000
+0.0% YoY
Effective rate
6.68%
On assessed value
Assessed land
$101,030
Assessed improvement
$248,970
Land market value
$101,030
Improvement market value
$248,970
Total market value
$350,000
Applied tax rate
31.0000
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
1950
Heating
HOT WATER
Cooling
NONE
Stories
2
Total area
11,400 SF
Lot
0.18 ac (7,725 SF)
Zoning code
M3
APN
31-00-05488-00-7
UPID
US73-0807107
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
M3 · Elkins Park, PA
Zoning M3 · permitted uses
M3 · Elkins Park, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elkins Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
613 W Cheltenham Avenue LLC
Entity
Mailing address
7608 WOODLAWN AVE, ELKINS PARK, PA 19027-2911
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2022
—
613 W Cheltenham Avenue LLC
—
Deed
related
$350,000 · Vv9 LLC
Apr 8, 2022
$450,000
613 W Cheltenham Avenue LLC
613 Sonada Associates LLC
Deed
$315,000 · Ax Capital LLC
Nov 3, 2014
$452,476
613 Sonada Associates LLC
Sovereign Realty LLC
Deed
$490,000 · Asian Bank
Jul 14, 2009
—
Sovereign Realty LLC
—
Trustees Deed
related
$100,000 · Sang Keun Park
Apr 8, 2004
—
Republic First Bk
Byun,young H
Grant Deed
related
—
Apr 8, 2004
$400,000
Republic First Bk
Byun,young H
Grant Deed
related
—
—
—
Young H Byun
—
Deed Of Trust
related
$250,000 · Sovereign Bank
—
—
Sovereign Realty LLC
—
Deed Of Trust
related
—
—
—
613 Sonada Associates LLC
—
Deed Of Trust
related
$490,000 · Asian Bk
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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