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Property profile & analytics
OFF-MARKET
Estimated value
$2,370,000
Office buildings
638 Montgomery Ave Narberth, PA 19072-2031
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0129578
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1979
Total area
12,032 SF
Lot
0.42 ac (18,171 SF)
Zoning code
C
APN
12-00-02539-00-5
UPID
US73-0129578
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
$3.11M
Comparable Approach
Comparable
$2.49M
Blend (final)
Blend
$2.37M
Owner & transaction history
Pom 632 LLC · 3 yrs held
Pom 632 LLC
since 2023
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
C · Narberth, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.6M
+80.6%
Retail stores
$3.2M
+64.6%
Commercial (general)
$2.7M
+38.3%
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 Narberth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Narberth 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
$2,455,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,365,000
6.5%
$3,105,000
7%
$2,880,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,970,000
Current use
AUTO REPAIR, GARAGE
$3,555,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$3,240,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,725,000
Change: +38% · Conversion: Easy
MEDICAL BUILDING
$1,895,000
Change: -4% · Conversion: Easy
RESTAURANT
$1,690,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,670,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±10% · vs last sale $2.26M (Jun 21 2023)
Last sale anchor
$2.26M
Jun 21 2023
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
$197 / 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
$48,987
Tax year 2023
Assessed value
$1,032,680
Assessed 2024
Previous assessed
$1,032,680
+0.0% YoY
Effective rate
4.74%
On assessed value
Total market value
$1,032,680
Applied tax rate
12.0000
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 buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1979
Heating
HEAT PUMP
Cooling
CENTRAL
Total area
12,032 SF
Lot
0.42 ac (18,171 SF)
Zoning code
C
APN
12-00-02539-00-5
UPID
US73-0129578
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C · Narberth, PA
Zoning C · permitted uses
C · Narberth, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Narberth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$3.6M
RETAIL STORES
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$1.9M
RESTAURANT
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1979
Heating
HEAT PUMP
Cooling
Yes
Lot
0.42 ac
Current owner
From public records · entity-resolved
Pom 632 LLC
Entity
Mailing address
33 ROCK HL RD STE #350, BALA CYNWYD, PA 19004-2055
Ownership since
2023
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 21, 2023
$2,261,710
Pom 632 LLC
Hms Associates Of Narberth LP
Deed
$2,495,000 · Wilmington Savings Fund Society Fsb
Dec 26, 2019
—
Hms Associates Of Narberth LP
—
Deed
related
$1,708,000 · Republic Bk
Nov 5, 2014
$1,765,000
Hms Associates Of Narberth LP
Wp 632 Associates LP
Special Warranty Deed
$1,100,000 · American Bank
Jul 27, 2006
$2,475,000
Wp 632 Associates
Montgomery Avenue Investors
Grant Deed
—
—
—
Hms Associates Of Narberth LP
—
Deed Of Trust
related
$1,708,000 · Republic Bk
—
—
Hms Associates Of Narberth LP
—
Deed Of Trust
related
$1,100,000 · American Bk/bradenton
—
—
Wp 632 Associates
—
Deed Of Trust
related
$1,600,000 · Leesport 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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