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Property profile & analytics
OFF-MARKET
Estimated value
$3,665,000
Office buildings
650 Dresher Rd Horsham, PA 19044-2204
Entity Owned
10-yr Hold
Free & Clear
Property ID
US73-5482678
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
29,437 SF
Lot
4.16 ac (181,210 SF)
Zoning code
BC
APN
36-00-03556-00-8
UPID
US73-5482678
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
-
Music Choice Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.04M
Blend (final)
Blend
$3.67M
Owner & transaction history
Brookwood Philadelphia I LLC · 10 yrs held
Brookwood Philadelphia I LLC
since 2015
6 recorded transactions
Zoning & alternative use
BC · Horsham, 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 Horsham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Horsham 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
$4,815,000
Current use
MEDICAL BUILDING
$4,640,000
Change: -4% · Conversion: Easy
RESTAURANT
$4,130,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,090,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.67M
Range $3.30M – $4.03M · ±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
$125 / 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
$65,631
Tax year 2023
Assessed value
$1,669,680
Assessed 2024
Previous assessed
$1,669,680
+0.0% YoY
Effective rate
3.93%
On assessed value
Total market value
$1,669,680
Applied tax rate
36.0000
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
1985
Heating
FORCED AIR
Cooling
CENTRAL
Total area
29,437 SF
Lot
4.16 ac (181,210 SF)
Zoning code
BC
APN
36-00-03556-00-8
UPID
US73-5482678
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
BC · Horsham, PA
Zoning BC · permitted uses
BC · Horsham, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Horsham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$4.6M
RESTAURANT
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
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
1985
Heating
FORCED AIR
Cooling
Yes
Lot
4.16 ac
Current owner
From public records · entity-resolved
Brookwood Philadelphia I LLC
Entity
Free & Clear · 10 yrs held
Mailing address
138 CONANT ST, BEVERLY, MA 01915-1672
Ownership since
2015
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
Sep 11, 2019
—
Brookwood Philadelphia I LLC
—
Deed
related
$408,500 · Jp Morgan Chase Bk
Aug 17, 2015
$3,368,000
Brookwood Philadelphia I LLC
G&i Vi 650 Dresher Fe LLC
Deed
—
Dec 24, 2007
—
G & I Vi 650 Dresher Fe LLC
Brandywine Operating Ptshp
Grant Deed
—
Dec 24, 2007
$38,735,000
G & I Vi 650 Dresher Fe LLC
G & I Vi Invest Interchange
Grant Deed
related
—
Feb 8, 2001
—
Brandywine Operating Ptshp LP
—
Deed Of Trust
related
$88,000,000 · Lasalle Bank NA Trustee
—
—
Brookwood Philadelphia I LLC
—
Deed Of Trust
related
$408,500 · Jp Morgan Chase 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.
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