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Property profile & analytics
OFF-MARKET
Estimated value
$18,190,000
Office Spaces
681 Shannondell Blvd 7 West Norriton, PA 19403-3403
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US73-2656310
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2005
Total area
112,515 SF
Lot
3.23 ac (140,699 SF)
Zoning code
GC
APN
43-00-03555-09-2
UPID
US73-2656310
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Parking lot Parking Lot & Garage
-
Homewood Suites by Hilton Philadelphia-Valley Forge Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$24.10M
Blend (final)
Blend
$18.19M
Owner & transaction history
Schracks LLC · 22 yrs held
Schracks LLC
since 2004
5 recorded transactions
Zoning & alternative use
GC · West Norriton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$30.3M
+54.6%
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 West Norriton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Norriton 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
$19,595,000
Current use
RETAIL STORES
$30,295,000
Change: +55% · Conversion: Moderate
MEDICAL BUILDING
$17,735,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$16,235,000
Change: -17% · Conversion: Easy
RESTAURANT
$15,795,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$18.19M
Range $16.37M – $20.01M · ±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
$162 / 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
$350,575
Tax year 2023
Assessed value
$8,595,360
Assessed 2024
Previous assessed
$8,595,360
+0.0% YoY
Effective rate
4.08%
On assessed value
Total market value
$8,595,360
Applied tax rate
43.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2005
Heating
OTHER
Cooling
WINDOW A/C
Units
123
Total area
112,515 SF
Lot
3.23 ac (140,699 SF)
Zoning code
GC
APN
43-00-03555-09-2
UPID
US73-2656310
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
GC · West Norriton, PA
Zoning GC · permitted uses
GC · West Norriton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Norriton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$19.6M
RETAIL STORES
Est. value
$30.3M
MEDICAL BUILDING
Est. value
$17.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.2M
RESTAURANT
Est. value
$15.8M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
2005
Heating
OTHER
Cooling
Yes
Units
123
Lot
3.23 ac
Current owner
From public records · entity-resolved
Schracks LLC
Entity
Mailing address
2620 EGYPT RD, NORRISTOWN, PA 19403-2302
Ownership since
2004
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
Feb 8, 2019
—
Schracks INC
—
Grant Deed
related
$15,750,000 · Jp Morgan Chase Bk
Aug 15, 2005
—
Schracks LLC
—
Deed Of Trust
related
$13,000,000 · Hudson United Bank
Jul 12, 2004
$1,149,600
Schracks LLC
Swd 89 LLC
Grant Deed
—
Dec 23, 2003
—
Mercantile-safe Dep & Trust Co
Swd 89 LLC
Grant Deed
$12,000,000 · Mercantile-safe Dep
—
—
Schracks LLC
—
Deed Of Trust
related
$14,000,000 · Pnc 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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