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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Warehouses
704 Forman Rd Telford, PA 18964-2409
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-1039001
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
16,000 SF
Lot
3.07 ac (133,729 SF)
Zoning code
LI
APN
34-00-01615-70-9
UPID
US73-1039001
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
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.37M
Owner & transaction history
Gehman Holdings LLC · 7 yrs held
Gehman Holdings LLC
since 2018
5 recorded transactions
Zoning & alternative use
LI · Telford, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ct Part 9 Residential-B District Part 10 Planned Mixed Residential District Part 11 I-Institutional Part 12 LPO-Limited Professional Office District Part 13 C-1 Commercial Part 14 C2-Commercial Downtown District Part 15 LI-Light Industrial District Part 16 Wellhead Protection Overlay Exhibits Part 17 Administration Part 18 Zoning Hearing Board § 27-1801. Est…
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
82.02 ac
Source
Part 18 Zoning Hearing Board
Top alternative use upside
Restaurant
$2.2M
+53.1%
Apartment house (5+ units)
$2.2M
+51.6%
Neighborhood: shopping center
$2.1M
+42.2%
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 Telford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Telford 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
WAREHOUSE, STORAGE
$1,465,000
Current use
RESTAURANT
$2,245,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,225,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,085,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±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
$86 / 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
$21,509
Tax year 2023
Assessed value
$535,570
Assessed 2024
Previous assessed
$535,570
+0.0% YoY
Effective rate
4.02%
On assessed value
Assessed land
$102,800
Assessed improvement
$432,770
Land market value
$102,800
Improvement market value
$432,770
Total market value
$535,570
Applied tax rate
34.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
CENTRAL
Total area
16,000 SF
Lot
3.07 ac (133,729 SF)
Zoning code
LI
APN
34-00-01615-70-9
UPID
US73-1039001
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LI · Telford, PAZoning LI · permitted uses
LI · Telford, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ct Part 9 Residential-B District Part 10 Planned Mixed Residential District Part 11 I-Institutional Part 12 LPO-Limited Professional Office District Part 13 C-1 Commercial Part 14 C2-Commercial Downtown District Part 15 LI-Light Industrial District Part 16 Wellhead Protection Overlay Exhibits Part 17 Administration Part 18 Zoning Hearing Board § 27-1801. Establishment of Zoning Hearing Board. § 27-1802. Appointments. § 27-1803. Alternate
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
82.02 ac
Source
Part 18 Zoning Hearing Board
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
WAREHOUSE, STORAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1990
Heating
FORCED AIR
Cooling
Yes
Lot
3.07 ac
Current owner
From public records · entity-resolved
Gehman Holdings LLC
Entity
Mailing address
556 PIONEER CIR, HARLEYSVILLE, PA 19438-1727
Ownership since
2018
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
Oct 30, 2018
$1,275,000
Gehman Holdings LLC
Finore,carmen G & Judith G
Grant Deed
related
$1,124,000 · Harleysville Bk
—
—
Carmen F Finor
—
Deed Of Trust
related
$100,000 · Harleysville Nat'l Bank & Trus
—
—
Carmen C Finore
—
Deed Of Trust
related
$515,000 · Harleysville Nat'l Bank & Trus
—
—
Carmen F Finor
—
Deed Of Trust
related
$100,000 · Harleysville Nat'l Bank & Trus
—
—
Carmen G Finore
—
Deed Of Trust
related
$250,000 · Fulton 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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