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Property profile & analytics
OFF-MARKET
Estimated value
$11,915,000
Apartment buildings
704 Westridge Gdns Way Phoenixville, PA 19460-3372
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0046428
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1989
Total area
75,776 SF
Lot
13.1 ac (570,636 SF)
Zoning code
MR
APN
1508 02080000
UPID
US73-0046428
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
$12.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.92M
Owner & transaction history
Ag-rp Westridge LLC · 8 yrs held
Ag-rp Westridge LLC
since 2017
4 recorded transactions
Zoning & alternative use
MR · Phoenixville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$19.3M
+34.4%
Auto repair, garage
$16.2M
+12.6%
Commercial (general)
$15.4M
+7.2%
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 Phoenixville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenixville 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%
$13,695,000
6.5%
$12,640,000
7%
$11,740,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$14,385,000
Current use
RESTAURANT
$19,335,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,190,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,415,000
Change: +7% · Conversion: Moderate
OFFICE BUILDING
$13,900,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$11.92M
Range $10.72M – $13.11M · ±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
$157 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$406,484
Tax year 2024
Assessed value
$8,856,000
Assessed 2024
Previous assessed
$5,440,000
+62.8% YoY
Effective rate
4.59%
On assessed value
Assessed land
$410,000
Assessed improvement
$8,446,000
Land market value
$410,000
Improvement market value
$8,621,180
Total market value
$9,031,180
Applied tax rate
15.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1989
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
138
Units
80
Total area
75,776 SF
Lot
13.1 ac (570,636 SF)
Zoning code
MR
APN
1508 02080000
UPID
US73-0046428
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
MR · Phoenixville, PAZoning MR · permitted uses
MR · Phoenixville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$14.4M
RESTAURANT
Est. value
$19.3M
AUTO REPAIR, GARAGE
Est. value
$16.2M
COMMERCIAL (GENERAL)
Est. value
$15.4M
OFFICE BUILDING
Est. value
$13.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1989
Heating
HEAT PUMP
Cooling
Yes
Buildings
138
Units
80
Lot
13.1 ac
Current owner
From public records · entity-resolved
Ag-rp Westridge LLC
Entity
Mailing address
925 W LANCASTER AVE STE #200, BRYN MAWR, PA 19010-3050
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2020
—
Rp Westridge LLC
—
Deed Of Trust
related
$23,440,000 · Jll Real Estate Cap Lc
Sep 5, 2017
$10,281,600
Ag-rp Westridge LLC
Westridge Gardens Apartment As
Grant Deed
$16,425,000 · Oritani Fin
Jan 30, 2007
$16,098,000
Westridge Gardens Apartment
Westridge Associates
Grant Deed
$12,328,207 · Capmark Bank
—
—
Westridge Gardens Apartment As
—
Deed Of Trust
related
$1,260,000 · Berkadia Commercial Mortgage
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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