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Property profile & analytics
OFF-MARKET
Estimated value
$4,240,000
Office buildings
705 General Washington Ave West Norriton, PA 19403-3682
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-0013479
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
54,413 SF
Lot
7.61 ac (331,492 SF)
Zoning code
LCI
APN
63-00-02588-05-8
UPID
US73-0013479
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
-
HBK Engineering Engineering Consultant
-
Child Guidance Resource Center Physician Medical Clinic
-
Norristown Garage Door Repair Building Supply General Contractor
-
Spring Health Products, Inc. Corporate Office
-
CatGenie (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.24M
Owner & transaction history
705 Gw Venture LLC · 6 yrs held
705 Gw Venture LLC
since 2019
7 recorded transactions
Zoning & alternative use
LCI · West Norriton, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$78 / 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
$86,779
Tax year 2023
Assessed value
$1,776,200
Assessed 2024
Previous assessed
$1,776,200
+0.0% YoY
Effective rate
4.89%
On assessed value
Total market value
$1,776,200
Applied tax rate
63.0000
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
1984
Heating
OTHER
Cooling
NONE
Total area
54,413 SF
Lot
7.61 ac (331,492 SF)
Zoning code
LCI
APN
63-00-02588-05-8
UPID
US73-0013479
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LCI · West Norriton, PAZoning LCI · permitted uses
LCI · West Norriton, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Heating
OTHER
Cooling
Yes
Lot
7.61 ac
Current owner
From public records · entity-resolved
705 Gw Venture LLC
Entity
Mailing address
705 GENERAL WASHINGTON AVE, WEST NORRITON, PA 19403-3682
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Sep 23, 2019
$3,325,000
705 Gw Venture LLC
705 Washington LLP
Grant Deed
related
$2,327,500 · Investors Bk
Mar 14, 2012
—
705 Washington LP
—
Deed Of Trust
related
$3,300,000 · Monument Bank
Aug 24, 2011
—
705 Washington LP
—
Deed Of Trust
related
$9,725,000 · Anglo Irish Bank Corp
Jul 19, 2006
$3,200,000
705 Washington
Linnbrook Associates
Grant Deed
—
Sep 1, 1998
$2,300,000
Linnbrook Associates LP
Horsham Industrial & Commercia
Grant Deed
—
—
—
705 Washington LP
—
Deed Of Trust
related
$375,000 · Monument Bank
—
—
498 Associates Ltd Ptshp
—
Deed Of Trust
related
$1,150,000 · First Union National 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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