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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Office Spaces
711 Lawn Ave B Sellersville, PA 18960-1575
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US73-3041452
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1983
Total area
7,263 SF
Zoning code
IS
APN
52-014-107-002-00B
UPID
US73-3041452
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
-
Adult & Pediatric Urologic: Landau Richard E MD Physician Medical Clinic
-
Dr. Erik F. Lamberth, MD Pediatrician Medical Clinic
-
Pennridge Pediatrics Pediatrician Medical Clinic
-
Gordon Jeffrey N MD Physician Medical Clinic
-
BuxMont Urological Specialists - Sellersville Medical Clinic Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$1.72M
Owner & transaction history
Penn Pro Associates LLC · 20 yrs held
Penn Pro Associates LLC
since 2006
2 recorded transactions
Zoning & alternative use
IS · Sellersville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+56.6%
Apartment house (5+ units)
$2.0M
+31.9%
Medical building
$1.8M
+19.2%
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 Sellersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sellersville 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%
$2,030,000
6.5%
$1,875,000
7%
$1,740,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,505,000
Current use
RESTAURANT
$2,355,000
Change: +57% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,985,000
Change: +32% · Conversion: Easy
MEDICAL BUILDING
$1,790,000
Change: +19% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,740,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,690,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$1,440,000
Change: -4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,315,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±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
$237 / 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
$34,331
Tax year 2024
Assessed value
$202,000
Assessed 2024
Previous assessed
$202,000
+0.0% YoY
Effective rate
17.00%
On assessed value
Assessed improvement
$202,000
Improvement market value
$2,767,111
Total market value
$2,767,111
Applied tax rate
52.0000
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
1983
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
7,263 SF
Zoning code
IS
APN
52-014-107-002-00B
UPID
US73-3041452
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
IS · Sellersville, PA
Zoning IS · permitted uses
IS · Sellersville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sellersville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1983
Heating
CENTRAL
Cooling
Yes
Stories
2
Current owner
From public records · entity-resolved
Penn Pro Associates LLC
Entity
Mailing address
711 LAWN AVE, SELLERSVILLE, PA 18960-1575
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2006
—
Penn Pro Associates LLC
Penn Pro Associates
Quit Claim Deed
related
—
—
—
Penn Pro Associates LLC
—
Deed Of Trust
related
$950,000 · Univest Bk & Tr Co
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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