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Property profile & analytics
OFF-MARKET
Estimated value
$6,850,000
Warehouses
723 Electronic Dr Horsham, PA 19044-4050
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0146524
Property summary
AI-generated overview
This single-story, 50,584-square-foot building at 723 Electronic Drive in Horsham, Pennsylvania, offers flexible space ideal for warehouse, research & development, or flex uses. Built in 1973 and renovated in 1999, the property features a 14'4" ceiling height, two loading docks with levelers, and the capacity for additional loading docks. The property includes 125 total parking spaces and boasts a 1200 Amp, 480/277v, 3-phase power supply with a 13kv/500kva transformer. The space is divisible to a minimum of 25,000 square feet, with a maximum contiguous space of 50,584 square feet, accommodating multiple tenants. Situated on four acres of land, the property is zoned I-2 (Industrial District) and has an APN of 36-00-04134-00-6. Its convenient location provides easy access to Route 611 and the Pennsylvania Turnpike (I-276), less than two miles away. The building is fully sprinklered, minimizing loss factors. This property presents a unique opportunity for businesses seeking a modern, efficient, and strategically located industrial space in a high-growth area with numerous amenities. The property consists of two suites within a single building.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Total area
53,560 SF
Lot
4 ac (174,240 SF)
Zoning code
I2
APN
36-00-04134-00-6
UPID
US73-0146524
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
-
Evonik Factory Production Facility
-
Brommer Architects Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.43M
Comparable Approach
Comparable
$6.42M
Blend (final)
Blend
$6.85M
Owner & transaction history
Kumagai Horsham LLC · 3 yrs held
Kumagai Horsham LLC
since 2023
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
I2 · Horsham, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.8M
+78.5%
Medical building
$8.4M
+71.9%
Restaurant
$7.5M
+53.1%
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 Horsham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Horsham 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
$7,380,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,130,000
6.5%
$8,430,000
7%
$7,825,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,910,000
Current use
OFFICE BUILDING
$8,765,000
Change: +78% · Conversion: Difficult
MEDICAL BUILDING
$8,440,000
Change: +72% · Conversion: Difficult
RESTAURANT
$7,520,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,445,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,980,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$6.85M
Range $6.17M – $7.54M · ±10% · vs last sale $6.80M (May 18 2023)
Last sale anchor
$6.80M
May 18 2023
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
$128 / 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
$104,123
Tax year 2023
Assessed value
$2,648,900
Assessed 2024
Previous assessed
$2,648,900
+0.0% YoY
Effective rate
3.93%
On assessed value
Total market value
$2,648,900
Applied tax rate
36.0000
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
1973
Heating
FORCED AIR
Cooling
CENTRAL
Total area
53,560 SF
Lot
4 ac (174,240 SF)
Zoning code
I2
APN
36-00-04134-00-6
UPID
US73-0146524
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Horsham, PAZoning I2 · permitted uses
I2 · Horsham, 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
WAREHOUSE, STORAGE Current
Est. value
$4.9M
OFFICE BUILDING
Est. value
$8.8M
MEDICAL BUILDING
Est. value
$8.4M
RESTAURANT
Est. value
$7.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
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
1973
Heating
FORCED AIR
Cooling
Yes
Lot
4 ac
Current owner
From public records · entity-resolved
Kumagai Horsham LLC
Entity
Mailing address
17853 SANTIAGO BLVD STE #107, VILLA PARK, CA 92861-4199
Ownership since
2023
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
May 18, 2023
—
Kumagai Horsham LLC
Kumagai Horsham LLC
Intrafamily Transfer
related
$6,057,500 · Wells Fargo Bank NA
Jul 28, 2017
$6,800,000
Kumagai Horsham LLC
Bpg Office Vi Electronic Drive
Grant Deed
$4,485,000 · Miscellaneous Ins Co
May 16, 2008
—
Fargo Bk NA Wells
Greenwich Cap Fin Prod INC
Grant Deed
related
—
Mar 18, 2005
$6,315,000
Bpg Office Vi Electronic Dr LP
Elecdrive Assocs LP
Deed
—
Feb 27, 1999
—
Elecdrive Assoc LP
—
Deed Of Trust
related
$4,920,000 · General Electric Capital Corp
Apr 21, 1998
—
Elecdrive Associates LP
—
Grant Deed
related
$4,886,400 · Bank Of New York
Dec 26, 1997
$1,000,000
Elecdrive Associates LP
Bell Atlantic-pennsylvania
Grant Deed
—
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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