Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,735,000
Commercial real estate
7320 Old York Rd Elkins Park, PA 19027-3007
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US73-2286194
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1954
Total area
68,400 SF
Lot
2.49 ac (108,464 SF)
Zoning code
C4
APN
31-00-29947-00-1
UPID
US73-2286194
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
-
ARITAUM Cosmetic Store
-
Ga Yeon Rice Cake Grocery & Convenience Store
-
JJ Mandoo Restaurant
-
Embeautybar Incellderm Hair Salon Nail Salon
-
More Shopping Center LP Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.63M
Blend (final)
Blend
$8.74M
Owner & transaction history
More Shopping Center LP · 12 yrs held
More Shopping Center LP
since 2013
7 recorded transactions
Zoning & alternative use
C4 · Elkins Park, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.2M
+52.0%
Medical building
$10.8M
+46.4%
Restaurant
$9.6M
+30.4%
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 Elkins Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkins Park 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
COMMERCIAL (GENERAL)
$7,365,000
Current use
OFFICE BUILDING
$11,190,000
Change: +52% · Conversion: Easy
MEDICAL BUILDING
$10,780,000
Change: +46% · Conversion: Easy
RESTAURANT
$9,600,000
Change: +30% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,505,000
Change: +29% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$8,915,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$8.74M
Range $7.86M – $9.61M · ±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
$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
$344,556
Tax year 2023
Assessed value
$5,159,000
Assessed 2024
Previous assessed
$5,159,000
+0.0% YoY
Effective rate
6.68%
On assessed value
Total market value
$5,159,000
Applied tax rate
31.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1954
Heating
HOT WATER
Cooling
CENTRAL
Total area
68,400 SF
Lot
2.49 ac (108,464 SF)
Zoning code
C4
APN
31-00-29947-00-1
UPID
US73-2286194
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C4 · Elkins Park, PAZoning C4 · permitted uses
C4 · Elkins Park, 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
COMMERCIAL (GENERAL) Current
Est. value
$7.4M
OFFICE BUILDING
Est. value
$11.2M
MEDICAL BUILDING
Est. value
$10.8M
RESTAURANT
Est. value
$9.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.9M
COMMERCIAL (GENERAL) 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
1954
Heating
HOT WATER
Cooling
Yes
Lot
2.49 ac
Current owner
From public records · entity-resolved
More Shopping Center LP
Entity
Mailing address
7320 OLD YORK RD, ELKINS PARK, PA 19027-3007
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
—
More Shopping Center LP
—
Deed
related
$9,000,000 · Woori America Bank
Sep 13, 2013
—
More Shopping Center LP
More Shopping Center LP
Quit Claim Deed
related
—
Dec 4, 2012
—
More Shopping Center LP
—
Deed Of Trust
related
$9,270,000 · Woori America Bank
Nov 27, 2012
—
More Shopping Center LP
More Shopping Center LP
Quit Claim Deed
—
Oct 25, 1999
—
More Shopping Center LP
—
Deed Of Trust
related
$2,200,000 · Wilmington Savings Fund Societ
—
—
More Shopping Center
—
Deed Of Trust
related
$7,500,000 · Independence Community Bank
—
—
Old York Rd L 7320
—
Deed Of Trust
related
$300,000 · Penna Business Bk
—
—
Old York Rd L 7320
—
Deed Of Trust
related
$3,600,000 · Penna Business Bk
—
—
More Shopping Center LP
—
Deed Of Trust
related
$1,200,000 · Panasia 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7320 Old York Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
