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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Garden apartment buildings
7326 Coventry Ave Melrose Park, PA 19027-2944
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-0962115
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1955
Total area
5,418 SF
Lot
0.42 ac (18,324 SF)
Zoning code
M1
APN
31-00-07435-00-4
UPID
US73-0962115
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
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$745k
Owner & transaction history
Bid LLC · 3 yrs held
Bid LLC
since 2023
3 recorded transactions
Zoning & alternative use
M1 · Melrose Park, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$885,000
+17.7%
Medical building
$855,000
+13.4%
Restaurant
$760,000
+1.0%
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 Melrose Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melrose 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
APARTMENT HOUSE (5+ UNITS)
$755,000
Current use
OFFICE BUILDING
$885,000
Change: +18% · Conversion: Moderate
MEDICAL BUILDING
$855,000
Change: +13% · Conversion: Moderate
RESTAURANT
$760,000
Change: +1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$705,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$605,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$138 / 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
$30,120
Tax year 2023
Assessed value
$450,980
Assessed 2024
Previous assessed
$450,980
+0.0% YoY
Effective rate
6.68%
On assessed value
Assessed land
$117,580
Assessed improvement
$333,400
Land market value
$117,580
Improvement market value
$333,400
Total market value
$450,980
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1955
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
4
Rooms
18
Bathrooms
4
Total area
5,418 SF
Lot
0.42 ac (18,324 SF)
Zoning code
M1
APN
31-00-07435-00-4
UPID
US73-0962115
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Melrose Park, PA
Zoning M1 · permitted uses
M1 · Melrose Park, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melrose Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$755,000
OFFICE BUILDING
Est. value
$885,000
MEDICAL BUILDING
Est. value
$855,000
RESTAURANT
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$705,000
INDUSTRIAL (GENERAL)
Est. value
$605,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1955
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
4
Rooms
18
Bathrooms
4
Lot
0.42 ac
Current owner
From public records · entity-resolved
Bid LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 52385, PHILADELPHIA, PA 19115-7385
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
—
Bid LLC
Daniel Waisbord
Deed
—
Jan 17, 2020
$1,300,000
Daniel Waisbord
Valley Apartments Ep LLC
Grant Deed
$975,000 · Firstrust Bk
Nov 14, 2016
$1,000,000
Valley Apartments Ep LLC
Weiss Shirley S
Grant Deed
$800,000 · Embassy Bk/lehigh Vly
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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