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Property profile & analytics
OFF-MARKET
Estimated value
$9,205,000
Office buildings
744 Lancaster Ave Ste 230 Wayne, PA 19087-2551
Individually Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-1822821
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
69,060 SF
Lot
3.2 ac (139,392 SF)
Zoning code
C3
APN
4311F02860800
UPID
US73-1822821
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
by Request
Blend (final)
Blend
$9.21M
Owner & transaction history
B Owner · 21 yrs held
B Owner
since 2005
5 recorded transactions
Zoning & alternative use
C3 · Wayne, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.9M
+2.8%
Auto repair, garage
$14.8M
+1.5%
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 Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne 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
OFFICE BUILDING
$14,530,000
Current use
RESTAURANT
$14,940,000
Change: +3% · Conversion: Moderate
AUTO REPAIR, GARAGE
$14,755,000
Change: +2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,110,000
Change: -10% · Conversion: Easy
COMMERCIAL (GENERAL)
$12,365,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$9.21M
Range $8.28M – $10.13M · ±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
$133 / 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
$242,088
Tax year 2024
Assessed value
$6,872,910
Assessed 2024
Previous assessed
$6,872,910
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$657,410
Assessed improvement
$6,215,500
Land market value
$657,410
Improvement market value
$6,279,450
Total market value
$6,936,860
Applied tax rate
43.0000
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
1985
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
13
Total area
69,060 SF
Lot
3.2 ac (139,392 SF)
Zoning code
C3
APN
4311F02860800
UPID
US73-1822821
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C3 · Wayne, PA
Zoning C3 · permitted uses
C3 · Wayne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wayne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$14.5M
RESTAURANT
Est. value
$14.9M
AUTO REPAIR, GARAGE
Est. value
$14.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.1M
COMMERCIAL (GENERAL)
Est. value
$12.4M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
1985
Heating
ELECTRIC
Cooling
Yes
Buildings
13
Lot
3.2 ac
Current owner
From public records · entity-resolved
B Owner
Individual
Free & Clear · 21 yrs held
Mailing address
550 AMERICAN AVE STE #1, KING OF PRUSSIA, PA 19406-1441
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2023
—
Devon Square Office Associates LP
—
Deed
related
$17,800,000 · United Of Omaha Life Insurance Company
May 20, 2013
—
Keystone Devon Sq Assocs LP
—
Deed Of Trust
related
$28,725,000 · Cantor Commercial Real Estate
Aug 19, 2011
—
Keystone Devon Sq Assocs LP
—
Deed Of Trust
related
$23,534,084 · Td Bank NA
Mar 20, 2009
—
Keystone Devon Sq Assocs
—
Deed Of Trust
related
$24,570,000 · Td Bank NA
Feb 23, 2005
$7,925,474
B Owner
Chester Cnty Indl Dev Autho
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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