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    7875 Ml Rd Elkins Park, PA 19027
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    Property profile & analytics

    7875 Ml Rd Elkins Park, PA 19027

    View on Map
    • Retail properties & Spaces
    • 10,032 SF
    • 0.47 lot acres
    Off-Market
    Last Sale Dec 2, 2025
    $675,000
    Property ID
    US73-3048364
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Biello Auto Parts / Auto Parts Store

    Property Details for 7875 Ml Rd

    Year built
    1955
    Lot size
    0.47 lot acres
    Property size
    10,032 SF
    Zone code
    R5
    Property type
    Retail properties & Spaces
    APN
    31-00-19123-00-7
    APU
    310019123007

    Description

    This exceptional 10,032-square-foot warehouse property, situated on a generous 0.89-acre lot in Elkins Park, Pennsylvania, presents a compelling investment opportunity. Located at 7875 Mill Road, 19027, this industrial property boasts a desirable R3 – Residential District zoning designation within Cheltenham Township. The building features a finished office area, providing versatile space for administrative functions or potential conversion. Significant outdoor space is available for parking and material storage, enhancing operational efficiency. Access is convenient via one curb cut. The property offers substantial frontage, approximately 132 feet on Church Road and 200 feet on Mill Road. Estimated 2022 property taxes were $17,790. This well-positioned warehouse is ideal for a variety of uses, benefiting from its ample space, convenient location, and flexible zoning. The property's size and zoning make it a strong candidate for various business ventures or redevelopment projects. Serious inquiries are encouraged to explore the full potential of this exceptional offering. The property is located in Montgomery County, Pennsylvania.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $687,000
      Market price range: $669k - $1.98M
      AI Estimate
      $523,000
      Market price range: $523k - $1.32M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elkins Park
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.1215
    Latitude
    40.0713
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,971
    $83,510
    $155,630
    $239,140
    -
    $83,510
    $155,630
    $239,140

    Comparable in this City

    • Value Estimation by Request
      1,652 SF

      1627 Cheltenham Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,652 SF
      1627 Cheltenham Ave, Elkins Park, PA 19027-1047
      View Details
    • Value Estimation
      $615,000
      3,496 SF

      443 Cheltenham Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,496 SF
      443 Cheltenham Ave, Elkins Park, PA 19027-3201
      View Details
    • Value Estimation by Request
      1,288 SF

      845 Township Line Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,288 SF
      845 Township Line Rd, Elkins Park, PA 19027-2032
      View Details
    • Value Estimation by Request
      1,600 SF

      7701 Montgomery Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,600 SF
      7701 Montgomery Ave, Elkins Park, PA 19027-2611
      View Details
    • Value Estimation by Request
      4,300 SF

      1617 Cheltenham Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,300 SF
      1617 Cheltenham Ave, Elkins Park, PA 19027-3128
      View Details
    • Value Estimation by Request
      2,880 SF

      526 Stahr Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,880 SF
      526 Stahr Rd, Elkins Park, PA 19027
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    Similar Nearby for Lease

    • $300 /Mo
      10,890 SF

      one car garage - ELKINS PARK, PA

      One-car garage for rent with power in Elkins Park.
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      View Details
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      7,000 SF

      Retail Space in Elkins Park

      7,000 SF retail space available in busy shopping center.
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      View Details
    • $500 /Mo
      10,890 SF

      LAND - ELKINS PARK, PA

      Two-car garage for rent in Elkins Park with power.
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      View Details
    • $18 SF/Yr
      38,333 SF

      Elkins Park Office Space Available

      Professional office building with on-site parking for lease.
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      View Details
    • Contact for pricing

      Briar House First Floor Office

      First floor office space available for rent in Briar House.
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      View Details
    • $2,100 /Mo
      45,738 SF

      Furnished Office Space Available

      Prime office space in Elkins Park, PA for lease.
      7301 Old York Rd, Elkins Park, PA 19027
      View Details
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    Elkins Park, PA 19027
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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