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Property profile & analytics
OFF-MARKET
Estimated value
$3,985,000
Office Spaces
80 Lancaster Ave Devon, PA 19333-1331
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-0848896
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1983
Total area
26,212 SF
Lot
1.16 ac (50,380 SF)
Zoning code
C1
APN
4311E00840000
UPID
US73-0848896
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
-
Stillwater Capital Advisors Financial Advisor
-
Shane Justice Real Estate Agency
-
UIF REC Studio Film Production Television Studio
-
Jennifer Braun, Compass RE Real Estate Agency
-
Adam Dyer , Compass Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.99M
Owner & transaction history
Devon Horse Show & Cntry Fair · 7 yrs held
Devon Horse Show & Cntry Fair
since 2019
7 recorded transactions
Zoning & alternative use
C1 · Devon, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.0M
+22.7%
Restaurant
$5.7M
+16.4%
Auto repair, garage
$5.6M
+14.9%
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 Devon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Devon 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
$4,875,000
Current use
COMMERCIAL (GENERAL)
$5,980,000
Change: +23% · Conversion: Easy
RESTAURANT
$5,670,000
Change: +16% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,600,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,975,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$3.99M
Range $3.59M – $4.38M · ±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
$152 / 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
$76,535
Tax year 2024
Assessed value
$2,172,830
Assessed 2024
Previous assessed
$2,172,830
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$274,730
Assessed improvement
$1,898,100
Land market value
$274,730
Improvement market value
$1,898,100
Total market value
$2,172,830
Applied tax rate
43.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1983
Heating
HEAT PUMP
Cooling
CENTRAL
Total area
26,212 SF
Lot
1.16 ac (50,380 SF)
Zoning code
C1
APN
4311E00840000
UPID
US73-0848896
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Devon, PA
Zoning C1 · permitted uses
C1 · Devon, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Devon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$6.0M
RESTAURANT
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1983
Heating
HEAT PUMP
Cooling
Yes
Lot
1.16 ac
Current owner
From public records · entity-resolved
Devon Horse Show & Cntry Fair
Individual
Free & Clear · 7 yrs held
Mailing address
795 E LANCASTER AVE STE #200, VILLANOVA, PA 19085-1525
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
27 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2019
$95,020
Devon Horse Show & Cntry Fair
Uncommon Individual Foundati
Grant Deed
—
Sep 10, 2014
—
Uncommon Individual Foundation
Uncommon Individual Foundation
Quit Claim Deed
related
—
Mar 7, 2014
$6,956,250
Uncommon Individual Foundation
Jpmcc 2007-ldp10 Complex 80 LP
Grant Deed
—
Jul 15, 2013
—
Jpmcc 2007-ldp10 Complex 80 LP
G & E R/e Mgmt Svcs INC
Trustees Deed
related
—
May 11, 2007
$410,451
Direct Invest-80 Lancaster 17
Direct Invest-80 Lancaster LLC
Grant Deed
—
May 11, 2007
$353,722
Direct Invest-80 Lancaster 24
Direct Invest-80 Lancaster LLC
Grant Deed
—
May 8, 2007
$323,689
Direct Invest-80 Lancaster 22
Direct Invest-80 Lancaster LLC
Grant Deed
—
May 8, 2007
$1,218,005
Direct Invest-80 Lancaster 23
Direct Invest-80 Lancaster LLC
Grant Deed
—
May 8, 2007
$226,916
Direct Invest-80 Lancaster 21
Direct Invest-80 Lancaster LLC
Grant Deed
—
Apr 18, 2007
$784,195
Direct Invest-80 Lancaster 15
Direct Invest-80 Lancaster LLC
Grant Deed
—
Apr 18, 2007
$333,700
Direct Invest-80 Lancaster 19
Direct Invest-80 Lancaster LLC
Grant Deed
—
Apr 18, 2007
$624,019
Direct Invest-80 Lancaster 20
Direct Invest-80 Lancaster LLC
Grant Deed
—
Apr 17, 2007
$473,854
Direct Invest-80 Lancaster 12
Direct Invest-80 Lancaster LLC
Grant Deed
—
Apr 17, 2007
$523,909
Direct Invest-80 Lancaster 18
Direct Invest-80 Lancaster LLC
Grant Deed
—
Apr 17, 2007
$760,836
Direct Invest-80 Lancaster 14
Direct Invest-80 Lancaster LLC
Grant Deed
—
Apr 17, 2007
$410,451
Direct Invest-80 Lancaster 16
Direct Invest-80 Lancaster LLC
Grant Deed
—
Feb 26, 2007
$563,953
Direct Invest-80 Lancaster 10
Direct Invest-80 Lancaster LLC
Grant Deed
—
Feb 26, 2007
$750,825
Direct Invest-80 Lancaster 13
Direct Invest-80 Lancaster LLC
Grant Deed
—
Feb 23, 2007
$307,004
Invest-80 Lancaster 7 L Direct
Direct Invest-80 Lancaster LLC
Grant Deed
—
Feb 23, 2007
$493,876
Invest-80 Lancaster 9 L Direct
Direct Invest-80 Lancaster LLC
Grant Deed
—
Feb 23, 2007
$3,123,432
Invest-80 Lancaster 6 L Direct
Direct Invest-80 Lancaster LLC
Grant Deed
—
Feb 23, 2007
$804,217
Invest-80 Lancaster 8 L Direct
Direct Invest-80 Lancaster LLC
Grant Deed
—
Feb 22, 2007
$440,484
Invest-80 Lancaster 5 L Direct
Direct Invest-80 Lancaster LLC
Grant Deed
—
Jan 18, 2007
$14,160,000
Direct Invest 80 Lancaster LLC
Lancaster Partners LP
Deed
—
Mar 21, 2005
—
Lancaster Partners
—
Deed Of Trust
related
$8,000,000 · Wachovia Bank NA
—
—
Prime Partners LP
—
Deed Of Trust
related
$6,850,000 · Roxborough Manayunk Bank Fsb
—
—
Lancaster Partners LP
—
Deed Of Trust
related
$984,301 · Cortright Wetherill
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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