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Property profile & analytics
OFF-MARKET
Estimated value
$5,925,000
High-rise multifamily apartments
800 Luxor Ln Norristown, PA 19401-5184
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-2998373
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2007
Total area
45,078 SF
Lot
1.03 ac (44,984 SF)
Zoning code
UDO
APN
13-00-32952-00-2
UPID
US73-2998373
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
$5.93M
Owner & transaction history
Csw Luxor Annex LP · 9 yrs held
Csw Luxor Annex LP
since 2016
7 recorded transactions
Zoning & alternative use
UDO · Norristown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.9M
+20.7%
Medical building
$7.1M
+9.3%
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 Norristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norristown 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)
$6,505,000
Current use
OFFICE BUILDING
$7,850,000
Change: +21% · Conversion: Moderate
MEDICAL BUILDING
$7,105,000
Change: +9% · Conversion: Moderate
RESTAURANT
$6,325,000
Change: -3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,875,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$5.93M
Range $5.33M – $6.52M · ±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
$131 / 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
$159,894
Tax year 2023
Assessed value
$2,604,910
Assessed 2024
Previous assessed
$2,604,910
+0.0% YoY
Effective rate
6.14%
On assessed value
Total market value
$2,604,910
Applied tax rate
13.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
NONE
Units
38
Total area
45,078 SF
Lot
1.03 ac (44,984 SF)
Zoning code
UDO
APN
13-00-32952-00-2
UPID
US73-2998373
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
UDO · Norristown, PA
Zoning UDO · permitted uses
UDO · Norristown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norristown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.5M
OFFICE BUILDING
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.1M
RESTAURANT
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
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
2007
Heating
NONE
Cooling
Yes
Units
38
Lot
1.03 ac
Current owner
From public records · entity-resolved
Csw Luxor Annex LP
Entity
Mailing address
PO BOX 580, LAKEWOOD, NJ 08701-0580
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
—
Csw Luxor Annex LLC
—
Deed
related
$27,500,000 · Delaware Life Insurance Company
Dec 21, 2020
—
Csw Luxor Annex LP
—
Deed
related
$29,600,000 · New York Cmnty Bk
Dec 29, 2016
$11,326
Csw Luxor Annex LP
Customers Bank
Sheriffs Deed
related
—
May 3, 2010
—
Se Property Corp LLC
Fazio Props Rittenhouse Club L
Deed In Lieu Of Foreclosure
related
—
Jun 13, 2006
—
Props Rittenhouse Club L Fazio
—
Deed Of Trust
related
$2,500,000 · St Edmonds Fsb
Mar 6, 2006
$500
Props Rittenhouse Club L Fazio
Fazio Properties LLC
Grant Deed
—
Aug 3, 2005
—
Fazio Properties LLC
—
Trustees Deed
related
$60,000 · Lawrence C Mazzerle
Nov 29, 2000
$173,000
Lawrence C Mazzerle
Snady Ridge Assoc LP
Grant Deed
$138,400 · Harleysville Nat'l Bank & Trus
Jan 20, 1999
—
Sandy Ridge Associates LP
Altemose Acquistions INC
Grant Deed
related
—
Jul 29, 1998
$126,000
Altamcee Acquisitions INC
Tutterice,isabelle M & Frank P
Grant Deed
$120,000 · Patriot Bank NA
—
—
Csw Luxor Annex LP
—
Deed Of Trust
related
$29,600,000 · New York Cmnty Bk
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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