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Property profile & analytics
OFF-MARKET
Estimated value
$22,730,000
Office Spaces
804 Bethlehem Pike North Wales, PA 19454-2302
Individually Owned
3-yr Hold
Free & Clear
Property ID
US73-0622562
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2013
Total area
142,336 SF
Lot
3.17 ac (138,085 SF)
Zoning code
RS
APN
46-00-00340-40-6
UPID
US73-0622562
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
-
Montgomery Mall Food Court Restaurant
-
Mall Stars Film Production Television Studio
-
Michael J Oreth Inc Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.23M
Blend (final)
Blend
$22.73M
Owner & transaction history
Exchangeright Net Leased Portfolio · 3 yrs held
Exchangeright Net Leased Portfolio
since 2022
Last sale
$22.6M
7 recorded transactions
Zoning & alternative use
RS · North Wales, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 North Wales submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Wales 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
$27,755,000
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
$23,290,000
Current use
MEDICAL BUILDING
$22,435,000
Change: -4% · Conversion: Easy
RESTAURANT
$19,980,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$19,785,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$22.73M
Range $20.46M – $25.00M · ±10% · vs last sale $22.60M (Aug 3 2022)
Last sale anchor
$22.60M
Aug 3 2022
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
$160 / 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
$469,882
Tax year 2023
Assessed value
$12,595,840
Assessed 2024
Previous assessed
$12,595,840
+0.0% YoY
Effective rate
3.73%
On assessed value
Total market value
$12,595,840
Applied tax rate
46.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2013
Heating
FORCED AIR
Cooling
CENTRAL
Total area
142,336 SF
Lot
3.17 ac (138,085 SF)
Zoning code
RS
APN
46-00-00340-40-6
UPID
US73-0622562
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RS · North Wales, PA
Zoning RS · permitted uses
RS · North Wales, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Wales. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$23.3M
MEDICAL BUILDING
Est. value
$22.4M
RESTAURANT
Est. value
$20.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.8M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
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
2013
Heating
FORCED AIR
Cooling
Yes
Lot
3.17 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Portfolio
Individual
Free & Clear · 3 yrs held
Mailing address
1010 NORTHERN BLVD STE #212, GREAT NECK, NY 11021-5320
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2022
—
Exchangeright Net Leased Portfolio
Montgomery Mall Realty Holding LLC
Assignment Of Lease (leasehold Sale)
—
Aug 3, 2022
$22,600,000
Exchangeright Net Leased Portfolio
Montgomery Mall Realty Holding LLC
Deed
—
Feb 16, 2022
$55,000,000
Montgomery Mall Realty Holding LLC
Gregory T Maloney
Receivers Deed
$36,000,000 · Gadelander Str 77 Projekt Gmbh
May 10, 2011
$4,217
213-36 Montgomery Holdings LP
Sheriff Of Montgomery County
Trustees Deed
related
—
Mar 19, 2008
—
Bk NA Lasalle
Lehman Bros Holding INC
Grant Deed
related
—
Jul 24, 2006
—
Montgomery Dept Invtrs
Federated Retail Holdings INC
Grant Deed
$14,341,855 · Bank Of America
Jun 1, 2006
$12,617,399
Montgomery Dept Invtrs LP
Owner,record
Grant Deed
related
—
—
—
Kravco INC
—
Deed Of Trust
related
$96,000,000 · Lehman Bros Holdings INC
—
—
At Montgomeryville Mall
—
Deed Of Trust
related
$96,000,000 · Lehman Bros Holdings INC
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.
Try Rey
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