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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Super regional malls
807 Gap Newport Park West Grove, PA 19390
Entity Owned
19-yr Hold
Free & Clear
Property ID
US73-5870630
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2007
Total area
53,100 SF
Lot
42.68 ac (1,859,141 SF)
Zoning code
CI
APN
5905 00850000
UPID
US73-5870630
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
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$1.90M
Owner & transaction history
Mark Properties · 19 yrs held
Mark Properties
since 2006
5 recorded transactions
Zoning & alternative use
CI · West Grove, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.0M
+91.9%
Warehouse, storage
$3.0M
+91.9%
Apartment house (5+ units)
$2.4M
+53.8%
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 West Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Grove 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
$1,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,580,000
Current use
OFFICE BUILDING
$3,035,000
Change: +92% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,035,000
Change: +92% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,430,000
Change: +54% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,040,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±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
$36 / 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
$734,073
Tax year 2024
Assessed value
$18,013,630
Assessed 2024
Previous assessed
$18,013,630
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$1,813,560
Assessed improvement
$16,200,070
Land market value
$1,813,560
Improvement market value
$16,675,370
Total market value
$18,488,930
Applied tax rate
59.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
34
Stories
2
Rooms
10
Bathrooms
2
Total area
53,100 SF
Lot
42.68 ac (1,859,141 SF)
Zoning code
CI
APN
5905 00850000
UPID
US73-5870630
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CI · West Grove, PA
Zoning CI · permitted uses
CI · West Grove, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Grove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
34
Rooms
10
Bathrooms
2
Lot
42.68 ac
Current owner
From public records · entity-resolved
Mark Properties
Entity
Free & Clear · 19 yrs held
Mailing address
234 N JAMES ST, NEWPORT, DE 19804-3132
Ownership since
2006
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
Oct 26, 2018
—
London Grove North LP
—
Grant Deed
related
$28,000,000 · Investors Bk
Dec 19, 2006
$80,025
Mark Properties
London Grove North
Grant Deed
—
Dec 19, 2006
$201,804
Grove North London
Mark Properties
Grant Deed
—
Nov 3, 2005
—
Grove North London
Mark Properties
Grant Deed
—
—
—
Mark Properties
—
Deed Of Trust
related
$800,000 · Pettinaro Enterprises
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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