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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Super regional malls
821 Lancaster Ave 5 Wayne, PA 19087-2550
Trust Owned
13-yr Hold
~
Est. High Equity
Property ID
US73-1121029
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1920
Total area
51,552 SF
Lot
9.02 ac (392,911 SF)
Zoning code
C1
APN
4311F01990000
UPID
US73-1121029
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
-
Orangetheory Fitness Gym & Fitness Center
-
Donation Bin Charitable Organization
-
Devon Natural Cleaners (Bike/Boat/Book/etc) Store
-
Genji Sushi Restaurant
-
Fine Wine & Good Spirits Premium Collection (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.78M
Owner & transaction history
Devon Village 1681 Statutor Trust · 13 yrs held
Devon Village 1681 Statutor Trust
since 2013
5 recorded transactions
Zoning & alternative use
C1 · Wayne, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.9M
+91.9%
Apartment house (5+ units)
$2.4M
+53.8%
Industrial (general)
$2.0M
+28.9%
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 Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne 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
NEIGHBORHOOD: SHOPPING CENTER
$1,535,000
Current use
WAREHOUSE, STORAGE
$2,945,000
Change: +92% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,360,000
Change: +54% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,980,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$1.78M
Range $1.60M – $1.95M · ±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
$34 / 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
$370,903
Tax year 2024
Assessed value
$10,530,000
Assessed 2024
Previous assessed
$11,257,500
-6.5% YoY
Effective rate
3.52%
On assessed value
Assessed land
$1,772,890
Assessed improvement
$8,757,110
Land market value
$1,772,890
Improvement market value
$9,113,740
Total market value
$10,886,630
Applied tax rate
43.0000
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
1920
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
17
Total area
51,552 SF
Lot
9.02 ac (392,911 SF)
Zoning code
C1
APN
4311F01990000
UPID
US73-1121029
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Wayne, PAZoning C1 · permitted uses
C1 · Wayne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1920
Heating
FORCED AIR
Cooling
Yes
Buildings
17
Lot
9.02 ac
Current owner
From public records · entity-resolved
Devon Village 1681 Statutor Trust
Trust
Mailing address
500 N BROADWAY STE #201, JERICHO, NY 11753-2122
Ownership since
2013
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
May 13, 2013
—
Devon Village 1681 Statutor Trust
Wp Devon Associates LP
Quit Claim Deed
related
—
Jun 25, 2012
$28,550,000
Devon Village 1681 Statutor Trust
Wp Devon Associates LP
Grant Deed
—
Nov 22, 2010
—
Wp Devon Associates LP
—
Deed Of Trust
related
$17,875,000 · Beneficial Mutual Savings
Sep 30, 2009
$17,000,000
Wp Devon Associates
Lancaster Avenue Associates
Grant Deed
$13,617,500 · Beneficial Mutual Savings
—
—
Lancaster Ave Associates
—
Deed Of Trust
related
$3,800,000 · Nationwide Life Insurance Co
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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