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Property profile & analytics
OFF-MARKET
Estimated value
$12,030,000
Office buildings
8360 Old York Rd Elkins Park, PA 19027-1576
Individually Owned
1-yr Hold
Free & Clear
Property ID
US73-0777964
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
57,660 SF
Lot
5.3 ac (230,868 SF)
Zoning code
C1
APN
31-00-30094-10-6
UPID
US73-0777964
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
-
Eye Institute-The Pa Clg Mdm Physician
-
Eye Institute-The Pa Clg Mdm: Barker II Felix M OD Physician
-
TD Bank ATM Atm
-
Salus University University College
-
Jonette B. Owen, AUD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.88M
Comparable Approach
Comparable
$9.55M
Blend (final)
Blend
$12.03M
Owner & transaction history
Drexel University · 1 yrs held
Drexel University
since 2024
2 recorded transactions
Zoning & alternative use
C1 · Elkins Park, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.0M
+80.6%
Retail stores
$15.5M
+64.6%
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 Elkins Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkins Park 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%
$16,115,000
6.5%
$14,875,000
7%
$13,815,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,435,000
Current use
AUTO REPAIR, GARAGE
$17,045,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$15,525,000
Change: +65% · Conversion: Moderate
MEDICAL BUILDING
$9,090,000
Change: -4% · Conversion: Easy
RESTAURANT
$8,095,000
Change: -14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$8,015,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$12.03M
Range $10.83M – $13.23M · ±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
$209 / 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
$258,468
Tax year 2023
Assessed value
$3,870,000
Assessed 2024
Previous assessed
$3,870,000
+0.0% YoY
Effective rate
6.68%
On assessed value
Assessed land
$1,096,300
Assessed improvement
$2,773,700
Land market value
$1,096,300
Improvement market value
$2,773,700
Total market value
$3,870,000
Applied tax rate
31.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
CENTRAL
Total area
57,660 SF
Lot
5.3 ac (230,868 SF)
Zoning code
C1
APN
31-00-30094-10-6
UPID
US73-0777964
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Elkins Park, PA
Zoning C1 · permitted uses
C1 · Elkins Park, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elkins Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.4M
AUTO REPAIR, GARAGE
Est. value
$17.0M
RETAIL STORES
Est. value
$15.5M
MEDICAL BUILDING
Est. value
$9.1M
RESTAURANT
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1984
Heating
FORCED AIR
Cooling
Yes
Lot
5.3 ac
Current owner
From public records · entity-resolved
Drexel University
Individual
Free & Clear · 1 yrs held
Mailing address
8360 OLD YORK RD, ELKINS PARK, PA 19027-1576
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2024
—
Drexel University
Drexel University
Intrafamily Transfer
related
—
Feb 27, 2024
—
Salus University
Pennsylvania College Of Optometry
Intrafamily Transfer
related
—
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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