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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Warehouses
845 Conchester Rd Glen Mills, PA 19342
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0377473
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Total area
28,415 SF
Lot
3.86 ac (168,229 SF)
APN
13-00-00232-18
UPID
US73-0377473
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
$2.04M
Comparable Approach
Comparable
$3.15M
Blend (final)
Blend
$2.58M
Owner & transaction history
Conchester Properties LLC · 17 yrs held
Conchester Properties LLC
since 2009
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.4M
+54.2%
Office building
$3.2M
+47.5%
Commercial (general)
$2.7M
+24.8%
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 Glen Mills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glen Mills 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%
$2,210,000
6.5%
$2,040,000
7%
$1,890,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,185,000
Current use
AUTO REPAIR, GARAGE
$3,370,000
Change: +54% · Conversion: Easy
OFFICE BUILDING
$3,225,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,730,000
Change: +25% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,980,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±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
$91 / 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
$54,181
Tax year 2024
Assessed value
$2,379,750
Assessed 2024
Previous assessed
$2,379,750
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$460,000
Assessed improvement
$1,919,750
Total market value
$2,379,750
Applied tax rate
1,303.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Heating
NONE
Cooling
YES
Stories
2
Total area
28,415 SF
Lot
3.86 ac (168,229 SF)
APN
13-00-00232-18
UPID
US73-0377473
Jurisdiction
DELAWARE
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
WAREHOUSE, STORAGE Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1968
Heating
NONE
Cooling
Yes
Stories
2
Lot
3.86 ac
Current owner
From public records · entity-resolved
Conchester Properties LLC
Entity
Mailing address
875 BAINBRIDGE DR, WEST CHESTER, PA 19382-8561
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
—
Conchester Properties LLC
—
Deed
related
$2,000,000 · Tristate Capital Bank
May 7, 2019
—
Conchester Properties LLC
—
Deed
related
$3,000,000 · Wilmington Savings Fund Society Fsb
Jan 6, 2009
—
Conchester Properties LLC
Church Street Properties Ptshp
Grant Deed
—
Nov 8, 2001
—
Clement Communications INC
—
Trustees Deed
related
$3,000,000 · Bryn Mawr Trust Co
—
—
Conchester Properties LLC
—
Deed Of Trust
related
—
—
—
Conchester Properties LLC
—
Deed Of Trust
related
$4,554,000 · M & T Bank
—
—
Conchester Properties LLC
—
Deed Of Trust
related
$1,265,000 · M & T Bank
—
—
Conchester Properties LLC
—
Deed Of Trust
related
$290,000 · M & T Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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