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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    851 Lancaster Ave Bryn Mawr, PA 19010-3337

    • Investment properties
    • 4,420 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Jun 22, 2021
    $847,500
    Value Estimations
    $805,000
    Show details
    Cap Rate Potential
    5%
    Investment properties
    Location Intelligence
    Property ID
    US73-0136686
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • See La Vie Eyecare & Eyewear / Optometrist / Sunglasses Store
    • Dr. Kayla Volkert / Optometrist

    Property Details for 851 Lancaster Ave

    Year built
    1940
    Lot size
    0.05 lot acres
    Property size
    4,420 SF
    Zone code
    C2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    40-00-30524-00-9
    APU
    400030524009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $920,000
      ML approach
      $940,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $760,000
      6.5%
      $705,000
      7%
      $655,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $647,000
      Market price range: $647k - $979k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $775,000
      Current use
      AUTO REPAIR, GARAGE
      $1,305,000
      Change: +69% Conversion: Difficult
      RETAIL STORES
      $1,190,000
      Change: +54% Conversion: Easy
      OFFICE BUILDING
      $725,000
      Change: -7% Conversion: Easy
      MEDICAL BUILDING
      $695,000
      Change: -10% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bryn Mawr
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.3198
    Latitude
    40.0225
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,229
    $176,130
    $92,730
    $268,860
    -
    $176,130
    $92,730
    $268,860

    Comparable in this City

    • Value Estimation by Request
      5,550 SF

      1039 Lancaster Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,550 SF
      1039 Lancaster Ave, Bryn Mawr, PA 19010-3060
      View Details
    • Value Estimation
      $465,000
      5,548 SF

      314 Bryn Mawr Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,548 SF
      314 Bryn Mawr Ave, Bryn Mawr, PA 19010-2129
      View Details
    • Value Estimation
      $635,000
      1,932 SF

      829 Conestoga Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,932 SF
      829 Conestoga Rd, Bryn Mawr, PA 19010-1357
      View Details
    • Value Estimation
      $1,210,000
      4,410 SF

      935 Lancaster Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,410 SF
      935 Lancaster Ave, Bryn Mawr, PA 19010-3011
      View Details
    • Value Estimation
      $705,000
      5,309 SF

      817 Smt Grv Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,309 SF
      817 Smt Grv Ave, Bryn Mawr, PA 19010-3240
      View Details
    • Value Estimation
      $1,100,000
      1,436 SF

      14 Thomas Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,436 SF
      14 Thomas Ave, Bryn Mawr, PA 19010-2607
      View Details

    Similar Nearby for Sale

    • $6,600,000
      0.28 Acres

      Luxury Mixed-Use Investment Opportunity

      Premier mixed-use property in Bryn Mawr, PA with high-end residential.
      1111 W Lancaster Ave, Bryn Mawr, PA 19010
      View Details
    • $2,500,000
      8,100 SF

      Bryn Mawr Medical Office Building

      High-yield medical office, 100% occupied
      888 Glenbrook Ave, Bryn Mawr, PA 19010
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    • Contact for pricing

      Bryn Mawr Retail Space Available

      Retail space in the heart of the Main Line.
      915-925 West Lancaster Ave, Bryn Mawr, PA 19010
      View Details
    • $550,000
      2,393 SF

      Charming Duplex in Bryn Mawr

      Desirable duplex in Bryn Mawr with convenient location and parking.
      815 Penn St, Bryn Mawr, PA 19010
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    • $385,000
      1,325 SF

      Spacious Condo in Millridge Community

      First-floor, 2-bedroom, 2-bath condo with open floor plan and balcony.
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    • $1,029,000

      Turnkey Twin Home in Bryn Mawr

      Luxurious 4-bedroom home with modern amenities and convenient location.
      18 S Roberts Rd, Bryn Mawr, PA 19010
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    Similar Nearby for Lease

    • $20 SF/Yr
      1,800 SF

      Office Space Near Bryn Mawr

      Office spaces for lease with nearby amenities and great accessibility.
      936 County Line Rd, Bryn Mawr, PA 19010
      View Details
    • Contact for pricing
      3,350 SF

      Prime Retail Space in Bryn Mawr

      Retail space in the heart of the Main Line.
      921 W Lancaster Ave, Bryn Mawr, PA 19010
      View Details
    • $30 SF/Yr
      1,280 SF

      Retail Space in Bryn Mawr

      Retail spaces available in Bryn Mawr's shopping district.
      864 W Lancaster Ave, Bryn Mawr, PA 19010
      View Details
    • Contact for pricing
      15,000 SF

      Lancaster Avenue Retail Space

      Prime 15,000 SF Retail Opportunity
      572 Lancaster Ave, Bryn Mawr, PA 19010
      View Details
    • $1,300 /Mo
      267 SF

      Updated Office Space in Bryn Mawr

      Private office space in updated stone carriage house for rent.
      Garrett Ave, Bryn Mawr, PA 19010
      View Details
    • $3,225 /Mo

      Covered Parking Spaces Available

      43 covered parking spaces with private access for lease.
      1030 E Lancaster Ave, Bryn Mawr, PA 19010
      View Details
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    851 Lancaster Ave
    Bryn Mawr, PA 19010-3337
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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