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Property profile & analytics
OFF-MARKET
Estimated value
$60,065,000
Apartment buildings
890 Matlack St 312 West Chester, PA 19382-4571
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0808952
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2011
Total area
288,756 SF
Lot
12.6 ac (548,856 SF)
Zoning code
R3
APN
5207 00220000
UPID
US73-0808952
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
-
Semaconnect Charging Station Electric Vehicle Charging Station
-
The Point at West Chester Apartment Complex
-
S E Foster Lp-Management Apartment Building Professional Services
-
THE BROKER NETWORK Insurance Agency
-
The TCO Consulting Group Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$48.17M
Comparable Approach
Comparable
$72.31M
Blend (final)
Blend
$60.07M
Owner & transaction history
Pp West Chester II Owner LLC · 4 yrs held
Pp West Chester II Owner LLC
since 2021
Last sale
$62.1M
6 recorded transactions
Zoning & alternative use
R3 · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$96.3M
+75.7%
Office building
$82.0M
+49.6%
Commercial (general)
$80.2M
+46.4%
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 Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Chester 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%
$52,185,000
6.5%
$48,170,000
7%
$44,730,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$54,815,000
Current use
AUTO REPAIR, GARAGE
$96,295,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$82,000,000
Change: +50% · Conversion: Moderate
COMMERCIAL (GENERAL)
$80,240,000
Change: +46% · Conversion: Moderate
RESTAURANT
$78,395,000
Change: +43% · Conversion: Difficult
WAREHOUSE, STORAGE
$51,540,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$60.07M
Range $54.06M – $66.07M · ±10% · vs last sale $62.11M (Nov 22 2021)
Last sale anchor
$62.11M
Nov 22 2021
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
$208 / 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
$810,952
Tax year 2024
Assessed value
$27,976,000
Assessed 2024
Previous assessed
$27,976,000
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$482,990
Assessed improvement
$27,493,010
Land market value
$482,990
Improvement market value
$27,564,580
Total market value
$28,047,570
Applied tax rate
52.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
233
Units
230
Total area
288,756 SF
Lot
12.6 ac (548,856 SF)
Zoning code
R3
APN
5207 00220000
UPID
US73-0808952
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R3 · West Chester, PAZoning R3 · permitted uses
R3 · West Chester, 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$54.8M
AUTO REPAIR, GARAGE
Est. value
$96.3M
OFFICE BUILDING
Est. value
$82.0M
COMMERCIAL (GENERAL)
Est. value
$80.2M
RESTAURANT
Est. value
$78.4M
WAREHOUSE, STORAGE
Est. value
$51.5M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
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
2011
Heating
FORCED AIR
Cooling
Yes
Buildings
233
Units
230
Lot
12.6 ac
Current owner
From public records · entity-resolved
Pp West Chester II Owner LLC
Entity
Mailing address
395 W PASSAIC ST STE #251, ROCHELLE PARK, NJ 07662-3022
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
$62,106,720
Pp West Chester II Owner LLC
Spus8 West Chester LP
Special Warranty Deed
$53,700,000 · Wells Fargo Bank NA
Dec 4, 2017
—
Spus8 West Chester LP
—
Grant Deed
related
$75,800,000 · Bank Of America
Nov 3, 2017
$58,300,000
Spus8 West Chester LP
Pointe Apartments Owner LP
Grant Deed
—
Oct 17, 2013
$60,850,000
Apartments Owner LP Pointe
Vif II Of Jefferson/west Goshen L
Grant Deed
—
Aug 20, 2010
$3,280,000
Vif II Of Jefferson/west Goshen L
Spaz Beverage Co
Grant Deed
—
Aug 13, 2001
—
Spaz Beverage Co INC
Chester County Industrial Dev
Grant Deed
$1,200,000 · First National 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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