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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Investment properties
900 Park Ave Norristown, PA 19403-1077
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-1749018
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1847
Total area
7,499 SF
Lot
0.46 ac (20,000 SF)
Zoning code
C
APN
67-00-00814-00-1
UPID
US73-1749018
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
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$626k
Blend (final)
Blend
$640k
Owner & transaction history
900 Park Partners LLC · 3 yrs held
900 Park Partners LLC
since 2023
Last sale
$635,000
7 recorded transactions
Zoning & alternative use
C · Norristown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+16.8%
Neighborhood: shopping center
$975,000
+8.5%
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 Norristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norristown 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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$900,000
Current use
RESTAURANT
$1,055,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$975,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $635k (Jun 22 2023)
Last sale anchor
$635k
Jun 22 2023
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
$85 / 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
$7,713
Tax year 2023
Assessed value
$203,640
Assessed 2024
Previous assessed
$203,640
+0.0% YoY
Effective rate
3.79%
On assessed value
Assessed land
$40,040
Assessed improvement
$163,600
Land market value
$40,040
Improvement market value
$163,600
Total market value
$203,640
Applied tax rate
67.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1847
Heating
HOT WATER
Cooling
NONE
Stories
2
Rooms
14
Bathrooms
4
Total area
7,499 SF
Lot
0.46 ac (20,000 SF)
Zoning code
C
APN
67-00-00814-00-1
UPID
US73-1749018
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C · Norristown, PA
Zoning C · permitted uses
C · Norristown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norristown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$900,000
RESTAURANT
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$975,000
COMMERCIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1847
Heating
HOT WATER
Cooling
Yes
Stories
2
Rooms
14
Bathrooms
4
Lot
0.46 ac
Current owner
From public records · entity-resolved
900 Park Partners LLC
Entity
Mailing address
1071 JERVIN DR, ALLENTOWN, PA 18104-3456
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
—
900 Park Partners LLC
—
Deed
related
$1,140,000 · First Resource Bank
Jun 22, 2023
$635,000
900 Park Partners LLC
Melody M Barron
Deed
$585,000 · Black Rock Homes LLC
May 31, 2012
—
Melody M Barron
Barron Arthur L
Quit Claim Deed
related
—
—
—
Melody Barron
—
Deed Of Trust
related
$72,000 · Wachovia Bank NA
—
—
Arthur L Barron
—
Deed Of Trust
related
$66,724 · Chevy Chase Savings Bank
—
—
Arthur L Barron
—
Deed Of Trust
related
$23,695 · Chevy Chase Savings Bank
—
—
Arthur L Barron
—
Deed Of Trust
related
$82,412 · Chevy Chase Savings 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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