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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Office buildings
902 Skippack Pike Blue Bell, PA 19422-1580
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2267468
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Total area
2,967 SF
Lot
0.83 ac (36,068 SF)
Zoning code
R2
APN
66-00-06241-00-2
UPID
US73-2267468
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
-
Philadelphia Best Electricians Co Electrical Service General Contractor
-
Appraisal Quest Inc Real Estate Agency
-
Nanci Kane-Troxel, Realtor Real Estate Agency
-
FABIO PILO, Realty One Group Restore-BlueBell Real Estate Agency
-
Arch Dental Implants & Oral Surgery Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$567k
Blend (final)
Blend
$850k
Owner & transaction history
Wischman Skippack LLC · 3 yrs held
Wischman Skippack LLC
since 2022
Last sale
$850,000
4 recorded transactions
Zoning & alternative use
R2 · Blue Bell, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$875,000
+80.6%
Retail stores
$800,000
+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 Blue Bell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blue Bell 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
$880,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$875,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$800,000
Change: +65% · Conversion: Moderate
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Nov 4 2022)
Last sale anchor
$850k
Nov 4 2022
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
$286 / 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
$7,530
Tax year 2023
Assessed value
$238,530
Assessed 2024
Previous assessed
$238,530
+0.0% YoY
Effective rate
3.16%
On assessed value
Assessed land
$175,060
Assessed improvement
$63,470
Land market value
$175,060
Improvement market value
$63,470
Total market value
$238,530
Applied tax rate
66.0000
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
1961
Heating
FORCED AIR
Cooling
CENTRAL
Total area
2,967 SF
Lot
0.83 ac (36,068 SF)
Zoning code
R2
APN
66-00-06241-00-2
UPID
US73-2267468
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Blue Bell, PAZoning R2 · permitted uses
R2 · Blue Bell, 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
AUTO REPAIR, GARAGE
Est. value
$875,000
RETAIL STORES
Est. value
$800,000
AUTO REPAIR, GARAGE
RETAIL STORES
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
1961
Heating
FORCED AIR
Cooling
Yes
Lot
0.83 ac
Current owner
From public records · entity-resolved
Wischman Skippack LLC
Entity
Mailing address
608 WISCHMAN AVE, ORELAND, PA 19075-1006
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2022
$850,000
Wischman Skippack LLC
Landtech Properties LLC
Deed
$637,500 · Capital Bank NA
Oct 3, 2006
—
Landtech Prop LLC
John J Mailey III
Deed
—
—
—
Landtech Properties LLC
—
Deed Of Trust
related
$150,000 · Td Bank NA
—
—
Landtech Properties LLC
—
Deed Of Trust
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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