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Property profile & analytics
OFF-MARKET
Estimated value
$7,655,000
Warehouses
9021 Gap Newport Pike Avondale, PA 19311-9711
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-2258446
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Total area
75,264 SF
Lot
9.2 ac (400,752 SF)
Zoning code
UD
APN
6004 00350000
UPID
US73-2258446
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
-
New Garden Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.66M
Owner & transaction history
Mark Property Management LP · 6 yrs held
Mark Property Management LP
since 2020
7 recorded transactions
Zoning & alternative use
UD · Avondale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Avondale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avondale 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,060,000
Current use
INDUSTRIAL (GENERAL)
$9,560,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$7.66M
Range $6.89M – $8.42M · ±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
$102 / 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
$119,441
Tax year 2024
Assessed value
$2,982,420
Assessed 2024
Previous assessed
$102,600
+2,806.8% YoY
Effective rate
4.00%
On assessed value
Assessed land
$89,510
Assessed improvement
$2,892,910
Land market value
$89,510
Improvement market value
$3,023,620
Total market value
$3,113,130
Applied tax rate
60.0000
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
2021
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Total area
75,264 SF
Lot
9.2 ac (400,752 SF)
Zoning code
UD
APN
6004 00350000
UPID
US73-2258446
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
UD · Avondale, PA
Zoning UD · permitted uses
UD · Avondale, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avondale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$10.1M
INDUSTRIAL (GENERAL)
Est. value
$9.6M
WAREHOUSE, STORAGE Current
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
2021
Heating
FORCED AIR
Cooling
Yes
Buildings
5
Lot
9.2 ac
Current owner
From public records · entity-resolved
Mark Property Management LP
Entity
Mailing address
206 N JENNERSVILLE RD STE #105, WEST GROVE, PA 19390-9326
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
—
Mark Property Management LP
—
Deed
related
$1,500,000 · Wilmington Savings Fund Society Fsb
Aug 27, 2021
—
Mark Property Management LP
—
Deed
related
$6,000,000 · Bryn Mawr Trust Co
Jul 15, 2020
$545,323
Mark Property Management LP
James E Mark
Grant Deed
—
Jun 24, 2020
—
James E Mark
Hector Road LLC
Grant Deed
—
Nov 16, 2018
$595,000
Hector Road LLC
Benjamin Investments LLC
Grant Deed
—
Jan 6, 2014
$424,993
Benjamin Investments LLC
Wilkinson Distinction LP
Grant Deed
$1,120,000 · Modern Soils INC
Jan 4, 2007
$1,400,000
Wilkinson Distinction
Modern Soils INC
Grant Deed
$1,120,000 · Modern Soils INC
Sep 16, 2004
—
Modern Soils INC
—
Deed Of Trust
related
$29,000,000 · Citizens Bank Pennsylvania
Aug 10, 2001
$750,000
Modern Soils INC
Springer,john A & Hazel M
Grant Deed
$760,000 · Peoples Bank Oxford
—
—
Benjamin Investments LLC
—
Loan Modification
related
$1,120,000 · Modern Soils INC
—
—
Benjamin Investments LLC
—
Loan Modification
related
$1,120,000 · Modern Soils INC
—
—
Wilkinson Distinction LP
—
Deed Of Trust
related
$1,254,492 · Modern Soils INC
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.
Try Rey
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