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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Flex space
9035 Gap Newport Pike Avondale, PA 19311-9711
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2368780
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1958
Total area
8,540 SF
Lot
2.7 ac (117,612 SF)
Zoning code
UD
APN
6004 00360000
UPID
US73-2368780
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
-
CrossFit Wheelhouse Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.69M
CAP Approach
CAP
$965k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
Mcgovern Properties LP · 3 yrs held
Mcgovern Properties LP
since 2022
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
UD · Avondale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+79.6%
Restaurant
$1.8M
+70.3%
Auto repair, garage
$1.8M
+68.2%
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
$1,690,000
ML approach
$1,685,000
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,085,000
Current use
COMMERCIAL (GENERAL)
$1,950,000
Change: +80% · Conversion: Difficult
RESTAURANT
$1,845,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,825,000
Change: +68% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,620,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$1,590,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,140,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10% · vs last sale $1.50M (Nov 2 2022)
Last sale anchor
$1.50M
Nov 2 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
$187 / 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
$9,266
Tax year 2024
Assessed value
$231,380
Assessed 2024
Previous assessed
$231,380
+0.0% YoY
Effective rate
4.00%
On assessed value
Assessed land
$114,000
Assessed improvement
$117,380
Land market value
$114,000
Improvement market value
$120,530
Total market value
$234,530
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1958
Heating
YES
Cooling
WINDOW A/C
Total area
8,540 SF
Lot
2.7 ac (117,612 SF)
Zoning code
UD
APN
6004 00360000
UPID
US73-2368780
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1958
Heating
YES
Cooling
Yes
Lot
2.7 ac
Current owner
From public records · entity-resolved
Mcgovern Properties LP
Entity
Mailing address
920 S BOLMAR ST, WEST CHESTER, PA 19382-4906
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 2, 2022
$1,500,000
Mcgovern Properties LP
Achilles Exotics INC
Deed
$1,000,000 · Henry Ciarrocchi
Sep 25, 1998
$210,000
Achilles Exotics INC
Gloria Satriale Trustee
Grant Deed
$168,000 · Corestates Bank
—
—
Achilles Exotics INC
—
Deed Of Trust
related
$1,249,900 · Albert Ciarrocchi
—
—
Achilles Exotics INC
—
Deed Of Trust
related
$102,200 · Wachovia Bank NA
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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