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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Office buildings
905 Sproul Rd 208 Springfield, PA 19064-1254
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2299584
Property summary
AI-generated overview
Springfield Plaza, located at 905 W Sproul Rd, Springfield, PA 19064, offers a unique retail opportunity. This property features a vacant space ranging from 1,700 to a maximum contiguous 5,575 square feet. Previously occupied by a bank, the space boasts a highly desirable double drive-thru, a significant advantage for businesses requiring convenient customer access. The location within Delaware County provides exceptional visibility from both State Road and Sproul Road, ensuring high traffic and strong brand exposure. The property benefits from a robust market, with a substantial customer base
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Total area
46,569 SF
Lot
1.36 ac (59,313 SF)
APN
42-00-06622-00
UPID
US73-2299584
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$2.26M
Owner & transaction history
Springfield Plaza Associates · 7 yrs held
Springfield Plaza Associates
since 2018
4 recorded transactions
Zoning & alternative use
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 Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield 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
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±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
$48 / 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
$103,996
Tax year 2024
Assessed value
$3,700,000
Assessed 2024
Previous assessed
$3,700,000
+0.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$537,340
Assessed improvement
$3,162,660
Total market value
$3,700,000
Applied tax rate
4,212.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1965
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
46,569 SF
Lot
1.36 ac (59,313 SF)
APN
42-00-06622-00
UPID
US73-2299584
Jurisdiction
DELAWARE
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.36 ac
Current owner
From public records · entity-resolved
Springfield Plaza Associates
Entity
Mailing address
150 ALLENDALE RD, KING OF PRUSSIA, PA 19406-2926
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Dec 11, 2018
—
Springfield Plaza Associates
—
Deed
related
$592,074 · Td Bank NA
Oct 29, 2010
—
Springfield Plaza Assocs LP
—
Deed Of Trust
related
$4,250,000 · Td Bank NA
Jan 6, 2003
—
Springfield Plaza Associates
—
Trustees Deed
related
$3,750,000 · Alliance Bank
—
—
Springfield Plaza Assocs
—
Deed Of Trust
related
$1,000,000 · Alliance 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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