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Property profile & analytics
OFF-MARKET
Estimated value
$6,015,000
Office buildings
910 Main St, Norristown, PA 19401-4112
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US73-5620473
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Total area
71,423 SF
Lot
3.71 ac (161,608 SF)
Zoning code
LI
APN
13-00-21824-00-6
UPID
US73-5620473
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
-
Santangelo's Cafe Restaurant
-
FedEx Drop Box Postal Service Courier Service
-
Rapid Neighborhood Plumbers Hardware & Home Improvement General Contractor
-
Wolfe Scott Corporate Office
-
Leach Family Roof Systems Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.80M
Blend (final)
Blend
$6.02M
Owner & transaction history
1000 E Main Street Prop INC · 17 yrs held
1000 E Main Street Prop INC
since 2009
7 recorded transactions
Zoning & alternative use
LI · Norristown, 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 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
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
RESTAURANT
$10,025,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$6.02M
Range $5.41M – $6.62M · ±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
$84 / 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
$141,062
Tax year 2023
Assessed value
$2,298,100
Assessed 2024
Previous assessed
$2,298,100
+0.0% YoY
Effective rate
6.14%
On assessed value
Total market value
$2,298,100
Applied tax rate
13.0000
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
1930
Heating
HOT WATER
Cooling
NONE
Total area
71,423 SF
Lot
3.71 ac (161,608 SF)
Zoning code
LI
APN
13-00-21824-00-6
UPID
US73-5620473
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LI · Norristown, PA
Zoning LI · permitted uses
LI · 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
RESTAURANT
Est. value
$10.0M
RESTAURANT
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
1930
Heating
HOT WATER
Cooling
Yes
Lot
3.71 ac
Current owner
From public records · entity-resolved
1000 E Main Street Prop INC
Entity
Mailing address
910 E MAIN ST STE #300, NORRISTOWN, PA 19401-4110
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2021
—
Farragut Family LP
—
Deed
related
$400,000 · Symertra Life Insurance Co
May 1, 2020
—
Farragut Family LP
—
Deed
related
$6,500,000 · Keybank USA
Jan 12, 2011
—
Farragut Family LP
—
Deed Of Trust
related
$5,855,000 · First Niagara Bank
Jun 30, 2010
—
Farragut Family LP
—
Deed Of Trust
related
$1,500,000 · Kenneth D III Farragut
Apr 9, 2009
—
1000 E Main Street Prop INC
1000 E Main Street Prop INC
Deed
—
Feb 6, 2008
—
Farragut Family
Philadelphia Macaroni
Grant Deed
—
Jul 18, 1997
—
Philadelphia Macaroni Co
—
Deed Of Trust
related
$29,000,000 · Cooperatieve Centrale Raiffeis
—
—
Farragut Family
—
Deed Of Trust
related
$1,440,000 · Citizens Bank Pennsylvania
—
—
Farragut Family LP
—
Deed Of Trust
related
$6,500,000 · Keybank USA
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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