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Property profile & analytics
OFF-MARKET
Super regional malls
967 Lancaster Ave Downingtown, PA 19335-3328
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0663398
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1999
Total area
115,050 SF
Lot
49.06 ac (2,137,054 SF)
Zoning code
OC1
APN
4002 00720000
UPID
US73-0663398
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
-
Amy Valle Physician
-
Paul Wilson Pediatrician Physician
-
Rebecca Hartranft Physician
-
Joseph Lopez Physician
-
Patient First Primary and Urgent Care - Downingtown Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Free Range Ashbridge LLC · 3 yrs held
Free Range Ashbridge LLC
since 2023
Last sale
$33.0M
7 recorded transactions
Zoning & alternative use
OC1 · Downingtown, 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 Downingtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downingtown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,098,180
Tax year 2024
Assessed value
$31,058,000
Assessed 2024
Previous assessed
$31,058,000
+0.0% YoY
Effective rate
3.54%
On assessed value
Assessed land
$4,764,070
Assessed improvement
$26,293,930
Land market value
$4,764,070
Improvement market value
$28,138,670
Total market value
$32,902,740
Applied tax rate
40.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1999
Heating
YES
Cooling
WINDOW A/C
Buildings
24
Units
1
Total area
115,050 SF
Lot
49.06 ac (2,137,054 SF)
Zoning code
OC1
APN
4002 00720000
UPID
US73-0663398
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
OC1 · Downingtown, PAZoning OC1 · permitted uses
OC1 · Downingtown, PA
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
1999
Heating
YES
Cooling
Yes
Buildings
24
Units
1
Lot
49.06 ac
Current owner
From public records · entity-resolved
Free Range Ashbridge LLC
Entity
Mailing address
120 PENNSYLVANIA AVE, MALVERN, PA 19355-2418
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2023
$33,000,000
Free Range Ashbridge LLC
Bre Ddr Iva Ashbridge Pa LLC
Special Warranty Deed
$23,000,000 · M & T Bank
Jan 30, 2018
—
Bre Ddr Iva Ashbridge Pa LLC
—
Grant Deed
related
$130,100,000 · Wells Fargo Bk
Dec 29, 2015
$46,924,969
Bre Ddr Iva Ashbridge Pa LLC
Morris Ashbridge Associates LP
Grant Deed
—
Jul 8, 2011
$51,750,000
Morris Ashbridge Associates LP
Pacific Crest Holdings LP
Grant Deed
$38,313,736 · New York Life Insurance
Mar 12, 2008
—
Pacific Crest Holdings
—
Deed Of Trust
related
$40,000,000 · Miscellaneous Ins Co
Aug 3, 2005
$38,724
Pacific Crest Holdings
B & S Pike Associates
Grant Deed
—
—
—
Morris Ashbridge Associates LP
—
Loan Modification
related
$40,000,000 · Miscellaneous Ins Co
—
—
Morris Ashbridge Associates LP
—
Loan Modification
related
$40,000,000 · Miscellaneous Ins Co
—
—
Morris Ashbridge Associates LP
—
Loan Modification
related
$40,000,000 · Miscellaneous Ins Co
—
—
Pf Downingtown LLC
—
Loan Modification
related
$3,100,000 · Essa Bk&tr
—
—
Pf Downingtown LLC
—
Deed Of Trust
related
$2,580,000 · Republic Bk
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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