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Property profile & analytics
OFF-MARKET
Estimated value
$20,760,000
Outlet malls
Shoppers Ln Elkins Park, PA 19027
Entity Owned
12-yr Hold
Free & Clear
Property ID
US73-2204053
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2009
Total area
134,963 SF
Lot
10.1 ac (439,956 SF)
Zoning code
C2
APN
31-00-05704-00-7
UPID
US73-2204053
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
by Request
Blend (final)
Blend
$20.76M
Owner & transaction history
Target Corp · 12 yrs held
Target Corp
since 2014
7 recorded transactions
Zoning & alternative use
C2 · Elkins Park, 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 Elkins Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elkins Park 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
$154 / 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
$487,081
Tax year 2023
Assessed value
$7,293,000
Assessed 2024
Previous assessed
$7,293,000
+0.0% YoY
Effective rate
6.68%
On assessed value
Total market value
$7,293,000
Applied tax rate
31.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
CENTRAL
Total area
134,963 SF
Lot
10.1 ac (439,956 SF)
Zoning code
C2
APN
31-00-05704-00-7
UPID
US73-2204053
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Elkins Park, PAZoning C2 · permitted uses
C2 · Elkins Park, 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
2009
Heating
FORCED AIR
Cooling
Yes
Lot
10.1 ac
Current owner
From public records · entity-resolved
Target Corp
Entity
Free & Clear · 12 yrs held
Mailing address
MINNEAPOLIS, MN 55403
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2014
$8,900,000
Target Corp
Onyx Equities LLC
Grant Deed
—
Mar 18, 2010
—
Chick-fil-a INC
Chick-fil-a INC
Quit Claim Deed
related
—
Jan 30, 2009
$112,674
Grayling Corp
Thor Gp Cheltenham Mall Corp
Grant Deed
—
Jan 30, 2009
—
Grayling Corp
Thor Gp Cheltenham Mall Corp
Grant Deed
related
—
Sep 16, 2008
—
Thor Cheltenham Mall
Cheltenham Township
Quit Claim Deed
related
—
Dec 28, 2005
$71,500,000
Thor Cheltenham Mall LP
Simon Cap LP
Deed
—
Oct 17, 1997
$48,346,830
Simon Capital LP
Debartolo Capital Partnership
Grant Deed
related
$225,000,000 · Chase Manhattan 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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