450 SARGENT DR
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Location
450 SARGENT DR
Mblu
205/ 1304/ 01800/ /
Acct#
205 1304 01800
Owner
IKEA PROPERTY INC
Total Market Value
$17,675,000
Appraisal
$25,250,000
PID
10639
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$14,536,000$10,714,000$25,250,000
Assessment
Valuation YearImprovementsLandTotal
2025$10,175,200$7,499,800$17,675,000

Owner of Record
OwnerIKEA PROPERTY INC
Co-Owner
Address420 ALAN WOOD RD
ATTN: TAX DEPT
CONSHOHOCKEN, PA 19428
Sale Price$19,750,000
Certificate
Book & Page 6367/0142
Sale Date03/20/2003
Instrument7

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
IKEA PROPERTY INC$19,750,000 6367/0142703/20/2003
SARGENT DRIVE AQUISTION LLC$0 5833/0029104/05/2001
NEW HAVEN ACQUISITION LLC $0 5520/0017 06/30/1999

Building Information
Building 1 : Section 1
Year Built: 2004
Living Area: 297,601
Replacement Cost: $27,444,040
Building Percent Good: 90
Replacement Cost
Less Depreciation:
$24,699,600
Building Attributes
FieldDescription
Style:Retail>10th sf
ModelCommercial
GradeAbove Average
Stories:2
Occupancy1.00
Exterior Wall 1Pre-finsh Metl
Exterior Wall 2 
Roof StructureFlat
Roof CoverT&G/Rubber
Interior Wall 1Drywall/Plaste
Interior Wall 2Minim/Masonry
Interior Floor 1Vinyl/Asphalt
Interior Floor 2Concr-Finished
Heating FuelGas/Oil
Heating TypeFA/HW/ST
AC TypeCentral
Bldg UseSTORE/SHOP MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
NBHD CodeHILL/LONWHARF
1st Floor Use:3400
Heat/ACHEAT/AC PKGS
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallCEILING ONLY
Rooms/PrtnsAVERAGE
Wall Height18.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 117,584 117,584
FUSFinished Upper Story 117,784 111,895
SPAService Production Area 85,152 68,122
CLPCovered Loading Platform 1,344 0
CTHCathedral Ceiling 85,152 0
FOPOpen Porch 8,704 0
PTOPatio 1,302 0
   417,022 297,601

Extra Features
Extra Features
CodeDescriptionSizeValueAssessed ValueBldg #
ELV2PASS ELEV2.00 STOPS$55,800$39,0601
LDL1LOAD LEVELERS7.00 UNITS$22,700$15,8901
SPR1SPRINKLERS-WET310276.00 S.F.$726,000$508,2001
ELV2PASS ELEV2.00 STOPS$55,800$39,0601
ELV1FREIGHT ELEV2.00 STOPS$30,600$21,4201

Land
Land Use
Use Code3220
DescriptionSTORE/SHOP MDL-94  
ZonePDD 100
NeighborhoodSAR
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)16.7
Frontage1
Depth0
Total Market Land$7,499,800
Appraised Value$10,714,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueAssessed ValueBldg #
PAV1PAVING-ASPHALT  557700.00 S.F.$1,714,900$1,200,4301
LT10W/DOUBLE LIGHT  20.00 UNITS$47,300$33,1101
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$14,536,000$10,714,000$25,250,000
2024$27,352,700$10,714,000$38,066,700
2023$27,352,700$10,714,000$38,066,700

Assessment
Valuation YearImprovementsLandTotal
2025$10,175,200$7,499,800$17,675,000
2024$19,146,890$7,499,800$26,646,690
2023$19,146,890$7,499,800$26,646,690

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