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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Warehouses
1 Fallsington Ave, Tullytown, PA 19007-6005
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0938820
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Total area
3,348 SF
Lot
1.69 ac (73,704 SF)
Zoning code
BC
APN
46-012-004
UPID
US73-0938820
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
$700k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$537k
Blend (final)
Blend
$545k
Owner & transaction history
William Steiner · 5 yrs held
William Steiner
since 2020
Last sale
$560,000
7 recorded transactions
Zoning & alternative use
BC · Tullytown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$825,000
+125.1%
Auto repair, garage
$780,000
+111.9%
Office building
$695,000
+88.9%
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 Tullytown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tullytown 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
$720,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$490,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$365,000
Current use
MEDICAL BUILDING
$825,000
Change: +125% · Conversion: Difficult
AUTO REPAIR, GARAGE
$780,000
Change: +112% · Conversion: Easy
OFFICE BUILDING
$695,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$665,000
Change: +81% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$605,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$470,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $560k (Oct 28 2020)
Last sale anchor
$560k
Oct 28 2020
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
$163 / 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
$14,270
Tax year 2024
Assessed value
$62,800
Assessed 2024
Previous assessed
$62,800
+0.0% YoY
Effective rate
22.72%
On assessed value
Assessed land
$17,520
Assessed improvement
$45,280
Land market value
$239,999
Improvement market value
$620,271
Total market value
$860,270
Applied tax rate
46.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Total area
3,348 SF
Lot
1.69 ac (73,704 SF)
Zoning code
BC
APN
46-012-004
UPID
US73-0938820
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
BC · Tullytown, PA
Zoning BC · permitted uses
BC · Tullytown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tullytown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$365,000
MEDICAL BUILDING
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$780,000
OFFICE BUILDING
Est. value
$695,000
RETAIL STORES
Est. value
$665,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$470,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1971
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
1.69 ac
Current owner
From public records · entity-resolved
William Steiner
Individual
Mailing address
146 BARLEY CT, LANGHORNE, PA 19047-8140
Ownership since
2020
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
Mar 31, 2025
—
William Steiner
—
Deed
related
$90,000 · Richard M Brem Ira
May 7, 2024
—
William J Steiner JR
—
Deed
related
$590,000 · Michael Marino
Dec 22, 2023
—
William J Steiner JR
—
Deed
related
$37,500 · Camaplan Fbo Paul Marturano Roth Ira
Jul 28, 2023
—
William Steiner
—
Deed
related
$500,000 · The First Natl Bank & Trust Broken Arrow
Aug 23, 2021
—
William Steiner
—
Deed
related
$2,100,000 · First National Bank & Trust Co Of Newtow
Oct 28, 2020
$560,000
William Steiner
Worthington Mark L/tr
Grant Deed
$495,000 · Worthington Mark L/tr (rt)
Nov 18, 2016
—
Worthington,mark Living Trust
Worthington,mark D
Quit Claim Deed
related
—
Apr 4, 2008
$300,000
Mark Worthington
Worthington,stanley L & Frances C
Grant Deed
related
—
Oct 10, 2001
—
Stanley L Worthington
Mark Supply Co INC
Grant Deed
related
—
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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