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Property profile & analytics
OFF-MARKET
Estimated value
$3,300,000
Community centers
1 Pennsylvania Ave, Morrisville, PA 19067-7123
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-1694651
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1940
Total area
6,682 SF
Lot
2.26 ac (98,315 SF)
Zoning code
R2
APN
24-009-272-001
UPID
US73-1694651
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
$3.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$3.30M
Owner & transaction history
Mill Pond Real Estate LLC · 3 yrs held
Mill Pond Real Estate LLC
since 2022
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
R2 · Morrisville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+79.2%
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 Morrisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrisville 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
$3,250,000
ML approach
$3,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,165,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$3.30M
Range $2.97M – $3.63M · ±10% · vs last sale $3.35M (Jul 29 2022)
Last sale anchor
$3.35M
Jul 29 2022
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
$494 / 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
$63,684
Tax year 2024
Assessed value
$197,800
Assessed 2024
Previous assessed
$197,800
+0.0% YoY
Effective rate
32.20%
On assessed value
Assessed land
$39,280
Assessed improvement
$158,520
Land market value
$538,080
Improvement market value
$2,171,497
Total market value
$2,709,577
Applied tax rate
24.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1940
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
1
Total area
6,682 SF
Lot
2.26 ac (98,315 SF)
Zoning code
R2
APN
24-009-272-001
UPID
US73-1694651
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Morrisville, PA
Zoning R2 · permitted uses
R2 · Morrisville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.2M
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
1940
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
2.26 ac
Current owner
From public records · entity-resolved
Mill Pond Real Estate LLC
Entity
Mailing address
503 STATE RD, CROYDON, PA 19021-7442
Ownership since
2022
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 29, 2022
$3,350,000
Mill Pond Real Estate LLC
Ambaji Shopps INC
Deed
$2,513,000 · First Bank
Mar 13, 2006
$2,100,000
Ambaji Shopps INC
Mill Pond LP
Deed
$1,200,000 · Wachovia Bank NA
Apr 10, 2001
$60,000
Bucks Pa Enterprises LLC
Mill Pond LP
Grant Deed
—
—
—
Mill Pond LP
—
Deed Of Trust
related
$920,000 · Premier Bank
—
—
Mill Pond
—
Deed Of Trust
related
$250,000 · Premier Bank
—
—
Mill Pond LP
—
Deed Of Trust
related
$30,000 · Individual
—
—
Mill Pond LP
—
Deed Of Trust
related
$407,000 · Premier 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.
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