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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Retail residential properties
1 Sugan Rd New Hope, PA 18938-1419
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-2023786
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1950
Total area
1,836 SF
Lot
0.27 ac (11,935 SF)
Zoning code
HC
APN
27-003-004
UPID
US73-2023786
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
-
Parsons Capital Management LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$500k
Owner & transaction history
Russell J Parsons · 7 yrs held
Russell J Parsons
since 2018
7 recorded transactions
Zoning & alternative use
HC · New Hope, 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 New Hope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hope 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
$272 / 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
$7,785
Tax year 2024
Assessed value
$51,000
Assessed 2024
Previous assessed
$51,000
+0.0% YoY
Effective rate
15.26%
On assessed value
Assessed land
$15,080
Assessed improvement
$35,920
Land market value
$206,574
Improvement market value
$492,053
Total market value
$698,627
Applied tax rate
27.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1950
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
1,836 SF
Lot
0.27 ac (11,935 SF)
Zoning code
HC
APN
27-003-004
UPID
US73-2023786
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
HC · New Hope, PA
Zoning HC · permitted uses
HC · New Hope, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Hope. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Russell J Parsons
Individual
Mailing address
1 S SUGAN RD, NEW HOPE, PA 18938-1419
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Dec 24, 2018
$895,000
Russell J Parsons
Otto,elizabeth J
Grant Deed
—
Jul 17, 1997
—
Elizabeth J Otto
Otto,lisa J
Quit Claim Deed
related
$304,000 · Corestates Bank
—
—
Elizabeth J Otto
—
Deed Of Trust
related
$100,000 · Bucks County Bank
—
—
Elizabeth J Otto
—
Deed Of Trust
related
$233,500 · Bucks County Bank
—
—
Elizabeth J Otto
—
Deed Of Trust
related
$713,000 · Bucks County Bank
—
—
Elizabeth J Otto
—
Deed Of Trust
related
$38,000 · First Service Bank
—
—
Elizabeth J Otto
—
Deed Of Trust
related
$1,500,000 · Bucks County Bank
—
—
Elizabeth J Otto
—
Deed Of Trust
related
$472,000 · First Service Bank
—
—
Elizabeth J Otto
—
Deed Of Trust
related
$240,000 · Bucks County 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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