Back to Search
Property profile & analytics
FOR LEASE
Office buildings
10 Friends Ln Newtown, PA 18940
Entity Owned
~
Est. High Equity
Property ID
US73-5607718
For Lease
$5,995,000
10 Friends Ln, Newtown, PA 18940
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
27,590 SF
Lot
7.24 ac (315,244 SF)
Zoning code
LI
APN
29-010-099-004
UPID
US73-5607718
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
$7.12M
Comparable Approach
Comparable
$6.72M
Blend (final)
Blend
$6.00M
Owner & transaction history
Mb Vet Realty LLC
Mb Vet Realty LLC
since 2026
5 recorded transactions
Zoning & alternative use
LI · Newtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.0M
+29.3%
Apartment house (5+ units)
$7.5M
+8.9%
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 Newtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newtown 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,710,000
6.5%
$7,120,000
7%
$6,610,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,920,000
Current use
RESTAURANT
$8,950,000
Change: +29% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,540,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$6,810,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,600,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,410,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$6.00M
Range $5.40M – $6.59M · ±10%
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
$217 / 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
$88,036
Tax year 2024
Assessed value
$495,360
Assessed 2024
Previous assessed
$495,360
+0.0% YoY
Effective rate
17.77%
On assessed value
Assessed land
$141,880
Assessed improvement
$353,480
Land market value
$1,943,553
Improvement market value
$4,842,171
Total market value
$6,785,724
Applied tax rate
29.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2000
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
27,590 SF
Lot
7.24 ac (315,244 SF)
Zoning code
LI
APN
29-010-099-004
UPID
US73-5607718
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LI · Newtown, PA
Zoning LI · permitted uses
LI · Newtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newtown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.9M
RESTAURANT
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.4M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2000
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
7.24 ac
Current owner
From public records · entity-resolved
Mb Vet Realty LLC
Entity
Mailing address
125 BROWNSBURG RD, NEW HOPE, PA 18938-9239
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2026
$3,900,000
Mb Vet Realty LLC
Lithos LP
Deed
$5,000,000 · Live Oak Banking Company
Jan 22, 2008
$3,800,000
Lithos LP
Ametek Land INC
Special Warranty Deed
$3,800,000 · Wachovia Bank NA
Jun 16, 2006
$3,963,000
Ametek Land INC
Land Instruments Intl INC
Grant Deed
—
Jun 16, 2006
—
Land Instruments Intl INC
Bucks County Economic Dev Corp
Grant Deed
—
Feb 8, 2001
—
Bucks County Economic Dev Corp
Land Instruments International
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
