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Property profile & analytics
OFF-MARKET
Estimated value
$8,325,000
Strip malls
1025 2nd St Pike Richboro, PA 18954-1803
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1048066
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2022
Total area
50,725 SF
Lot
8.96 ac (390,298 SF)
Zoning code
C3
APN
31-005-103
UPID
US73-1048066
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
-
Citizens ATM Atm
-
Coinstar Kiosk | Bitcoin ATM Shopping Center & Mall (Bike/Boat/Book/etc) Store
-
GIANT Grocery & Convenience Store Food Market
-
Volta Charging Station Electric Vehicle Charging Station
-
Jo Neutson Interior Design Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.33M
Owner & transaction history
Northampton Bucks Couty Muni Author · 4 yrs held
Northampton Bucks Couty Muni Author
since 2022
7 recorded transactions
Zoning & alternative use
C3 · Richboro, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.9M
+50.9%
Medical building
$12.5M
+36.3%
Commercial (general)
$12.1M
+32.1%
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 Richboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richboro 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,185,000
Current use
APARTMENT HOUSE (5+ UNITS)
$13,860,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$12,520,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,135,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,785,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$10,045,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$8,290,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$8.33M
Range $7.49M – $9.16M · ±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
$164 / 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
$236,569
Tax year 2024
Assessed value
$1,228,250
Assessed 2024
Previous assessed
$1,228,250
+0.0% YoY
Effective rate
19.26%
On assessed value
Assessed land
$216,240
Assessed improvement
$1,012,010
Land market value
$2,962,179
Improvement market value
$13,863,090
Total market value
$16,825,269
Applied tax rate
31.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2022
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
1
Total area
50,725 SF
Lot
8.96 ac (390,298 SF)
Zoning code
C3
APN
31-005-103
UPID
US73-1048066
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C3 · Richboro, PA
Zoning C3 · permitted uses
C3 · Richboro, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.9M
MEDICAL BUILDING
Est. value
$12.5M
COMMERCIAL (GENERAL)
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$11.8M
RETAIL STORES
Est. value
$10.0M
OFFICE BUILDING
Est. value
$8.3M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
2022
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
8.96 ac
Current owner
From public records · entity-resolved
Northampton Bucks Couty Muni Author
Individual
Mailing address
307 FELLOWSHIP RD STE #300, MOUNT LAUREL, NJ 08054-1233
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
May 10, 2022
—
Northampton Bucks Couty Muni Author
Richboro Plaza Associates L
Deed
—
May 2, 2022
—
Richboro Plaza Assocltes LP
—
Deed
related
$15,225,000 · Genworth Life Insurance Company
Oct 6, 2016
—
Richboro Plaza Associates LP
—
Deed
related
$12,200,000 · Miscellaneous Ins Co
Jun 26, 2002
$7,650,000
Amc Delancey Richboro Partners
Davisville Properties Corp
Grant Deed
$6,200,000 · Gmac Commercial Mortgage Corp
—
—
Amc Delancey Richboro Ptrs
—
Deed Of Trust
related
$14,000,000 · Bear Stearns Commercial Mtg
—
—
Amc Delancey Richboro Partners
—
Deed Of Trust
related
$8,600,000 · Bear Stearns Commercial Mtg
—
—
Richboro Plaza Associates LP
—
Deed Of Trust
related
$12,200,000 · Miscellaneous Ins Co
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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