Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,650,000
Warehouses
1035 Louis Dr Warminster, PA 18974-2823
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-5792332
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
11,895 SF
Lot
1.14 ac (49,484 SF)
Zoning code
I
APN
49-009-079-020
UPID
US73-5792332
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
-
AmSterGen Life Sciences, Admin Center Pharmacy
-
AmSterGen Life Sciences, R&D Center Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.65M
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
Serenity Enterprises LLC · 1 yrs held
Serenity Enterprises LLC
since 2024
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
I · Warminster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+179.8%
Apartment house (5+ units)
$3.3M
+135.7%
Medical building
$2.9M
+112.9%
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 Warminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warminster 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
$2,650,000
ML approach
$2,650,000
CAP Approach
CAP Return
Estimation
6%
$2,030,000
6.5%
$1,870,000
7%
$1,740,000
Alternative Use
Use
Estimation
RESTAURANT
$3,860,000
Change: +180% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,250,000
Change: +136% · Conversion: Difficult
MEDICAL BUILDING
$2,935,000
Change: +113% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,845,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,765,000
Change: +100% · Conversion: Easy
RETAIL STORES
$2,355,000
Change: +71% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,155,000
Change: +56% · Conversion: Moderate
Blend value · Realmo final
$2.65M
Range $2.39M – $2.92M · ±10% · vs last sale $2.65M (Oct 15 2024)
Last sale anchor
$2.65M
Oct 15 2024
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
$223 / 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
$22,373
Tax year 2024
Assessed value
$106,000
Assessed 2024
Previous assessed
$106,000
+0.0% YoY
Effective rate
21.11%
On assessed value
Assessed land
$17,280
Assessed improvement
$88,720
Land market value
$236,711
Improvement market value
$1,215,337
Total market value
$1,452,048
Applied tax rate
49.0000
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
1979
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
11,895 SF
Lot
1.14 ac (49,484 SF)
Zoning code
I
APN
49-009-079-020
UPID
US73-5792332
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I · Warminster, PA
Zoning I · permitted uses
I · Warminster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warminster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1979
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Serenity Enterprises LLC
Entity
Mailing address
301 IVYLAND RD, WARMINSTER, PA 18974-2205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 15, 2024
—
Serenity Enterprises LLC
Bucks County Industrial Dev Authori
Agreement Of Sale
—
Oct 15, 2024
$2,650,000
1035 Louis Drive LLC
Bucks County Industrial Dev Authori
Deed
—
May 21, 2009
—
Bucks Cnty Indl Dev Authority
Bucks Cnty Economic Dev Corp
Quit Claim Deed
—
Nov 5, 2007
$352,500
Allan Pharmaceutical LLC
Bucks County Economic Dev Corp
Grant Deed
$220,000 · Bucks Cnty Economic Dev Corp
Apr 2, 2007
—
Bucks Cnty Economic Dev Corp
Mazel Properties
Grant Deed
$645,000 · Team Capital Bank
May 8, 2006
$495,000
Mazel Properties
Thalheimer Brothers INC
Grant Deed
$445,000 · Thalheimer Brothers INC
—
—
Serenity Ents LLC
—
Deed Of Trust
related
$200,000 · Bucks Cnty Economic Dev Corp
—
—
Serenity Ents LLC
—
Deed Of Trust
related
$920,000 · Team Capital Bank
—
—
Bucks County Economic Dev Corp
—
Deed Of Trust
related
$645,000 · Pennsylvania Ind'l Dev Auth
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?”
You own 1035 Louis Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
