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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Retail space
1040 2nd St Pike Richboro, PA 18954-1800
Individually Owned
16-yr Hold
Free & Clear
Property ID
US73-1388159
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Total area
9,520 SF
Lot
1.19 ac (51,793 SF)
Zoning code
IP
APN
31-009-029-002
UPID
US73-1388159
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
-
Fireside Flowers (Bike/Boat/Book/etc) Store Florist
-
UVA Ristorante Italiano Restaurant
-
Shred Nations Recycling Center Waste Management Facility
-
T-Mobile Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Journeys Unlimited Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.13M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.62M
Owner & transaction history
1040 Second Street Pike Assocs · 16 yrs held
1040 Second Street Pike Assocs
since 2010
2 recorded transactions
Zoning & alternative use
IP · Richboro, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.6M
+38.0%
Medical building
$2.4M
+24.6%
Commercial (general)
$2.3M
+20.8%
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%
$2,300,000
6.5%
$2,125,000
7%
$1,975,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,885,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,600,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$2,350,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,280,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,210,000
Change: +17% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,725,000
Change: -9% · Conversion: Moderate
OFFICE BUILDING
$1,555,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$170 / 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
$32,726
Tax year 2024
Assessed value
$169,910
Assessed 2024
Previous assessed
$169,910
+0.0% YoY
Effective rate
19.26%
On assessed value
Assessed land
$31,080
Assessed improvement
$138,830
Land market value
$425,752
Improvement market value
$1,901,773
Total market value
$2,327,525
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2011
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
9,520 SF
Lot
1.19 ac (51,793 SF)
Zoning code
IP
APN
31-009-029-002
UPID
US73-1388159
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
IP · Richboro, PA
Zoning IP · permitted uses
IP · 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
RETAIL STORES Current
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2011
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
1040 Second Street Pike Assocs
Individual
Free & Clear · 16 yrs held
Mailing address
1 PRESIDENTIAL BLVD STE #202, BALA CYNWYD, PA 19004-1019
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2012
—
1040 Second Street Pike Assocs
—
Deed Of Trust
related
$1,700,000 · Genworth Life Insurance Co
Mar 18, 2010
$1,000,000
1040 Second Street Pike Assocs
Td Bk NA
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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