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Property profile & analytics
OFF-MARKET
Estimated value
$17,945,000
Warehouses
1050 Wheeler Way Langhorne, PA 19047-1708
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2354364
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Total area
110,180 SF
Lot
10 ac (435,600 SF)
Zoning code
M1
APN
22-021-066-002
UPID
US73-2354364
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
-
Langhorne AutoParts Warehouse Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.34M
Comparable Approach
Comparable
$16.19M
Blend (final)
Blend
$17.95M
Owner & transaction history
Nbphi 1050 Wheeler LLC · 4 yrs held
Nbphi 1050 Wheeler LLC
since 2022
Last sale
$21.8M
6 recorded transactions
Zoning & alternative use
M1 · Langhorne, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$27.2M
+64.5%
Retail stores
$22.8M
+37.8%
Office building
$21.1M
+27.7%
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 Langhorne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Langhorne 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
$21,145,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,785,000
6.5%
$17,340,000
7%
$16,100,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$16,535,000
Current use
MEDICAL BUILDING
$27,190,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$22,780,000
Change: +38% · Conversion: Moderate
OFFICE BUILDING
$21,115,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$19,950,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$17.95M
Range $16.15M – $19.74M · ±10% · vs last sale $21.80M (Jan 24 2022)
Last sale anchor
$21.80M
Jan 24 2022
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
$163 / 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
$148,494
Tax year 2024
Assessed value
$682,090
Assessed 2024
Previous assessed
$682,090
+0.0% YoY
Effective rate
21.77%
On assessed value
Assessed land
$174,240
Assessed improvement
$507,850
Land market value
$2,386,839
Improvement market value
$6,956,819
Total market value
$9,343,658
Applied tax rate
22.0000
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
1975
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
110,180 SF
Lot
10 ac (435,600 SF)
Zoning code
M1
APN
22-021-066-002
UPID
US73-2354364
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Langhorne, PA
Zoning M1 · permitted uses
M1 · Langhorne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Langhorne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$16.5M
MEDICAL BUILDING
Est. value
$27.2M
RETAIL STORES
Est. value
$22.8M
OFFICE BUILDING
Est. value
$21.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.0M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1975
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
10 ac
Current owner
From public records · entity-resolved
Nbphi 1050 Wheeler LLC
Entity
Mailing address
401 EDGEWATER PL STE #265, WAKEFIELD, MA 01880-6241
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
$21,800,000
Nbphi 1050 Wheeler LLC
Paris Real Estate LP
Special Warranty Deed
$52,300,000 · Silicon Valley Bank
Sep 25, 2018
$3,420,000
Paris Real Estate LP
Bucks Cnty Economic Dev Corp
Grant Deed
—
Oct 12, 2017
—
Paris Real Estate LP
—
Deed
related
$200,000 · M & T Bank
Aug 9, 2012
—
Bucks County Economic Dev Corp
—
Deed Of Trust
related
$3,420,000 · Pennsylvania Ind'l Dev Auth
Aug 26, 2011
—
Bucks County Economic Dev Corp
Domtar Paper Co LLC
Grant Deed
$3,420,000 · M & T Bank
Mar 26, 2007
$6,172,716
Domtar Paper Co LLC
Weyerhaeuser Co
Special Warranty Deed
$195,000,000 · Jpmorgan Chase Bank NA
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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