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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Warehouses
11 Steel E Rd Morrisville, PA 19067-3613
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-1472975
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2016
Total area
21,879 SF
Lot
13.2 ac (575,079 SF)
Zoning code
H1
APN
13-047-152
UPID
US73-1472975
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
$3.45M
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$2.55M
Owner & transaction history
Gelest INC · 5 yrs held
Gelest INC
since 2021
7 recorded transactions
Zoning & alternative use
H1 · Morrisville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Morrisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrisville 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%
$3,730,000
6.5%
$3,445,000
7%
$3,195,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,545,000
Current use
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±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
$117 / 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
$123,565
Tax year 2024
Assessed value
$554,840
Assessed 2024
Previous assessed
$554,840
+0.0% YoY
Effective rate
22.27%
On assessed value
Assessed land
$120,300
Assessed improvement
$434,540
Land market value
$1,647,938
Improvement market value
$5,952,577
Total market value
$7,600,515
Applied tax rate
13.0000
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
2016
Heating
CENTRAL
Cooling
YES
Buildings
4
Stories
1
Total area
21,879 SF
Lot
13.2 ac (575,079 SF)
Zoning code
H1
APN
13-047-152
UPID
US73-1472975
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
H1 · Morrisville, PA
Zoning H1 · permitted uses
H1 · Morrisville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.5M
WAREHOUSE, STORAGE Current
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
2016
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Lot
13.2 ac
Current owner
From public records · entity-resolved
Gelest INC
Entity
Mailing address
11 STEEL RD E, MORRISVILLE, PA 19067-3613
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2021
—
Gelest INC
Gelest Realty INC
Deed
—
Sep 23, 2019
—
Gelest Realty INC
—
Grant Deed
related
$6,475,000 · Antares Cap
Aug 14, 2017
—
Gelest Realty INC
Bucks County Ecomomic Developemnt C
Intrafamily Transfer
related
$2,650,000 · Wells Fargo Bank NA
Jun 6, 2016
—
Bucks Cnty Economic Dev Corp
—
Deed
related
$2,250,000 · Industrial Dev Auth
Jan 3, 2011
—
Gelest Realty INC
—
Deed Of Trust
related
$2,000,000 · Bucks Cnty Ind'l Dev Authority
Apr 18, 2007
—
Bucks Cnty Economic Dev Corp
Bucks Cnty Economic Dev Corp
Quit Claim Deed
—
Mar 10, 2005
—
Gelest Realty INC
Bucks County Economic Dev Corp
Grant Deed
$1,400,000 · Industrial Dev Auth
May 30, 2000
$300,000
Gelest Realty INC
Betz Dearborn INC
Grant Deed
$308,000 · Gelest INC
—
—
Gelest Realty INC
—
Deed Of Trust
related
$1,500,000 · Sovereign Bank
—
—
Gelest Realty INC
—
Deed Of Trust
related
$1,400,000 · Sovereign Bank
—
—
Gelest Realty INC
—
Deed Of Trust
related
$2,425,000 · Industrial Dev Auth Bucks Coun
—
—
Bucks County Economic Dev Corp
—
Deed Of Trust
related
$1,400,000 · Sovereign Bank
—
—
Bucks County Economic Dev Corp
—
Deed Of Trust
related
$1,400,000 · Pennsylvania Ind'l Dev Auth
—
—
Gelest Realty INC
—
Loan Modification
related
$12,475,000 · Miscellaneous Govt Agcy
—
—
Gelest Realty INC
—
Deed Of Trust
related
$1,200,000 · Sovereign Bank
—
—
Gelest Realty INC
—
Deed Of Trust
related
$400,000 · Sovereign Bank
—
—
Bucks Cnty Economic Dev Corp
—
Loan Modification
related
$2,250,000 · Industrial 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.
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