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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Warehouses
110 Industrial Dr Ivyland, PA 18974-1435
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-1638624
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
19,840 SF
Lot
2.04 ac (88,786 SF)
Zoning code
I1
APN
31-001-007-026
UPID
US73-1638624
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
$3.12M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$2.38M
Owner & transaction history
110 Industrial Drive LLC · 2 yrs held
110 Industrial Drive LLC
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
I1 · Ivyland, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.9M
+70.9%
Neighborhood: shopping center
$3.6M
+56.2%
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 Ivyland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ivyland 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%
$3,380,000
6.5%
$3,120,000
7%
$2,900,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,300,000
Current use
RETAIL STORES
$3,930,000
Change: +71% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,590,000
Change: +56% · Conversion: Moderate
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±10% · vs last sale $2.35M (Apr 3 2024)
Last sale anchor
$2.35M
Apr 3 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
$120 / 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
$21,418
Tax year 2024
Assessed value
$111,200
Assessed 2024
Previous assessed
$111,200
+0.0% YoY
Effective rate
19.26%
On assessed value
Assessed land
$24,240
Assessed improvement
$86,960
Land market value
$332,053
Improvement market value
$1,191,228
Total market value
$1,523,281
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
19,840 SF
Lot
2.04 ac (88,786 SF)
Zoning code
I1
APN
31-001-007-026
UPID
US73-1638624
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Ivyland, PAZoning I1 · permitted uses
I1 · Ivyland, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.3M
RETAIL STORES
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
WAREHOUSE, STORAGE Current
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
1974
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.04 ac
Current owner
From public records · entity-resolved
110 Industrial Drive LLC
Entity
Mailing address
110 INDUSTRIAL DR S, IVYLAND, PA 18974-1435
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
$2,350,000
110 Industrial Drive LLC
Martelli Realty LLC
Deed
$5,820,000 · Fulton Bank NA
Jan 28, 2019
—
Martelli Realty LLC
—
Deed
related
$325,000 · Penn Community Bank
Apr 8, 2015
—
Martelli Realty LLC
—
Trustees Deed
related
$100,000 · First Nat'l Bk&tr/newtown
Nov 20, 2013
$1,075,000
Martelli Realty LLC
Mss Associates LLC
Deed
$1,075,000 · First National Bank & Trust Co Of N
Sep 10, 2007
$850,000
Mss Associates LLC
Paul Howard M
Grant Deed
$4,871,850 · General Electric Capital Corp
Jun 15, 1999
$250,000
Howard M Paul
Bucks County Industrial Develo
Grant Deed
$350,000 · Summit Bank
—
—
Robert Paul
—
Deed Of Trust
related
$500,000 · Abington Bank
—
—
Howard M Paul
—
Deed Of Trust
related
$180,000 · Abington Bank
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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