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Property profile & analytics
OFF-MARKET
Estimated value
$6,415,000
Warehouses
1100 Wheeler Way Langhorne, PA 19047-1711
Entity Owned
4-yr Hold
Free & Clear
Property ID
US73-1553900
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
41,275 SF
Lot
3.84 ac (167,096 SF)
Zoning code
M1
APN
22-021-066-012
UPID
US73-1553900
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
-
United Electric Supply Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.28M
CAP Approach
CAP
$6.50M
Comparable Approach
Comparable
$6.47M
Blend (final)
Blend
$6.42M
Owner & transaction history
Nbphi Wheeler LLC · 4 yrs held
Nbphi Wheeler LLC
since 2021
Last sale
$5.6M
3 recorded transactions
Zoning & alternative use
M1 · Langhorne, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.2M
+64.5%
Retail stores
$8.5M
+37.8%
Office building
$7.9M
+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
$6,425,000
ML approach
$6,280,000
CAP Approach
CAP Return
Estimation
6%
$7,035,000
6.5%
$6,495,000
7%
$6,030,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,195,000
Current use
MEDICAL BUILDING
$10,185,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$8,535,000
Change: +38% · Conversion: Moderate
OFFICE BUILDING
$7,910,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,475,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$6.42M
Range $5.77M – $7.06M · ±10% · vs last sale $5.60M (Sep 1 2021)
Last sale anchor
$5.60M
Sep 1 2021
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
$155 / 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
$59,303
Tax year 2024
Assessed value
$272,400
Assessed 2024
Previous assessed
$272,400
+0.0% YoY
Effective rate
21.77%
On assessed value
Assessed land
$83,560
Assessed improvement
$188,840
Land market value
$1,144,653
Improvement market value
$2,586,838
Total market value
$3,731,491
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
1980
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
41,275 SF
Lot
3.84 ac (167,096 SF)
Zoning code
M1
APN
22-021-066-012
UPID
US73-1553900
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
$6.2M
MEDICAL BUILDING
Est. value
$10.2M
RETAIL STORES
Est. value
$8.5M
OFFICE BUILDING
Est. value
$7.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
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
1980
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.84 ac
Current owner
From public records · entity-resolved
Nbphi Wheeler LLC
Entity
Free & Clear · 4 yrs held
Mailing address
401 EDGEWATER PL STE #265, WAKEFIELD, MA 01880-6241
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2021
—
Nbpiii Wheeler LLC
—
Deed
related
—
Sep 1, 2021
$5,600,000
Nbphi Wheeler LLC
Bucks Ip Associates LP
Special Warranty Deed
—
—
—
Bucks Ip Spe I LLC
—
Deed Of Trust
related
$22,400 · Goldman Sachs Mortgage Co
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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