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Property profile & analytics
OFF-MARKET
Estimated value
$34,700,000
Warehouses
1101 New Frd Ml Rd Morrisville, PA 19067-3701
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-2760259
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Total area
469,130 SF
Lot
50.51 ac (2,199,998 SF)
Zoning code
H1
APN
13-047-129
UPID
US73-2760259
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
by Request
Comparable Approach
Comparable
$37.76M
Blend (final)
Blend
$34.70M
Owner & transaction history
New Ford Mill Road LLC · 5 yrs held
New Ford Mill Road LLC
since 2021
Last sale
$32.1M
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
$36,840,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$54,570,000
Current use
Blend value · Realmo final
$34.70M
Range $31.23M – $38.17M · ±10% · vs last sale $32.10M (Feb 4 2021)
Last sale anchor
$32.10M
Feb 4 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
$74 / 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
$504,241
Tax year 2024
Assessed value
$2,264,180
Assessed 2024
Previous assessed
$2,264,180
+0.0% YoY
Effective rate
22.27%
On assessed value
Assessed land
$360,480
Assessed improvement
$1,903,700
Land market value
$4,938,061
Improvement market value
$26,077,968
Total market value
$31,016,029
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
1970
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
469,130 SF
Lot
50.51 ac (2,199,998 SF)
Zoning code
H1
APN
13-047-129
UPID
US73-2760259
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
$54.6M
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
1970
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
50.51 ac
Current owner
From public records · entity-resolved
New Ford Mill Road LLC
Entity
Mailing address
148 CLASSON AVE, BROOKLYN, NY 11205-2637
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
—
New Ford Mill Road LLC
—
Deed
related
$26,812,500 · Kearny Bank
Feb 4, 2021
$32,100,000
New Ford Mill Road LLC
Nexeo Plastics LLC
Special Warranty Deed
$22,000,000 · Connection Bank
Aug 6, 2019
—
Nexeo Solutions Plastics LLC
—
Deed
related
$410,000,000 · Us Bank NA
Jun 24, 2019
—
Nexeo Solutions Plastics LLC
Nexeo Solutions LLC
Correction Deed
related
—
Mar 5, 2019
$10,233,756
Nexeo Solutions Plastics LLC
Nexeo Solutions LLC
Grant Deed
—
Oct 14, 2016
—
Nexeo Solutions LLC
—
Deed
related
$1,310,000,000 · Bank Of America
Jun 18, 2014
—
Nexeo Solutions LLC
—
Loan Modification
related
$170,000,000 · Bank Of America
Aug 2, 2011
—
Nexeo Solutions LLC
—
Deed Of Trust
related
$650,000,000 · Bank Of America
Apr 18, 2011
$9,402,448
Nexeo Solutions LLC
Ashland INC
Grant Deed
—
Nov 28, 2008
—
Ashland INC
—
Deed Of Trust
related
$15,900,000 · Bank Of America
Oct 24, 1997
$6,950,000
Ashland INC
Bucks County Economic Developm
Grant Deed
—
—
—
Nexeo Solutions LLC
—
Deed Of Trust
related
$175,000 · Bank Of America
—
—
Nexeo Solutions LLC
—
Deed Of Trust
related
$1,310,000,000 · Bank Of America
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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