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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Retail residential properties
116 Bellevue Ave Langhorne, PA 19047-2255
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2184610
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1887
Total area
9,766 SF
Lot
0.43 ac (18,624 SF)
Zoning code
R2
APN
18-004-020
UPID
US73-2184610
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
-
Phelps Studio Barber Shop
-
Richard Beaumont Real Estate Agency
-
JD Glam Artist Hair Salon Nail Salon
-
Mood Hair Studio Hair Salon
-
Elliot Alexander hair salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$844k
Blend (final)
Blend
$1.28M
Owner & transaction history
Parmers Realty Group INC · 4 yrs held
Parmers Realty Group INC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
R2 · Langhorne, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+42.2%
Office building
$1.9M
+31.8%
Neighborhood: shopping center
$1.8M
+24.6%
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
$1,260,000
ML approach
$1,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,420,000
Current use
RETAIL STORES
$2,020,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$1,870,000
Change: +32% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,770,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.30M (Jun 8 2022)
Last sale anchor
$1.30M
Jun 8 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
$131 / 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
$11,841
Tax year 2024
Assessed value
$54,600
Assessed 2024
Previous assessed
$54,600
+0.0% YoY
Effective rate
21.69%
On assessed value
Assessed land
$15,080
Assessed improvement
$39,520
Land market value
$206,574
Improvement market value
$541,368
Total market value
$747,942
Applied tax rate
18.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1887
Heating
CENTRAL
Cooling
YES
Stories
3
Total area
9,766 SF
Lot
0.43 ac (18,624 SF)
Zoning code
R2
APN
18-004-020
UPID
US73-2184610
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Langhorne, PA
Zoning R2 · permitted uses
R2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
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
1887
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
0.43 ac
Current owner
From public records · entity-resolved
Parmers Realty Group INC
Entity
Mailing address
338 PKWY AVE, HORSHAM, PA 19044
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
$1,300,000
Parmers Realty Group INC
Richard Beaumont
Deed
$975,000 · Citizens & Northern Bank
Jan 12, 2022
—
Richard Beaumont
—
Deed
related
$100,000 · The First National Bank & Trust Co Of Ne
Jul 1, 2021
—
Richard Beaumont
—
Deed
related
$25,000 · The First National Bank & Trust Co
Aug 6, 2019
—
Richard Beaumont
—
Trustees Deed
related
$455,000 · First Nat'l Bk&tr/newtown
Jun 8, 2018
—
Richard Beaumont
—
Deed
related
$100,000 · The First Natl Bank & Trust Broken Arrow
Apr 4, 2018
—
Richard Beaumont
Reocomplete Real Estate INC
Quit Claim Deed
—
Sep 28, 2011
$784,000
Reocomplete Real Estate INC
First National Bank & Trust Company
Deed
$784,000 · The First Natl Bank & Trust Co Newt
Sep 14, 2011
$1,097
First Natl Bk & Trust Of Newtown
Sheriff Of Bucks County
Trustees Deed
related
—
Aug 15, 2006
—
Daniel M Belsky JR.
Belsky,daniel M JR & Ann M
Quit Claim Deed
related
—
—
—
Daniel M Belsky
—
Deed Of Trust
related
$15,966 · First Nat'l Bank & Trust Newto
—
—
Daniel M Belsky
—
Deed Of Trust
related
$68,000 · First Natl Bank & Trust Newton
—
—
Daniel M Belsky
—
Deed Of Trust
related
$45,838 · First Nat'l Bank & Trust Newto
—
—
Daniel M Belsky
—
Deed Of Trust
related
$330,000 · First Nat'l Bank & Trust Newto
—
—
Daniel M Belsky
—
Deed Of Trust
related
$17,000 · First Nat'l Bank & Trust Newto
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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