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Property profile & analytics
FOR LEASE
Office buildings
12 Penns Trl Newtown, PA 18940
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-4208722
For Lease
1 / 24
$975/Mo
12 Penns Trl, Newtown, PA 18940
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Total area
9,783 SF
Lot
2.3 ac (100,101 SF)
Zoning code
LI
APN
29-010-087
UPID
US73-4208722
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
$2.45M
Blend (final)
Blend
$1.99M
Owner & transaction history
Heien Real Estate Investments LLC · 4 yrs held
Heien Real Estate Investments LLC
since 2022
7 recorded transactions
Zoning & alternative use
LI · Newtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+29.3%
Apartment house (5+ units)
$2.7M
+8.9%
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 Newtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newtown 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,455,000
Current use
RESTAURANT
$3,175,000
Change: +29% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,675,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$2,415,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,340,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,275,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±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
$203 / 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
Applied tax rate
29.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1968
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
9,783 SF
Lot
2.3 ac (100,101 SF)
Zoning code
LI
APN
29-010-087
UPID
US73-4208722
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LI · Newtown, PA
Zoning LI · permitted uses
LI · Newtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newtown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.5M
RESTAURANT
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1968
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.3 ac
Current owner
From public records · entity-resolved
Heien Real Estate Investments LLC
Entity
Mailing address
12 PENNS TRL, NEWTOWN, PA 18940-1813
Mailing matches property
Yes
Owner-occupied
Yes
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2022
$925,000
Heien Real Estate Investments LLC
Netwon Capital Management LLC
Deed
$925,000 · Pnc Bank NA
Jul 31, 2017
—
Kjmed LLC
—
Grant Deed
related
$2,735,000 · Covenant Bk
Jun 16, 2011
—
Kjmed LLC
—
Deed Of Trust
related
$1,000,000 · National Penn Bank
Jul 30, 2008
—
Kjmed LLC
—
Deed Of Trust
related
$2,540,000 · First Service Bank
Oct 22, 2003
—
Kjmed LLC
—
Deed Of Trust
related
$1,700,000 · National Penn Bank
Aug 4, 1999
$975,000
Kjmed LLC
Jog Management Co INC
Grant Deed
$1,072,000 · First Service Bank
Sep 12, 1997
$3,900,000
Yardley Road Associates LP
Peco Energy Company
Grant Deed
$10,020,010 · Nomura Asset Capital Corp
—
—
Grainhouse Developers LLC
—
Deed Of Trust
related
$275,000 · First Service Bank
—
—
Kjmed LLC
—
Deed Of Trust
related
$50,000 · First Service Bank
—
—
Kjmed LLC
—
Deed Of Trust
related
$228,000 · First Service Bank
—
—
Kjmed LLC
—
Deed Of Trust
related
$25,000 · First Service Bank
—
—
Kjmed LLC
—
Deed Of Trust
related
$100,000 · First Service Bank
—
—
Kjmed LLC
—
Deed Of Trust
related
$82,000 · First Service Bank
—
—
Kjmd LLC
—
Deed Of Trust
related
$10,000 · First Service Bank
—
—
Kjmed LLC
—
Deed Of Trust
related
$100,000 · First Service Bank
—
—
Kjmed LLC
—
Deed Of Trust
related
$1,575,000 · National Penn Bank
—
—
Kjmed LLC
—
Deed Of Trust
related
$150,000 · First Service Bank
—
—
Kjmed LLC
—
Deed Of Trust
related
$150,000 · National Penn 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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