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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Office buildings
1224 General Mercer Ave Washington Crossing, PA 18977-1212
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0014151
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Total area
2,150 SF
Lot
0.47 ac (20,300 SF)
Zoning code
VC
APN
47-022-141-001
UPID
US73-0014151
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
-
Sprinkle Haven Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$573k
Blend (final)
Blend
$895k
Owner & transaction history
Washington Crossing Realty LLC · 4 yrs held
Washington Crossing Realty LLC
since 2021
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
VC · Washington Crossing, 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 Washington Crossing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Washington Crossing 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
$1,035,000
ML approach
$1,065,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $900k (Aug 20 2021)
Last sale anchor
$900k
Aug 20 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
$416 / 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
$8,544
Tax year 2024
Assessed value
$49,950
Assessed 2024
Previous assessed
$49,950
+0.0% YoY
Effective rate
17.11%
On assessed value
Assessed land
$20,320
Assessed improvement
$29,630
Land market value
$278,355
Improvement market value
$405,889
Total market value
$684,244
Applied tax rate
47.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Off-Market
Year built
1958
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
2,150 SF
Lot
0.47 ac (20,300 SF)
Zoning code
VC
APN
47-022-141-001
UPID
US73-0014151
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
VC · Washington Crossing, PA
Zoning VC · permitted uses
VC · Washington Crossing, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Washington Crossing. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.47 ac
Current owner
From public records · entity-resolved
Washington Crossing Realty LLC
Entity
Mailing address
6341 JOHN HANCOCK CT, BENSALEM, PA 19020-1909
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2021
$900,000
Washington Crossing Realty LLC
John Paul Ryan
Deed
—
Apr 4, 2013
—
John P Ryan
—
Deed Of Trust
related
$1,120,000 · Valley Green Bank
Dec 13, 2005
—
John P Ryan
—
Trustees Deed
related
$100,000 · National Penn Bank
May 9, 2002
$750,000
John P Ryan
Pearson Brothers Holdings
Grant Deed
$600,000 · National Penn Bank
Dec 21, 2001
—
Brothers Holding Pearson
—
Deed Of Trust
related
$1,859,000 · First Union National Bank
Mar 24, 1999
—
Pearson Brothers Holdings
—
Deed Of Trust
related
$1,092,000 · First Union National Bank
Aug 6, 1998
$500,000
Pearson Brothers Holdings
Parry,george R
Grant Deed
related
$400,000 · Corestates Bank
—
—
John P Ryan
—
Deed Of Trust
related
$1,000,000 · National Penn Bank
—
—
John P Ryan
—
Deed Of Trust
related
$1,135,000 · National Penn Bank
—
—
John P Ryan
—
Deed Of Trust
related
$150,000 · First Service Bank
—
—
John P Ryan
—
Deed Of Trust
related
$125,000 · 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.
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