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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Office Spaces
123 Brg St New Hope, PA 18938-1451
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-3063177
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1900
Total area
2,976 SF
Lot
0.03 ac (1,503 SF)
Zoning code
RB
APN
27-006-033-001
UPID
US73-3063177
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
-
Begley, Carlin & Mandio, LLP Law Firm
-
New Hope Orthodontics Dental Office
-
New Hope Orthodontic Associates: Burns Mary E DDS Dental Office
-
Shaw Claire E DDS Dental Office
-
Jenei & Cohen, P.C. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$623k
Blend (final)
Blend
$700k
Owner & transaction history
123 West Bridge Street LLC · 2 yrs held
123 West Bridge Street LLC
since 2024
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
RB · New Hope, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+85.3%
Medical building
$735,000
+19.2%
Auto repair, garage
$690,000
+12.2%
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 New Hope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hope 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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$615,000
Current use
COMMERCIAL (GENERAL)
$1,140,000
Change: +85% · Conversion: Easy
MEDICAL BUILDING
$735,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$690,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$590,000
Change: -4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$540,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Mar 8 2024)
Last sale anchor
$700k
Mar 8 2024
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
$235 / 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
$10,099
Tax year 2024
Assessed value
$66,160
Assessed 2024
Previous assessed
$66,160
+0.0% YoY
Effective rate
15.26%
On assessed value
Assessed improvement
$66,160
Improvement market value
$906,297
Total market value
$906,297
Applied tax rate
27.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1900
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
2,976 SF
Lot
0.03 ac (1,503 SF)
Zoning code
RB
APN
27-006-033-001
UPID
US73-3063177
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RB · New Hope, PA
Zoning RB · permitted uses
RB · New Hope, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Hope. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$615,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$690,000
RETAIL STORES
Est. value
$590,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$540,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1900
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
123 West Bridge Street LLC
Entity
Mailing address
680 MIDDLETOWN BLVD, LANGHORNE, PA 19047-1817
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
—
123 West Bridge Street LLC
—
Deed
related
$680,000 · Inspire FCU
Mar 8, 2024
$700,000
123 West Bridge Street LLC
Robert O Baldi
Special Warranty Deed
$475,000 · Robert O Baldi Etux
Mar 5, 2024
—
Bridge Street Condo
Robert O Baldi
Quitclaim Deed
related
—
—
—
Robert O Baldi
—
Deed Of Trust
related
$75,000 · First Savings Bank Perkasie
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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