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Property profile & analytics
FOR SALE
Medical Office Space
1288 Veterans Hwy Levittown, PA 19056
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-2557650
For Sale
$3,500,000
1288 Veterans Hwy, Levittown, PA 19056
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1970
Total area
5,613 SF
Lot
1.07 ac (46,609 SF)
Zoning code
P
APN
22-049-077-002
UPID
US73-2557650
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
-
Sweet Beginnings Dating Service Employment Agency
-
DayBreak Addiction Treatment Solutions Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$894k
Blend (final)
Blend
$720k
Owner & transaction history
Grace Land LLC · 9 yrs held
Grace Land LLC
since 2017
7 recorded transactions
Zoning & alternative use
P · Levittown, 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 Levittown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Levittown 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
$1,160,000
Change: -16% · Conversion: Easy
RETAIL STORES
$1,110,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$128 / 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
$15,063
Tax year 2024
Assessed value
$69,190
Assessed 2024
Previous assessed
$69,190
+0.0% YoY
Effective rate
21.77%
On assessed value
Assessed land
$26,760
Assessed improvement
$42,430
Land market value
$366,574
Improvement market value
$581,230
Total market value
$947,804
Applied tax rate
22.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1970
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
5,613 SF
Lot
1.07 ac (46,609 SF)
Zoning code
P
APN
22-049-077-002
UPID
US73-2557650
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
P · Levittown, PA
Zoning P · permitted uses
P · Levittown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Levittown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
RETAIL STORES
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
1.07 ac
Current owner
From public records · entity-resolved
Grace Land LLC
Entity
Mailing address
46 CHESTERFIELD DR, JACKSON, NJ 08527-6325
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2021
—
Grace Land LLC
—
Deed
related
$1,330,000 · Tristate Capital Bank
Dec 5, 2017
—
Grace Land LLC
—
Deed
related
$250,000 · Tristate Cap Bk
Jun 19, 2017
—
Grace Land LLC
—
Deed
related
$1,200,000 · Tristate Cap Bk
Jan 3, 2017
$950,000
Grace Land LLC
Chapman,raymond J & Christina M
Grant Deed
—
Jun 5, 2002
—
Raymond J Chapman
Lix Real Estate Partners
Grant Deed
$562,500 · First County Bank
—
—
Raymond Chapman
—
Deed Of Trust
related
$100,000 · Joseph D Bound
—
—
Raymond J Chapman
—
Deed Of Trust
related
$260,000 · Bucks County Bank
—
—
Raymond J Chapman
—
Deed Of Trust
related
$150,000 · Bucks County Bank
—
—
Raymond J Chapman
—
Deed Of Trust
related
$100,000 · Univest National Bank & Tr Co
—
—
Grace Land LLC
—
Deed Of Trust
related
$1,200,000 · Tristate Cap Bk
—
—
Grace Land LLC
—
Deed Of Trust
related
$250,000 · Tristate Cap Bk
—
—
Raymond J Chapman
—
Deed Of Trust
related
$725,000 · Bucks County 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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