Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    129 Ml St Bristol, PA 19007-4806

    • Commercial real estate
    • 2,668 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Nov 18, 2020
    $470,000
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0992439
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 129 Ml St

    Year built
    1901
    Lot size
    0.06 lot acres
    Property size
    2,668 SF
    Zone code
    CC
    Property type
    Commercial real estate
    APN
    04-018-095
    APU
    4018095

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $605,000
      ML approach
      $620,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $600,000
      6.5%
      $555,000
      7%
      $515,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $440,000
      Market price range: $238k - $468k
      AI Estimate
      $344,000
      Market price range: $172k - $421k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $375,000
      Current use
      MEDICAL BUILDING
      $660,000
      Change: +75% Conversion: Easy
      AUTO REPAIR, GARAGE
      $620,000
      Change: +65% Conversion: Difficult
      OFFICE BUILDING
      $555,000
      Change: +47% Conversion: Easy
      RETAIL STORES
      $530,000
      Change: +40% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $485,000
      Change: +28% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.8568
    Latitude
    40.0951
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,964
    $7,320
    $14,000
    $21,320
    -
    $100,274
    $191,780
    $292,054

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      310 Ml St

      COMMERCIAL (GENERAL) • 0.09 Acres
      310 Ml St, Bristol, PA 19007-4811
      View Details
    • Value Estimation by Request
      0.15 Acres

      801 Veterans Hwy

      COMMERCIAL (GENERAL) • 0.15 Acres
      801 Veterans Hwy, Bristol, PA 19007-2508
      View Details
    • Value Estimation by Request
      0.06 Acres

      Ellwood Ave

      COMMERCIAL (GENERAL) • 0.06 Acres
      Ellwood Ave, Bristol, PA 19007
      View Details
    • Value Estimation by Request
      0.12 Acres

      Ellwood Ave

      COMMERCIAL (GENERAL) • 0.12 Acres
      Ellwood Ave, Bristol, PA 19007
      View Details
    • Value Estimation by Request

      1700 Farragut Ave

      COMMERCIAL (GENERAL)
      1700 Farragut Ave, Bristol, PA 19007-5604
      View Details
    • Value Estimation by Request

      96 Monroe St

      COMMERCIAL (GENERAL)
      96 Monroe St, Bristol, PA 19007-5401
      View Details

    Similar Nearby for Sale

    • $349,900

      Bristol Borough Business Opportunity

      Turnkey Ice Cream & Cheesesteak Shop
      2 Pond St, Bristol, PA 19007
      View Details
    • $615,000
      0.28 Acres

      Route 13 Repair Shop Opportunity

      Prime Bristol, PA Auto Repair Facility
      555 Rte, Bristol, PA 19007
      View Details
    • $385,000

      Income-Producing Duplex in Bristol, PA

      Well-maintained duplex with two units, perfect for investors.
      258 Mckinley St St, Bristol, PA 19007
      View Details
    • Contact for pricing
      2,069 SF

      Turnkey Auto Repair Facility

      Former auto repair facility with 4-bay garage and equipment.
      555 Us Highway 13, Bristol, PA 19007
      View Details
    • Contact for pricing
      183,000 SF

      Waterfront Office Building For Sale

      183,000 SF office building with waterfront views and strong tenancy.
      1414 Radcliffe St, Bristol, PA 19007
      View Details
    • Contact for pricing
      4.20 Acres

      Industrial Land: Levittown, PA

      4.2 Acres, Prime Industrial Site
      0 Green Ln, Levittown, PA 19007
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,300 SF

      Bristol, PA Industrial Flex Space

      18,300 SF Flex/Warehouse, Excellent Location
      200 Rittenhouse Cir, Bristol, PA 19007
      View Details
    • Contact for pricing
      4,262 SF

      Bristol Retail Space - Veterans Hwy

      High-Visibility Retail Pad Site in Bristol, PA
      3020 Veterans Hwy, Bristol, PA 19007
      View Details
    • $1,800 /Mo
      9,148 SF

      Professional Office Building For Lease

      High-exposure office building with parking, suitable for various businesses.
      1303 Veterans Hwy, Bristol, PA 19007
      View Details
    • Contact for pricing
      118,389 SF

      Bristol Park: Prime Flex Space Available

      118,389 SF Flex/Distribution Space in Bristol, PA
      100 Commerce Cir, Bristol, PA 19007
      View Details
    • Contact for pricing
      101,250 SF

      Warehouse Space Near I-95

      101,250 SF warehouse space available for lease near I-95.
      150 Rittenhouse Cir, Bristol, PA 19007
      View Details
    • Contact for pricing
      60,109 SF

      Industrial Building in Keystone Park

      60,109 SF industrial building for lease in Bristol, PA.
      411 Sinclair Rd, Bristol, PA 19007
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    129 Ml St
    Bristol, PA 19007-4806
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.