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Property profile & analytics
OFF-MARKET
Office buildings
1380 Pennsylvania Ave Morrisville, PA 19067-1267
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-0128154
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1940
Construction
FRAME
Total area
848 SF
Lot
1.66 ac (72,353 SF)
Zoning code
H1
APN
13-048-041
UPID
US73-0128154
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mjls Holdings LLC · 10 yrs held
Mjls Holdings LLC
since 2016
6 recorded transactions
Zoning & alternative use
H1 · Morrisville, 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 Morrisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrisville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$17,433
Tax year 2024
Assessed value
$78,280
Assessed 2024
Previous assessed
$78,280
+0.0% YoY
Effective rate
22.27%
On assessed value
Assessed land
$16,600
Assessed improvement
$61,680
Land market value
$227,396
Improvement market value
$844,928
Total market value
$1,072,324
Applied tax rate
13.0000
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
Off-Market
Year built
1940
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
6
Stories
1
Rooms
4
Bathrooms
5
Total area
848 SF
Lot
1.66 ac (72,353 SF)
Zoning code
H1
APN
13-048-041
UPID
US73-0128154
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
H1 · Morrisville, PA
Zoning H1 · permitted uses
H1 · Morrisville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrisville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Rooms
4
Bathrooms
5
Lot
1.66 ac
Current owner
From public records · entity-resolved
Mjls Holdings LLC
Entity
Mailing address
1380 S PENNSYLVANIA AVE, MORRISVILLE, PA 19067-1267
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2023
—
Mjs Holdings LLC
—
Deed
related
$750,000 · First Citizens Community Bank
Aug 22, 2022
—
Mjls Holdings LLC
—
Deed
related
$500,000 · Huntingdon Valley Bank
Jul 11, 2016
$835,000
Mjls Holdings LLC
Michael Fardella
Deed
$668,000 · Meridian Bank
Oct 1, 2003
$510,000
Michael Fardella
Haven,tr
Grant Deed
$382,500 · Wachovia Bank NA
Dec 1, 1999
$180,000
Jss Partnership LLP
Haven Trust
Grant Deed
$144,000 · Seller
Feb 18, 1998
$410,000
Haven Trust
Bucks County Industrial Develo
Grant Deed
$250,000 · Corestates Bank Trustee
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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