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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Hotels
1441 Elephant Rd Perkasie, PA 18944-3809
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0060072
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1848
Construction
FRAME
Total area
3,404 SF
Lot
8.99 ac (391,430 SF)
Zoning code
R1
APN
01-001-068
UPID
US73-0060072
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
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$500k
Owner & transaction history
Gary Burenga · 4 yrs held
Gary Burenga
since 2022
Last sale
$505,000
5 recorded transactions
Zoning & alternative use
R1 · Perkasie, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$600,000
+221.7%
Medical building
$445,000
+137.1%
Commercial (general)
$420,000
+125.8%
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 Perkasie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perkasie 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
$490,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$600,000
Change: +222% · Conversion: Difficult
MEDICAL BUILDING
$445,000
Change: +137% · Conversion: Difficult
COMMERCIAL (GENERAL)
$420,000
Change: +126% · Conversion: Difficult
AUTO REPAIR, GARAGE
$385,000
Change: +107% · Conversion: Difficult
RETAIL STORES
$305,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $505k (May 13 2022)
Last sale anchor
$505k
May 13 2022
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
$147 / 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
$5,121
Tax year 2024
Assessed value
$30,090
Assessed 2024
Previous assessed
$30,090
+0.0% YoY
Effective rate
17.02%
On assessed value
Assessed land
$12,940
Assessed improvement
$17,150
Land market value
$177,260
Improvement market value
$234,930
Total market value
$412,190
Applied tax rate
1.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1848
Construction
FRAME
Heating
OTHER
Cooling
YES
Stories
2
Units
1
Rooms
10
Bathrooms
3
Total area
3,404 SF
Lot
8.99 ac (391,430 SF)
Zoning code
R1
APN
01-001-068
UPID
US73-0060072
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R1 · Perkasie, PA
Zoning R1 · permitted uses
R1 · Perkasie, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Perkasie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$600,000
MEDICAL BUILDING
Est. value
$445,000
COMMERCIAL (GENERAL)
Est. value
$420,000
AUTO REPAIR, GARAGE
Est. value
$385,000
RETAIL STORES
Est. value
$305,000
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1848
Construction
FRAME
Heating
OTHER
Cooling
Yes
Stories
2
Units
1
Rooms
10
Bathrooms
3
Lot
8.99 ac
Current owner
From public records · entity-resolved
Gary Burenga
Individual
Mailing address
PO BOX 854, BUCKINGHAM, PA 18912-0854
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
$505,000
Gary Burenga
Laur J Properties LP
Deed
$623,716 · Plaza Home Mortgage INC
Feb 9, 2016
—
Laur-j Properties LP
—
Trustees Deed
related
$416,000 · Qnb Bk
Jul 12, 2007
$225,000
Laur-j Properties
Lokay,katherine G
Grant Deed
—
Jul 12, 2007
—
Katherine G Lokay
Lokay,katherine G
Quit Claim Deed
related
—
—
—
Laur-j Properties LP
—
Deed Of Trust
related
$350,000 · James B Smith
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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