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Property profile & analytics
FOR LEASE
Warehouses
165 Veterans Way Warminster, PA 18974
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-5653647
For Lease
1 / 2
Contact for pricing
165 Veterans Way, Warminster, PA 18974
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Total area
56,015 SF
Lot
6.16 ac (268,373 SF)
Zoning code
I
APN
49-009-527
UPID
US73-5653647
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
-
Phoenix United Telecommunications Service
-
Associated Imaging Solutions Inc Computer & Electronic Repair
-
Brick Fest Live Resort
-
Everon Security Security Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.60M
CAP Approach
CAP
$8.82M
Comparable Approach
Comparable
$7.39M
Blend (final)
Blend
$9.43M
Owner & transaction history
Ajax Wbc LLC · 4 yrs held
Ajax Wbc LLC
since 2021
Last sale
$9.1M
7 recorded transactions
Zoning & alternative use
I · Warminster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$15.3M
+135.7%
Medical building
$13.8M
+112.9%
Commercial (general)
$13.4M
+106.4%
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 Warminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warminster 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
$10,490,000
ML approach
$11,595,000
CAP Approach
CAP Return
Estimation
6%
$9,550,000
6.5%
$8,815,000
7%
$8,185,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,495,000
Current use
APARTMENT HOUSE (5+ UNITS)
$15,305,000
Change: +136% · Conversion: Difficult
MEDICAL BUILDING
$13,825,000
Change: +113% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,400,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,015,000
Change: +100% · Conversion: Easy
RETAIL STORES
$11,095,000
Change: +71% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$10,140,000
Change: +56% · Conversion: Moderate
Blend value · Realmo final
$9.43M
Range $8.49M – $10.37M · ±10% · vs last sale $9.14M (Aug 30 2021)
Last sale anchor
$9.14M
Aug 30 2021
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
$168 / 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
$109,348
Tax year 2024
Assessed value
$518,080
Assessed 2024
Previous assessed
$518,080
+0.0% YoY
Effective rate
21.11%
On assessed value
Assessed land
$92,420
Assessed improvement
$425,660
Land market value
$1,266,022
Improvement market value
$5,830,934
Total market value
$7,096,956
Applied tax rate
49.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2006
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
56,015 SF
Lot
6.16 ac (268,373 SF)
Zoning code
I
APN
49-009-527
UPID
US73-5653647
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I · Warminster, PAZoning I · permitted uses
I · Warminster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.3M
MEDICAL BUILDING
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$13.4M
AUTO REPAIR, GARAGE
Est. value
$13.0M
RETAIL STORES
Est. value
$11.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.1M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2006
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
6.16 ac
Current owner
From public records · entity-resolved
Ajax Wbc LLC
Entity
Mailing address
635 MADISON AVE FL #13, NEW YORK, NY 10022-1088
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2021
$9,140,000
Ajax Wbc LLC
Passco Warminster Business Center S
Special Warranty Deed
$6,855,000 · Barclays Capital Real Estate INC
Nov 12, 2009
$264,420
Warminster Busn Center Tic 14
Passco Warminster Busn Center
Grant Deed
—
Jul 2, 2009
$348,000
Warminster Busn Center Tic 13
Passco Warminster Busn Center
Grant Deed
—
Apr 29, 2009
$334,004
Warminster Busn Center Tic 11
Passco Warminster Busn Center
Grant Deed
—
Apr 7, 2009
$243,545
Warminster Busn Center Tic 32
Passco Warminster Busn Center
Grant Deed
—
Mar 12, 2009
$375,755
Warminster Busn Center Tic 31
Passco Warminster Busn Center
Grant Deed
—
Feb 23, 2009
$278,337
Warminster Busn Center Tic 30
Passco Warminster Busn Center
Grant Deed
—
Feb 23, 2009
$751,509
Warminster Busn Center Tic 28
Passco Warminster Busn Center
Grant Deed
—
Feb 5, 2009
$681,925
Warminster Busn Center Tic 26
Passco Warminster Busn Center
Grant Deed
—
Jan 20, 2009
$194,835
Warminster Busn Center Tic 24
Passco Warminster Busn Center
Grant Deed
—
Jan 6, 2009
$348,000
Warminster Busn Center Tic 25
Passco Warminster Busn Center
Grant Deed
—
Dec 26, 2008
$1,224,679
Warminster Busn Center Tic 20
Passco Warminster Busn Center
Grant Deed
—
Dec 4, 2008
$7,807,334
Passco Warminster Busn Cente
Passco Warminster Busn Center
Grant Deed
—
Dec 2, 2008
$11,672,500
Passco Warminster Busn Center
Franklin Warminster East
Grant Deed
—
Mar 13, 2006
—
Franklin Warminster East
—
Grant Deed
related
$5,400,000 · American Bank
Jun 3, 2005
—
Franklin Warminster East
Franklin Corporate Center Asso
Quit Claim Deed
$4,775,000 · Bancorp Bank
Feb 11, 2004
—
Franklin Center Corp Assoc
—
Deed Of Trust
related
$8,000,000 · Bancorp Bank
Jul 15, 2003
—
Franklin Corporate Ctr Assoc
Warminster Campus LP
Grant Deed
$5,550,000 · National Penn Bank
—
—
Franklin Corporate Center
—
Deed Of Trust
related
$600,000 · Abington 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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