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Property profile & analytics
OFF-MARKET
Estimated value
$20,590,000
Automotive properties
1650 Lincoln Hwy Langhorne, PA 19047
Entity Owned
4-yr Hold
Free & Clear
Property ID
US73-1609251
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1960
Total area
32,750 SF
Lot
20.1 ac (875,556 SF)
Zoning code
MI
APN
22-047-009
UPID
US73-1609251
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
$16.96M
Blend (final)
Blend
$20.59M
Owner & transaction history
213 Industrial LLC · 4 yrs held
213 Industrial LLC
since 2021
Last sale
$28.1M
6 recorded transactions
Zoning & alternative use
MI · Langhorne, 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 Langhorne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Langhorne 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
Blend value · Realmo final
$20.59M
Range $18.53M – $22.65M · ±10% · vs last sale $28.05M (Dec 29 2021)
Last sale anchor
$28.05M
Dec 29 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
$629 / 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
$360,156
Tax year 2024
Assessed value
$1,654,330
Assessed 2024
Previous assessed
$1,654,330
+0.0% YoY
Effective rate
21.77%
On assessed value
Assessed land
$525,320
Assessed improvement
$1,129,010
Land market value
$7,196,133
Improvement market value
$15,465,823
Total market value
$22,661,956
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1960
Heating
CENTRAL
Cooling
YES
Buildings
10
Stories
2
Total area
32,750 SF
Lot
20.1 ac (875,556 SF)
Zoning code
MI
APN
22-047-009
UPID
US73-1609251
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
MI · Langhorne, PA
Zoning MI · permitted uses
MI · Langhorne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Langhorne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
10
Lot
20.1 ac
Current owner
From public records · entity-resolved
213 Industrial LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1700 E LINCOLN HWY, LANGHORNE, PA 19047-3042
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
$28,050,000
213 Industrial LLC
Tlc Reedman LP
Special Warranty Deed
—
Dec 29, 2021
$21,950,000
213 Industrial LLC
Bt 213 Properties LP
Deed
—
Dec 6, 2019
—
Tlc-reedman LP
—
Loan Modification, Consolidation And Extension
related
$6,000,000 · Ally Bk
Jun 12, 2013
—
Tlc-reedman LP LP
—
Loan Modification
related
$7,000,000 · Ally Bank
Jun 28, 2004
$4,390,100
Tlc-reedman
Reedman Chevrolet INC
Grant Deed
related
—
Feb 26, 1997
—
Reedman Chevrolet INC
—
Deed Of Trust
related
$10,000,000 · Chrysler Financial Co LLC
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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