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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Retail residential properties
18 Mechanic St New Hope, PA 18938-1254
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-0456634
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1762
Total area
3,582 SF
Lot
0.29 ac (12,589 SF)
Zoning code
CC
APN
27-010-081
UPID
US73-0456634
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
$695k
CAP Approach
CAP
$745k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$670k
Owner & transaction history
Richard Bertz · 2 yrs held
Richard Bertz
since 2023
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
CC · New Hope, 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 New Hope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hope 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
$655,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$745,000
7%
$690,000
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $625k (Sep 12 2023)
Last sale anchor
$625k
Sep 12 2023
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
$187 / 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
$11,271
Tax year 2024
Assessed value
$73,840
Assessed 2024
Previous assessed
$73,840
+0.0% YoY
Effective rate
15.26%
On assessed value
Assessed land
$54,260
Assessed improvement
$19,580
Land market value
$743,284
Improvement market value
$268,218
Total market value
$1,011,502
Applied tax rate
27.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1762
Heating
CENTRAL
Cooling
NONE
Buildings
2
Stories
1
Total area
3,582 SF
Lot
0.29 ac (12,589 SF)
Zoning code
CC
APN
27-010-081
UPID
US73-0456634
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CC · New Hope, PA
Zoning CC · permitted uses
CC · New Hope, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Hope. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1762
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Richard Bertz
Individual
Mailing address
6542 LOWR YORK RD STE A, NEW HOPE, PA 18938-1824
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2023
$625,000
Richard Bertz
Amr Realty Of New Hope LLC
Deed
—
Jun 26, 2020
—
Amr Realty Of New Hope LLC
—
Deed
related
$2,192,430 · Provident Bk
Jun 25, 2020
—
Amr Realty Of New Hope LLC
Paul A Licitra
Deed
—
May 27, 2008
$474,768
Paul A Licitra
Paul A Licitra
Deed
related
$745,000 · First National Bank & Trust Co Of N
Aug 30, 2000
$260,000
Paul Licitra
Bucks County Industrial Dev
Grant Deed
$260,000 · Sovereign Bank
—
—
Paul Licitra
—
Deed Of Trust
related
$250,000 · Joel Rosenthal
—
—
Paul Licitra
—
Loan Modification
related
$549,900 · Joel Rosenthal
—
—
Paul A Licitra
—
Deed Of Trust
related
$320,000 · Sovereign Bank
—
—
Paul A Licitra
—
Deed Of Trust
related
$110,000 · James R Seibert
—
—
Amr Realty Of New Hope LLC
—
Loan Modification
related
$2,192,430 · Provident Bk
—
—
Paul Licitra
—
Deed Of Trust
related
$500,000 · Eighteen-twenty Dev 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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