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Property profile & analytics
OFF-MARKET
Estimated value
$5,125,000
Warehouses
180 Rittenhouse Cir Bristol, PA 19007-1618
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-0452662
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Total area
48,745 SF
Lot
4.73 ac (206,039 SF)
Zoning code
PI
APN
05-023-044
UPID
US73-0452662
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
$4.08M
Blend (final)
Blend
$5.13M
Owner & transaction history
180 Partners LP · 7 yrs held
180 Partners LP
since 2019
7 recorded transactions
Zoning & alternative use
PI · Bristol, 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 Bristol submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bristol 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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,345,000
Current use
Blend value · Realmo final
$5.13M
Range $4.61M – $5.64M · ±10%
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
$105 / 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
$121,215
Tax year 2024
Assessed value
$446,350
Assessed 2024
Previous assessed
$446,350
+0.0% YoY
Effective rate
27.16%
On assessed value
Assessed land
$92,720
Assessed improvement
$353,630
Land market value
$1,270,131
Improvement market value
$4,844,226
Total market value
$6,114,357
Applied tax rate
5.0000
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
Off-Market
Year built
1981
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
48,745 SF
Lot
4.73 ac (206,039 SF)
Zoning code
PI
APN
05-023-044
UPID
US73-0452662
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
PI · Bristol, PAZoning PI · permitted uses
PI · Bristol, 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
$5.3M
WAREHOUSE, STORAGE Current
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
1981
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
4.73 ac
Current owner
From public records · entity-resolved
180 Partners LP
Entity
Mailing address
532 TOWNSHIP LINE RD, BLUE BELL, PA 19422-2737
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2020
—
180 Partners LP
—
Deed
related
$3,885,000 · American Bank
Jul 1, 2019
$2,000,000
180 Partners LP
Bristol 1031 Dst
Grant Deed
$3,000,000 · Legacy Inv Ptrs LP
Jan 21, 2009
$11,386,000
Bristol 1031 Dst
Lexington English Trust
Grant Deed
$5,693,000 · Parkway Bank & Trust Co
Jan 5, 2000
$8,610,000
Lexington English Corp
Net 2 Bristol LP
Grant Deed
—
Apr 1, 1999
—
Net 2 Bristol LP
Atlantic American Land Dev INC
Grant Deed
$6,582,000 · General Electric Capital Corp
Aug 8, 1997
—
Atlantic American Land
—
Deed Of Trust
related
$125,284,000 · Goldman Sachs Mortgage Co
May 21, 1997
$1,125,000
Bell Atlantic Land Development
Bucks County Industrial Dev Au
Grant Deed
—
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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