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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Warehouses
1801 Pennsylvania Ave Morrisville, PA 19067-2501
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-0074823
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Total area
13,200 SF
Lot
6.58 ac (286,625 SF)
Zoning code
HI
APN
13-047-080-003
UPID
US73-0074823
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
$2.08M
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$1.89M
Owner & transaction history
1801 South Pa Ave LLC · 8 yrs held
1801 South Pa Ave LLC
since 2018
7 recorded transactions
Zoning & alternative use
HI · Morrisville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+99.8%
Office building
$2.8M
+80.5%
Retail stores
$2.6M
+70.3%
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 Morrisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrisville 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%
$2,250,000
6.5%
$2,075,000
7%
$1,930,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,535,000
Current use
AUTO REPAIR, GARAGE
$3,065,000
Change: +100% · Conversion: Easy
OFFICE BUILDING
$2,770,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$2,615,000
Change: +70% · Conversion: Moderate
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±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
$143 / 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
$43,392
Tax year 2024
Assessed value
$194,840
Assessed 2024
Previous assessed
$194,840
+0.0% YoY
Effective rate
22.27%
On assessed value
Assessed land
$65,800
Assessed improvement
$129,040
Land market value
$901,366
Improvement market value
$1,767,664
Total market value
$2,669,030
Applied tax rate
13.0000
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
1973
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
1
Total area
13,200 SF
Lot
6.58 ac (286,625 SF)
Zoning code
HI
APN
13-047-080-003
UPID
US73-0074823
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
HI · Morrisville, PA
Zoning HI · permitted uses
HI · Morrisville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1973
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
6.58 ac
Current owner
From public records · entity-resolved
1801 South Pa Ave LLC
Entity
Mailing address
1381 S PENNSYLVANIA AVE, MORRISVILLE, PA 19067-1275
Ownership since
2018
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
Jun 13, 2024
—
1801 South Pa Ave LLC
—
Deed
related
$298,000 · Chester County Economic Council
Apr 4, 2023
—
1801 South Pa Ave LLC
—
Deed
related
$890,600 · Citizens & Northern Bank
Oct 15, 2018
—
1801 South Pa Ave LLC
—
Deed
related
$1,000,000 · Industrial Dev Auth
Jul 12, 2018
$1,960,000
1801 South Pa Ave LLC
Bobholu LLC
Grant Deed
—
Sep 19, 2007
$1,200,000
Bobholu LLC
S R T Warehouse Corp
Deed
$900,000 · Manufacturers & Traders Trust Co
—
—
Bobholu LLC
—
Deed Of Trust
related
$850,000 · Richey Patricia E Trust (pt)
—
—
1801 South Pa Ave LLC
—
Deed Of Trust
related
$1,000,000 · Industrial Dev Auth
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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