Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Community centers
1903 St Rd Bensalem, PA 19020-2804
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-2854234
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2003
Total area
5,370 SF
Lot
8.78 ac (382,457 SF)
Zoning code
C
APN
02-039-219
UPID
US73-2854234
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
-
WSFS Bank Bank Loan Service
-
Smoke Studio Smoke Shop / Patel Panwala Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$935k
Owner & transaction history
Bensalem Center LP · 1 yrs held
Bensalem Center LP
since 2025
7 recorded transactions
Zoning & alternative use
C · Bensalem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.5M
+50.9%
Office building
$1.3M
+36.5%
Medical building
$1.3M
+36.3%
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 Bensalem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bensalem 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
$590,000
CAP Approach
CAP Return
Estimation
6%
$1,390,000
6.5%
$1,285,000
7%
$1,195,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$970,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,465,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$1,325,000
Change: +36% · Conversion: Moderate
MEDICAL BUILDING
$1,325,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,285,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,250,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$975,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$174 / 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
$193,176
Tax year 2024
Assessed value
$884,910
Assessed 2024
Previous assessed
$884,910
+0.0% YoY
Effective rate
21.83%
On assessed value
Assessed land
$248,680
Assessed improvement
$636,230
Land market value
$3,406,561
Improvement market value
$8,715,441
Total market value
$12,122,002
Applied tax rate
2.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2003
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
1
Total area
5,370 SF
Lot
8.78 ac (382,457 SF)
Zoning code
C
APN
02-039-219
UPID
US73-2854234
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C · Bensalem, PAZoning C · permitted uses
C · Bensalem, 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$970,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$975,000
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2003
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
8.78 ac
Current owner
From public records · entity-resolved
Bensalem Center LP
Entity
Mailing address
3901 MANAYUNK AVE APT #103, PHILADELPHIA, PA 19128-5113
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2025
$20,100,000
Bensalem Center LP
Bensalem Associates LP
Special Warranty Deed
related
$15,375,000 · The Bank Of Princeton
Dec 24, 2020
—
Bensalem Associates LP
—
Deed
related
$12,500,000 · Lmf Com'l LLC
Jul 13, 2015
—
Bensalem Associates LP
Bensalem Associates P
Deed
$10,500,000 · Firstrust Bank
Jan 8, 2009
—
Bensalem Associates
—
Deed Of Trust
related
$5,000,000 · 1919 Street Road LP
Apr 4, 2007
—
Bensalem Associates
—
Deed Of Trust
related
$1,300,000 · Valley Green Bank
—
—
Bensalem Associates
—
Deed Of Trust
related
—
—
—
Bensalem Associates LP
—
Deed Of Trust
related
$5,720,000 · Principal Commercial Funding
—
—
Bensalem Assoc LP
—
Deed Of Trust
related
$700,000 · Madison Bank
—
—
Benssiem Associates LP
—
Deed Of Trust
related
$375,000 · Madison Bank
—
—
Bensalem Associates
—
Deed Of Trust
related
$375,000 · Madison Bank
—
—
Bensalem Associates
—
Deed Of Trust
related
$260,000 · Madison Bank
—
—
Bensalem Associates
—
Deed Of Trust
related
$11,500,000 · Cibc INC
—
—
Bensalem Associates
—
Deed Of Trust
related
$700,000 · Madison Bank
—
—
Bensalem Associates LP
—
Deed Of Trust
related
$12,500,000 · Lmf Com'l LLC
—
—
Bensalem Associates LP
—
Deed Of Trust
related
$350,000 · Valley Green 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1903 St Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
