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Property profile & analytics
OFF-MARKET
Estimated value
$8,285,000
Warehouses
20 Steel S Rd Morrisville, PA 19067-3614
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1983356
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
255,312 SF
Lot
13.75 ac (598,819 SF)
Zoning code
H1
APN
13-047-139
UPID
US73-1983356
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
$8.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.13M
Blend (final)
Blend
$8.29M
Owner & transaction history
20 Steel Road LLC · 4 yrs held
20 Steel Road LLC
since 2022
Last sale
$8.2M
7 recorded transactions
Zoning & alternative use
H1 · Morrisville, 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 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
$7,995,000
ML approach
$8,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.29M
Range $7.46M – $9.11M · ±10% · vs last sale $8.24M (Mar 1 2022)
Last sale anchor
$8.24M
Mar 1 2022
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
$32 / 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
$191,525
Tax year 2024
Assessed value
$860,000
Assessed 2024
Previous assessed
$860,000
+0.0% YoY
Effective rate
22.27%
On assessed value
Assessed land
$153,120
Assessed improvement
$706,880
Land market value
$2,097,525
Improvement market value
$9,683,245
Total market value
$11,780,770
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
1979
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
255,312 SF
Lot
13.75 ac (598,819 SF)
Zoning code
H1
APN
13-047-139
UPID
US73-1983356
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
H1 · Morrisville, PA
Zoning H1 · permitted uses
H1 · 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.
Building & site characteristics
From public records
Year built
1979
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
13.75 ac
Current owner
From public records · entity-resolved
20 Steel Road LLC
Entity
Mailing address
20 STEEL RD S, MORRISVILLE, PA 19067-3614
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
—
20 Steels Road LLC
—
Deed
related
$1,680,000 · Fulton Bank NA
Mar 1, 2022
$8,241,000
20 Steel Road LLC
Bucks County Industrial Dev Authori
Deed
$1,000,000 · Fulton Bank NA
Feb 28, 2022
—
Joseph T Ryerson & Son INC
20 Steel Road LLC
Lease
—
Dec 6, 2021
—
Dynamic Metals INC
20 Steelroad LLC
Lease
—
Oct 30, 2020
—
20 Steel Road LLC
—
Deed
related
$2,500,000 · Marion D Mabin
May 16, 2018
—
Bucks Cnty Indl Dev Authority
—
Grant Deed
related
$8,241,000 · Fulton Bk NA
Aug 24, 2017
—
Bucks Cnty Indl Dev Authority
Manhasset Bay Associates
Trustees Deed
$8,380,000 · Fulton Bk NA
Dec 30, 1997
—
Manhasset Bay Associates
—
Deed Of Trust
related
$10,000,000 · Thypin Steel Co INC
Oct 1, 1997
$1,485,000
Manhasset Bay Associates
Bucks County Econimic Dev Corp
Grant Deed
—
—
—
20 Steel Road LLC
—
Deed Of Trust
$653,000 · Industrial Dev Auth
—
—
Manhasset Bay Associates
—
Deed Of Trust
related
$4,500,000 · Monumental Life Ins Co
—
—
20 Steel Road LLC
—
Deed Of Trust
related
$2,500,000 · Marion D Mabin
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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