Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,380,000
Schools
200 Mnr Ave Langhorne, PA 19047-2942
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-1433076
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1993
Total area
38,714 SF
Lot
45.13 ac (1,965,863 SF)
Zoning code
MI
APN
22-040-004
UPID
US73-1433076
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
-
Smith Administration Building College
-
Csehy Summer School of Music Vocational School Training Center
-
Masland Library Publishing House
-
Cairn University College Private University
-
Chatlos Chapel Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$2.38M
Owner & transaction history
Cairn University · 5 yrs held
Cairn University
since 2021
7 recorded transactions
Zoning & alternative use
MI · Langhorne, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Langhorne Borough
Top alternative use upside
Restaurant
$3.7M
+56.5%
Retail stores
$3.1M
+31.6%
Neighborhood: shopping center
$2.9M
+20.9%
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 Langhorne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Langhorne 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$2,380,000
Current use
RESTAURANT
$3,725,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$3,130,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,875,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$2.38M
Range $2.14M – $2.62M · ±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
$61 / 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
Applied tax rate
22.0000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1993
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
1
Total area
38,714 SF
Lot
45.13 ac (1,965,863 SF)
Zoning code
MI
APN
22-040-004
UPID
US73-1433076
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
MI · Langhorne, PAZoning MI · permitted uses
MI · Langhorne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Langhorne Borough
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$2.4M
RESTAURANT
Est. value
$3.7M
RETAIL STORES
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1993
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
45.13 ac
Current owner
From public records · entity-resolved
Cairn University
Individual
Mailing address
200 MNR AVE, LANGHORNE, PA 19047-2942
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2021
—
Cairn University
—
Deed
related
$3,000,000 · Penn Community Bank
Jun 16, 2020
—
Cairn University
—
Deed
related
$4,000,000 · Penn Cmnty Bk
Aug 29, 2017
—
Cairn University A Not For Profit C
—
Deed
related
$7,400,000 · Penn Community Bank
Oct 24, 2016
—
Cairn University
—
Deed
related
$1,915,000 · Univest Bank & Trust Co
May 7, 2014
—
Cairn University
—
Deed Of Trust
related
$5,500,000 · Univest Bk & Tr Co
Jan 14, 2000
—
Philadelphia College Of Bible
—
Deed Of Trust
related
$2,000,000 · Union Nat'l Bk & Tr Souderton
—
—
Cairn University
—
Loan Modification
related
$5,500,000 · Univest Bk & Tr Co
—
—
Cairn University
—
Loan Modification
related
$4,000,000 · Penn Cmnty Bk
—
—
Cairn University
—
Loan Modification
related
$5,500,000 · Univest Bk & Tr Co
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 200 Mnr Ave?
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.
