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Property profile & analytics
OFF-MARKET
Estimated value
$27,500,000
Retail properties & Spaces
200 Neshaminy Mall Bensalem, PA 19020-1600
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-2056781
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1974
Total area
181,987 SF
Lot
11.63 ac (506,603 SF)
Zoning code
HC
APN
02-015-016
UPID
US73-2056781
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
$27.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.25M
Blend (final)
Blend
$27.50M
Owner & transaction history
E & P At Neshaminy LLC · 1 yrs held
E & P At Neshaminy LLC
since 2024
Last sale
$27.5M
3 recorded transactions
Zoning & alternative use
HC · Bensalem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$45.0M
+35.9%
Medical building
$44.9M
+35.7%
Commercial (general)
$43.5M
+31.6%
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
$27,500,000
ML approach
$27,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$33,085,000
Current use
OFFICE BUILDING
$44,965,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$44,910,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$43,540,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$42,290,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$32,950,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$27.50M
Range $24.75M – $30.25M · ±10% · vs last sale $27.50M (Jul 23 2024)
Last sale anchor
$27.50M
Jul 23 2024
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
$151 / 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
$128,590
Tax year 2024
Assessed value
$589,050
Assessed 2024
Previous assessed
$589,050
+0.0% YoY
Effective rate
21.83%
On assessed value
Assessed land
$329,280
Assessed improvement
$259,770
Land market value
$4,510,665
Improvement market value
$3,558,478
Total market value
$8,069,143
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1974
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
181,987 SF
Lot
11.63 ac (506,603 SF)
Zoning code
HC
APN
02-015-016
UPID
US73-2056781
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
HC · Bensalem, PA
Zoning HC · permitted uses
HC · Bensalem, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bensalem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$33.1M
OFFICE BUILDING
Est. value
$45.0M
MEDICAL BUILDING
Est. value
$44.9M
COMMERCIAL (GENERAL)
Est. value
$43.5M
AUTO REPAIR, GARAGE
Est. value
$42.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$33.0M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1974
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
11.63 ac
Current owner
From public records · entity-resolved
E & P At Neshaminy LLC
Entity
Mailing address
1195 PO BOX 4116TH STE #2000, READING, PA 19606-0516
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
$27,500,000
E & P At Neshaminy LLC
Neshaminy Mall Limited Partnership
Deed
$19,250,000 · Mid Penn Bank
Aug 25, 2021
—
Commonwealth Of Pennsylvania
Neshaminy Mall Joint Venture LP
Foreclosure
related
—
Apr 22, 2021
—
Neshaminy Mall Limited Partnership
—
Deed
related
$103,251,576 · Us Bank NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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