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Property profile & analytics
FOR LEASE
Warehouses
200 Precision Rd Horsham, PA 19044
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1529606
For Lease
1 / 4
Contact for pricing
200 Precision Rd, Horsham, PA 19044
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Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
126,244 SF
Lot
11.13 ac (484,823 SF)
Zoning code
I2
APN
36-00-09872-04-6
UPID
US73-1529606
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
-
DRUGSCAN Chemistry Lab Laboratory
-
C&D Technologies, Inc Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.39M
CAP Approach
CAP
$19.87M
Comparable Approach
Comparable
$14.26M
Blend (final)
Blend
$15.53M
Owner & transaction history
Real Pro Horsham LLC · 4 yrs held
Real Pro Horsham LLC
since 2022
Last sale
$15.8M
7 recorded transactions
Zoning & alternative use
I2 · Horsham, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$20.7M
+78.5%
Medical building
$19.9M
+71.9%
Restaurant
$17.7M
+53.1%
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 Horsham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Horsham 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
$16,325,000
ML approach
$9,385,000
CAP Approach
CAP Return
Estimation
6%
$21,520,000
6.5%
$19,865,000
7%
$18,445,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,575,000
Current use
OFFICE BUILDING
$20,655,000
Change: +78% · Conversion: Difficult
MEDICAL BUILDING
$19,900,000
Change: +72% · Conversion: Difficult
RESTAURANT
$17,720,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$17,545,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$16,455,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$15.53M
Range $13.98M – $17.08M · ±10% · vs last sale $15.77M (Apr 1 2022)
Last sale anchor
$15.77M
Apr 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
$123 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$231,130
Tax year 2023
Assessed value
$5,880,000
Assessed 2024
Previous assessed
$5,880,000
+0.0% YoY
Effective rate
3.93%
On assessed value
Assessed land
$563,450
Assessed improvement
$5,316,550
Land market value
$563,450
Improvement market value
$5,316,550
Total market value
$5,880,000
Applied tax rate
36.0000
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
For Lease
Year built
1974
Heating
FORCED AIR
Cooling
CENTRAL
Total area
126,244 SF
Lot
11.13 ac (484,823 SF)
Zoning code
I2
APN
36-00-09872-04-6
UPID
US73-1529606
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Horsham, PAZoning I2 · permitted uses
I2 · Horsham, 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
WAREHOUSE, STORAGE Current
Est. value
$11.6M
OFFICE BUILDING
Est. value
$20.7M
MEDICAL BUILDING
Est. value
$19.9M
RESTAURANT
Est. value
$17.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.5M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
FORCED AIR
Cooling
Yes
Lot
11.13 ac
Current owner
From public records · entity-resolved
Real Pro Horsham LLC
Entity
Mailing address
555 E LANCASTER AVE STE #120, RADNOR, PA 19087-5167
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2022
—
Real Pro Horsham LLC
—
Deed
related
$12,000,000 · Wilmington Savings Fund Society Fsb
Apr 1, 2022
$15,771,250
Real Pro Horsham LLC
Wfcm 2016 C34 Precision & Privet Ro
Special Warranty Deed
$11,800,000 · 200 Precision Dr LLC
Mar 10, 2021
$28,463,709
Wfcm 2016-c34 Precision And Privet
United State Marshal For The Easter
Deed
—
Apr 6, 2010
—
Horsham Property Associates LP
—
Deed Of Trust
related
$22,794,933 · Webster Bank
Jun 18, 2007
—
Horsham Property Associates
Realty Fin Part Vi Ltd Part
Grant Deed
$10,000,000 · Webster Bank
Nov 19, 2004
$15,500,000
200 Precision Drive Invtrs LLC
Liberty Property
Deed Of Trust
related
$23,800,000 · General Electric Capital Corp
Oct 17, 2002
—
Liberty Property LP
Liberty Property Deve Corp III
Quit Claim Deed
related
—
Jul 20, 2000
$6,125,000
Liberty Property Dev Corp III
Betzdearborn INC
Grant Deed
—
—
—
Horsham Property Associates LP
—
Deed Of Trust
related
$28,000,000 · Silverpeak R/e Fin
—
—
Horsham Property Associates LP
—
Deed Of Trust
related
$22,124,365 · Webster 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.
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