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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Office buildings
21 Steel S Rd Morrisville, PA 19067-3614
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-0906385
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Total area
4,800 SF
Lot
35.26 ac (1,536,013 SF)
Zoning code
H1
APN
13-047-136
UPID
US73-0906385
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
by Request
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.31M
Owner & transaction history
Not Provided · 3 yrs held
Not Provided
since 2023
7 recorded transactions
Zoning & alternative use
H1 · Morrisville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+17.5%
Commercial (general)
$1.2M
+14.0%
Auto repair, garage
$1.1M
+10.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,340,000
6.5%
$1,240,000
7%
$1,150,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,010,000
Current use
MEDICAL BUILDING
$1,185,000
Change: +18% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,150,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,115,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$950,000
Change: -6% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$870,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$273 / 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
$101,909
Tax year 2024
Assessed value
$457,600
Assessed 2024
Previous assessed
$457,600
+0.0% YoY
Effective rate
22.27%
On assessed value
Assessed land
$397,600
Assessed improvement
$60,000
Land market value
$5,446,552
Improvement market value
$821,914
Total market value
$6,268,466
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
4,800 SF
Lot
35.26 ac (1,536,013 SF)
Zoning code
H1
APN
13-047-136
UPID
US73-0906385
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$870,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1973
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
35.26 ac
Current owner
From public records · entity-resolved
Not Provided
Individual
Ownership since
2023
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
Jul 3, 2023
—
21 Steel Road LLC
—
Deed
related
$24,600,000 · Provident Bank
Mar 9, 2023
—
Not Provided
Not Provided
Intrafamily Transfer
related
—
Feb 14, 2023
—
Liberty Coating Company LLC
21 Steel Road LLC
Lease
—
Jul 2, 2012
—
Liberty Land Holdings LLC
Bucks County Economic Dev Corp
Grant Deed
related
$1,950,000 · Pennsylvania Ind'l Dev Auth
Jul 1, 2010
$1,950,000
Citizens Bk Of Pa
Bucks County Economic Dev Corp
Grant Deed
related
—
Dec 12, 2008
$4,054,900
Bucks County Economic Dev Corp
United States Steel Corp
Grant Deed
—
Dec 12, 2008
—
Liberty Land Holdings LLC
Bucks County Economic Development C
Agreement Of Sale
—
—
—
Liberty Land Holdings LLC
—
Loan Modification
related
$2,500,000 · Citizens Bk/pa
—
—
Liberty Land Holdings LLC
—
Deed Of Trust
related
$1,000,000 · Citizens Bk/pa
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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