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Property profile & analytics
OFF-MARKET
Estimated value
$11,745,000
Warehouses
211 Sinclair Rd Bristol, PA 19007-1500
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-5980057
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
91,370 SF
Lot
7.33 ac (319,251 SF)
Zoning code
PI
APN
05-019-078
UPID
US73-5980057
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
$9.33M
CAP Approach
CAP
$14.38M
Comparable Approach
Comparable
$8.92M
Blend (final)
Blend
$11.75M
Owner & transaction history
Philadelphia Nlm Ll LLC · 4 yrs held
Philadelphia Nlm Ll LLC
since 2022
Last sale
$12.8M
7 recorded transactions
Zoning & alternative use
PI · Bristol, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$18.9M
+88.9%
Retail stores
$18.1M
+80.6%
Neighborhood: shopping center
$16.5M
+65.1%
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 Bristol submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bristol 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
$12,365,000
ML approach
$9,325,000
CAP Approach
CAP Return
Estimation
6%
$15,575,000
6.5%
$14,380,000
7%
$13,350,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,020,000
Current use
OFFICE BUILDING
$18,920,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$18,100,000
Change: +81% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$16,545,000
Change: +65% · Conversion: Moderate
Blend value · Realmo final
$11.75M
Range $10.57M – $12.92M · ±10% · vs last sale $12.75M (Jan 6 2022)
Last sale anchor
$12.75M
Jan 6 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
$129 / 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
$133,811
Tax year 2024
Assessed value
$492,730
Assessed 2024
Previous assessed
$492,730
+0.0% YoY
Effective rate
27.16%
On assessed value
Assessed land
$128,520
Assessed improvement
$364,210
Land market value
$1,760,540
Improvement market value
$4,989,157
Total market value
$6,749,697
Applied tax rate
5.0000
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
1990
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
91,370 SF
Lot
7.33 ac (319,251 SF)
Zoning code
PI
APN
05-019-078
UPID
US73-5980057
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
PI · Bristol, PAZoning PI · permitted uses
PI · Bristol, 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
$10.0M
OFFICE BUILDING
Est. value
$18.9M
RETAIL STORES
Est. value
$18.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.5M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1990
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
7.33 ac
Current owner
From public records · entity-resolved
Philadelphia Nlm Ll LLC
Entity
Mailing address
280 PARK AVE36TH, NEW YORK, NY 10017-1274
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
Jan 6, 2022
$12,750,000
Philadelphia Nlm Ll LLC
Tcd 216 Pa Property LLC
Deed
$293,382,143 · Mcmif Trs I LLC
Oct 14, 2020
$8,000,000
Tcd 216 Pa Property LLC
Trea Infill Indl Philadelphia
Grant Deed
—
Apr 22, 2020
—
Aqua Pennsylvania INC
—
Deed
related
$175,000,000 · Bank Of Ny Mellon
Feb 22, 2019
$5,178,690
Trea Infill Indl Philadelphia
Colfin Cobalt I-ii Owner LLC
Grant Deed
—
Jul 7, 2017
—
Aqua Pennsylvania INC
—
Loan Modification
related
$40,000,000 · Bank Of Ny Mellon
Dec 29, 2014
$6,897,000
Colfin Cobalt I-ii Owner LLC
Cobalt Industrial Reit
Grant Deed
$1,132,750,000 · General Elec Cap
Dec 16, 2014
—
Aqua Pennsylvania INC
—
Loan Modification
related
$65,000,000 · Bank Of Ny Mellon
Oct 20, 2008
—
Cobalt Industrial Reit
—
Deed Of Trust
related
$55,000,000 · Ing USA Annunity & Life Ins Co
Dec 22, 2006
$6,600,000
Cobalt Industrial Reit Trust
Keystone II Associates
Grant Deed
—
Jan 3, 2006
—
Keystone II Associates
—
Deed Of Trust
related
$3,650,000 · Bank Of America
—
—
Keystone II Associates
—
Deed Of Trust
related
$3,650,000 · Bank Of America
—
—
Aqua Pennsylvania INC
—
Loan Modification
related
$175,000,000 · Bank Of Ny Mellon
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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