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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Garden apartment buildings
2151 Lincoln Hwy Langhorne, PA 19047
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US73-1345937
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1967
Total area
5,244 SF
Lot
14.68 ac (639,504 SF)
Zoning code
AO
APN
22-040-025-006
UPID
US73-1345937
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
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$397k
Blend (final)
Blend
$625k
Owner & transaction history
Ova Associates LP · 18 yrs held
Ova Associates LP
since 2008
5 recorded transactions
Zoning & alternative use
AO · Langhorne, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$119 / 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
$250,313
Tax year 2024
Assessed value
$1,149,780
Assessed 2024
Previous assessed
$1,149,780
+0.0% YoY
Effective rate
21.77%
On assessed value
Assessed land
$242,400
Assessed improvement
$907,380
Land market value
$3,320,534
Improvement market value
$12,429,809
Total market value
$15,750,343
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1967
Heating
CENTRAL
Cooling
YES
Buildings
5
Stories
2
Total area
5,244 SF
Lot
14.68 ac (639,504 SF)
Zoning code
AO
APN
22-040-025-006
UPID
US73-1345937
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
AO · Langhorne, PA
Zoning AO · permitted uses
AO · Langhorne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Langhorne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
5
Lot
14.68 ac
Current owner
From public records · entity-resolved
Ova Associates LP
Entity
Mailing address
PO BOX 961009, FORT WORTH, TX 76161-0009
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
—
Ova Associates LP
—
Deed
related
$18,517,000 · Greystone Servicing Company LLC
Jan 7, 2008
$14,700,000
Ova Associates LP
Country Manor Associates
Deed
—
Jul 22, 2005
—
Country Manor Associates
—
Deed Of Trust
related
$8,000,000 · Column Financial INC
—
—
Country Manor Associates
—
Deed Of Trust
related
$5,975,000 · Legg Mason Dorman & Wilson INC
—
—
Ova Associates LP
—
Deed Of Trust
related
$7,500,000 · Miscellaneous Ins 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.
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