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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Office buildings
2217 Bristol Pike Bensalem, PA 19020-5736
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US73-2178419
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1880
Total area
5,248 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C
APN
02-061-137
UPID
US73-2178419
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
-
Riccio Family Pharmacy Pharmacy
-
Dr. Nicole M. Cicchino, DO Pediatrician Medical Clinic
-
Dr. Jerome H. Horowitz, MD Pediatrician Medical Clinic
-
Torresdale Pediatrics Pediatrician Medical Clinic
-
Meredith Cox Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.22M
Owner & transaction history
Heritage One Properties LP · 16 yrs held
Heritage One Properties LP
since 2010
7 recorded transactions
Zoning & alternative use
C · Bensalem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+31.3%
Apartment house (5+ units)
$1.4M
+10.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,465,000
6.5%
$1,355,000
7%
$1,255,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,295,000
Current use
RESTAURANT
$1,700,000
Change: +31% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,435,000
Change: +11% · Conversion: Easy
MEDICAL BUILDING
$1,295,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,255,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,220,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$232 / 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
$18,983
Tax year 2024
Assessed value
$86,960
Assessed 2024
Previous assessed
$86,960
+0.0% YoY
Effective rate
21.83%
On assessed value
Assessed land
$18,840
Assessed improvement
$68,120
Land market value
$258,081
Improvement market value
$933,147
Total market value
$1,191,228
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1880
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
5,248 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C
APN
02-061-137
UPID
US73-2178419
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C · Bensalem, PA
Zoning C · permitted uses
C · 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
OFFICE BUILDING Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1880
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Heritage One Properties LP
Entity
Mailing address
1502 CHINQUAPIN RD, SOUTHAMPTON, PA 18966-1718
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2010
—
Heritage One Properties LP
Heritage One Properties LP
Quit Claim Deed
—
Sep 12, 2006
$300,000
2215 Bristol Road
Erdman,lloyd & Faye C
Grant Deed
—
—
—
2215 Bristol Road
—
Deed Of Trust
related
$150,000 · Lloyd J JR & Faye Erdman
—
—
Heritage One Properties LP
—
Deed Of Trust
related
$400,000 · Pnc Bank
—
—
Faye C Erdman
—
Deed Of Trust
related
$187,132 · Citizens Bank Pennsylvania
—
—
Faye Erdman
—
Deed Of Trust
related
$161,000 · Citizens Bank Pennsylvania
—
—
Lloyd J Erdman
—
Deed Of Trust
related
$100,000 · Mellon 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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