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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Car washes
225 Plz Blvd Morrisville, PA 19067-7600
Entity Owned
2-yr Hold
Free & Clear
Property ID
US73-0427738
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
1966
Total area
10,680 SF
Lot
1.03 ac (44,997 SF)
Zoning code
C2
APN
24-001-001-001
UPID
US73-0427738
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
$3.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$2.98M
Owner & transaction history
Chesapeake Pines Pa 6 LLC · 2 yrs held
Chesapeake Pines Pa 6 LLC
since 2023
Last sale
$2.9M
6 recorded transactions
Zoning & alternative use
C2 · Morrisville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+39.6%
Apartment house (5+ units)
$2.9M
+17.6%
Medical building
$2.6M
+6.2%
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
$3,050,000
ML approach
$3,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,480,000
Current use
RESTAURANT
$3,465,000
Change: +40% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,920,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$2,635,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,555,000
Change: +3% · Conversion: Moderate
OFFICE BUILDING
$2,240,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$2,115,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±10% · vs last sale $2.90M (Aug 18 2023)
Last sale anchor
$2.90M
Aug 18 2023
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
$279 / 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
$26,320
Tax year 2024
Assessed value
$81,750
Assessed 2024
Previous assessed
$81,750
+0.0% YoY
Effective rate
32.20%
On assessed value
Assessed land
$22,430
Assessed improvement
$59,320
Land market value
$307,259
Improvement market value
$812,599
Total market value
$1,119,858
Applied tax rate
24.0000
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
Car washes
Use group
CAR WASH - AUTOMATED
Status
Off-Market
Year built
1966
Heating
CENTRAL
Cooling
NONE
Stories
1
Total area
10,680 SF
Lot
1.03 ac (44,997 SF)
Zoning code
C2
APN
24-001-001-001
UPID
US73-0427738
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Morrisville, PA
Zoning C2 · permitted uses
C2 · 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
AUTO REPAIR, GARAGE Current
Est. value
$2.5M
RESTAURANT
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1966
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Chesapeake Pines Pa 6 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6211 S HIGHLAND DR #3051, HOLLADAY, UT 84121-2125
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2023
$2,900,000
Chesapeake Pines Pa 6 LLC
225 Plaza Boulevard INC
Special Warranty Deed
—
Feb 24, 2022
—
Pennsbury Court Owner LLC
PC Propco LLC
Special Warranty Deed
$17,411,379 · Capital Funding
Sep 4, 2001
$850,000
225 Plaza Blvd INC
Mace Car Wash INC
Grant Deed
$950,000 · Yardville National Bank
Jun 29, 1999
$500,000
Mace Car Wash INC
Gabes Plaza Car Wash INC
Grant Deed
$200,000 · Seller
—
—
225 Plaza Boulevard INC
—
Deed Of Trust
related
$875,000 · First Bank
—
—
354 Associates
—
Deed Of Trust
related
$1,224,039 · Sunamerica Life Insurance 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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