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Property profile & analytics
OFF-MARKET
Estimated value
$6,470,000
Warehouses
2260 State Rd Bensalem, PA 19020-7280
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-5382605
Property summary
AI-generated overview
This exceptional two-story office building, located at 2260 State Road in Bensalem, Pennsylvania, offers 94,280 square feet of traditional office space. Built in 1944 and renovated in 1970, the property features a single, large suite currently configured for multiple tenants. The building sits on a sizable lot and provides ample parking with 75 spaces available. The zoning is R-55. Currently, there is 8,424 square feet of office space available for lease on the second floor. This space is highly adaptable
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Total area
65,200 SF
Lot
5.06 ac (220,414 SF)
Zoning code
M2
APN
02-065-015-001
UPID
US73-5382605
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
-
ProCorr Display & Packaging Industrial Manufacturer Production Facility
-
ProCorr Industrial Manufacturer Production Facility
-
Metalteck Inc Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.44M
Blend (final)
Blend
$6.47M
Owner & transaction history
Vv436 Lc · 3 yrs held
Vv436 Lc
since 2023
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
M2 · Bensalem, 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 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
$6,750,000
ML approach
$7,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,965,000
Current use
Blend value · Realmo final
$6.47M
Range $5.82M – $7.12M · ±10% · vs last sale $6.42M (Mar 7 2023)
Last sale anchor
$6.42M
Mar 7 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
$99 / 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
$62,329
Tax year 2024
Assessed value
$285,520
Assessed 2024
Previous assessed
$285,520
+0.0% YoY
Effective rate
21.83%
On assessed value
Assessed land
$77,000
Assessed improvement
$208,520
Land market value
$1,054,790
Improvement market value
$2,856,426
Total market value
$3,911,216
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
65,200 SF
Lot
5.06 ac (220,414 SF)
Zoning code
M2
APN
02-065-015-001
UPID
US73-5382605
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Bensalem, PA
Zoning M2 · permitted uses
M2 · 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
WAREHOUSE, STORAGE Current
Est. value
$7.0M
WAREHOUSE, STORAGE Current
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
1970
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
5.06 ac
Current owner
From public records · entity-resolved
Vv436 Lc
Individual
Mailing address
1 BELMONT AVE STE #520, BALA CYNWYD, PA 19004-1608
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2023
$6,420,000
Vv436 Lc
Atc 2260 LLC
Special Warranty Deed
$5,000,000 · Citizens & Northern Bank
Dec 17, 2012
$3,000,000
Atc 2260 LLC
Bucks Cnty Economic Dev Corp
Grant Deed
$2,000,000 · M & T Bank
Feb 9, 2005
$825,000
Advanced Acquisitions LLC
Bucks County Economic Dev Corp
Grant Deed
—
Aug 24, 2004
$2,250,000
Advanced Acquisitions LLC
2260 State Road Associates
Grant Deed
—
Aug 24, 2004
—
Advanced Acquisitions LLC
Bucks County Economic Dev Corp
Grant Deed
$1,094,000 · First Service Bank
Aug 24, 2004
$1,025,000
Advanced Acquisitions LLC
Bucks County Economic Dev Corp
Grant Deed
$1,025,000 · First Service Bank
Apr 19, 1999
—
Eugene Feiner
Bucks County Industrial Dev
Grant Deed
$1,400,000 · Jefferson Bank
—
—
2260 State Road Assoc
—
Deed Of Trust
related
$70,000 · Hudson United Bank
—
—
Bucks County Economic Dev Corp
—
Deed Of Trust
related
$1,094,000 · Pennsylvania Ind'l Dev Auth
—
—
Advanced Acquisitions LLC
—
Deed Of Trust
related
$200,000 · Bucks Cnty Economic Dev Corp
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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