You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $1,015,000
Warehouses

23 Richard Rd Ivyland, PA 18974-1512

7,813 SF Built 1973
Entity Owned ~ Est. High Equity
Property ID
US73-4296803
Property summary
AI-generated overview

This 7,840 square foot industrial flex condominium in Warminster, PA, offers a versatile space ideal for various business needs. Located at 23 Richard Road within the Northampton Township Business & Technology Center, this single-story property features approximately 700 square feet of office space and 7,140 square feet of warehouse space. The warehouse boasts an 18-foot clear ceiling height, concrete floors, and two drive-in doors with an adaptable rear ramp for potential loading dock configuration. The property is equipped with 200 amp, 3-phase, 220-volt power and public water and sewer connections. Zoned I1-Planned Industrial/Office, this property is well-suited for a range of industrial and office uses. The asking price is $1,250,000, translating to $159.44 per square foot. This prime location in Bucks County offers strategic advantages for businesses seeking a dynamic industrial setting. The functional layout, ample space, and convenient amenities make this property an excellent investment opportunity. The property is part of a thriving business park, fostering innovation and growth within the Northampton Township municipality. This single-unit condominium provides a self-contained and efficient workspace.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1973
Total area 7,813 SF
Zoning code I1
APN 31-001-004-008-023
UPID US73-4296803
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
by Request
CAP Approach CAP
$1.23M
Comparable Approach Comparable
$771k
Blend (final) Blend
$1.02M
Owner & transaction history
Mjmac2007 LLC
Mjmac2007 LLC
since 2025
Last sale
$1.0M
3 recorded transactions
2025
Price N/A
2025
$1.0M
2016
$585,000
Zoning & alternative use
I1 · Ivyland, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.6M +70.9%
Neighborhood: shopping center $1.4M +56.2%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 23 Richard Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message