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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Commercial real estate
230 State St Newtown, PA 18940-1928
Entity Owned
2-yr Hold
Property ID
US73-0474677
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Total area
2,500 SF
Lot
0.28 ac (12,197 SF)
Zoning code
VC
APN
28-001-005
UPID
US73-0474677
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
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$587k
Blend (final)
Blend
$935k
Owner & transaction history
230 S State LLC · 2 yrs held
230 S State LLC
since 2023
Last sale
$900,000
6 recorded transactions
Zoning & alternative use
VC · Newtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$625,000
+4.8%
Medical building
$615,000
+3.2%
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 Newtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newtown 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
$945,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$600,000
Current use
OFFICE BUILDING
$625,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$615,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$580,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10% · vs last sale $900k (Aug 15 2023)
Last sale anchor
$900k
Aug 15 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
$374 / 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
$7,899
Tax year 2024
Assessed value
$43,200
Assessed 2024
Previous assessed
$43,200
+0.0% YoY
Effective rate
18.28%
On assessed value
Assessed land
$12,680
Assessed improvement
$30,520
Land market value
$173,698
Improvement market value
$418,080
Total market value
$591,778
Applied tax rate
28.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1900
Heating
CENTRAL
Cooling
NONE
Stories
1
Total area
2,500 SF
Lot
0.28 ac (12,197 SF)
Zoning code
VC
APN
28-001-005
UPID
US73-0474677
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
VC · Newtown, PAZoning VC · permitted uses
VC · Newtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$600,000
OFFICE BUILDING
Est. value
$625,000
MEDICAL BUILDING
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$580,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
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
1900
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
230 S State LLC
Entity
Mailing address
845 WINTHROP DR, YARDLEY, PA 19067-4320
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 15, 2023
$900,000
230 S State LLC
R R R Investment Group LLC
Deed
—
Jul 20, 1999
$380,000
R R R Investment
Barbagallo,joseph S
Grant Deed
$296,000 · First Service Bank
—
—
Joseph S Barbagallo
—
Deed Of Trust
related
$300,000 · Corestates Bank
—
—
Rrr Investment Group LLC
—
Deed Of Trust
related
$100,000 · Robbie A Johnson
—
—
Rrr Investment Group LLC
—
Deed Of Trust
related
$450,000 · Bancorp Bank
—
—
Rrr Investment Group LLC
—
Deed Of Trust
related
$680,000 · Milestone 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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