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Property profile & analytics
OFF-MARKET
Estimated value
$2,055,000
Office buildings
2300 Pennsylvania Ave, Morrisville, PA 19067-2508
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-1028186
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Total area
7,435 SF
Lot
96.33 ac (4,195,917 SF)
Zoning code
HI
APN
13-047-097
UPID
US73-1028186
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
$2.31M
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$2.06M
Owner & transaction history
Lpc Morrisville LP · 2 yrs held
Lpc Morrisville LP
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
HI · Morrisville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+54.5%
Apartment house (5+ units)
$2.0M
+30.1%
Medical building
$1.8M
+17.5%
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
$2,105,000
ML approach
$2,310,000
CAP Approach
CAP Return
Estimation
6%
$2,080,000
6.5%
$1,920,000
7%
$1,780,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,560,000
Current use
RESTAURANT
$2,410,000
Change: +54% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,030,000
Change: +30% · Conversion: Easy
MEDICAL BUILDING
$1,835,000
Change: +18% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,780,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,730,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$1,475,000
Change: -6% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,345,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.06M
Range $1.85M – $2.26M · ±10% · vs last sale $2.00M (Sep 19 2023)
Last sale anchor
$2.00M
Sep 19 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
$276 / 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
$126,641
Tax year 2024
Assessed value
$568,650
Assessed 2024
Previous assessed
$568,650
+0.0% YoY
Effective rate
22.27%
On assessed value
Assessed land
$481,650
Assessed improvement
$87,000
Land market value
$6,597,917
Improvement market value
$1,191,776
Total market value
$7,789,693
Applied tax rate
13.0000
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
1950
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
1
Total area
7,435 SF
Lot
96.33 ac (4,195,917 SF)
Zoning code
HI
APN
13-047-097
UPID
US73-1028186
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
HI · Morrisville, PA
Zoning HI · permitted uses
HI · 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
OFFICE BUILDING Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1950
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
96.33 ac
Current owner
From public records · entity-resolved
Lpc Morrisville LP
Entity
Mailing address
191 N WACKER DR STE #1700, CHICAGO, IL 60606-1631
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2023
—
Lpc Morrisville LP
Lpc Morrisville LP
Intrafamily Transfer
related
$91,000,000 · Bank Of The Ozarks
Sep 29, 2022
—
Lpc Morrisville LP
Lpc Morrisville LP
Intrafamily Transfer
related
—
Jan 25, 2022
—
Lpc Morrisville LP
Lpc Morrisville LP
Intrafamily Transfer
related
—
Jan 12, 2022
$2,000,000
Lpc Morrisville LP
Stalwart Morrisville LLC
Deed
—
Dec 9, 2021
$53,000,000
Lpc Morrisville LP
Stalwart Morrisville LLC
Special Warranty Deed
—
Dec 9, 2021
$12,000,000
Stawart Morrisville LLC
Solvay USA INC
Deed
—
Oct 29, 1998
$3,290,092
Rhodia INC
Rhone-poulenc INC
Grant Deed
—
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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