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Property profile & analytics
OFF-MARKET
Estimated value
$16,505,000
Community centers
2343 Lincoln Hwy Langhorne, PA 19047-1812
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US73-0379006
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1997
Total area
67,269 SF
Lot
6.09 ac (265,368 SF)
Zoning code
C
APN
22-040-026-010
UPID
US73-0379006
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
-
Lane Bryant Clothing & Fashion Store
-
Avalon Flooring - Langhorne, PA Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.67M
CAP Approach
CAP
$16.09M
Comparable Approach
Comparable
$12.42M
Blend (final)
Blend
$16.51M
Owner & transaction history
Bucks County Water And Sewer Author · 4 yrs held
Bucks County Water And Sewer Author
since 2021
Last sale
$18.7M
7 recorded transactions
Zoning & alternative use
C · Langhorne, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.8M
+79.2%
Auto repair, garage
$21.0M
+72.5%
Apartment house (5+ units)
$18.4M
+50.9%
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 Langhorne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Langhorne 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
$21,460,000
ML approach
$11,670,000
CAP Approach
CAP Return
Estimation
6%
$17,430,000
6.5%
$16,090,000
7%
$14,940,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$12,180,000
Current use
RESTAURANT
$21,820,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$21,005,000
Change: +72% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$18,380,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$16,600,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$13,905,000
Change: +14% · Conversion: Easy
OFFICE BUILDING
$12,890,000
Change: +6% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$10,300,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$16.51M
Range $14.85M – $18.16M · ±10% · vs last sale $18.70M (Jul 16 2021)
Last sale anchor
$18.70M
Jul 16 2021
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
$245 / 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
$212,828
Tax year 2024
Assessed value
$977,600
Assessed 2024
Previous assessed
$977,600
+0.0% YoY
Effective rate
21.77%
On assessed value
Assessed land
$345,000
Assessed improvement
$632,600
Land market value
$4,726,007
Improvement market value
$8,665,716
Total market value
$13,391,723
Applied tax rate
22.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1997
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
67,269 SF
Lot
6.09 ac (265,368 SF)
Zoning code
C
APN
22-040-026-010
UPID
US73-0379006
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C · Langhorne, PA
Zoning C · permitted uses
C · Langhorne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Langhorne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$12.2M
RESTAURANT
Est. value
$21.8M
AUTO REPAIR, GARAGE
Est. value
$21.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.4M
MEDICAL BUILDING
Est. value
$16.6M
RETAIL STORES
Est. value
$13.9M
OFFICE BUILDING
Est. value
$12.9M
INDUSTRIAL (GENERAL)
Est. value
$10.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1997
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
6.09 ac
Current owner
From public records · entity-resolved
Bucks County Water And Sewer Author
Entity
Free & Clear · 4 yrs held
Mailing address
6300 WILSHIRE BLVD STE #1800, LOS ANGELES, CA 90048-5236
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jul 16, 2021
—
Bucks County Water And Sewer Author
Marketplace At Oxford Valley LP
Deed
—
May 12, 2014
$13,051,525
Marketplace Of Oxford Valley LP
Ibv-immobilienfonds Intl 1 Us
Quit Claim Deed
$9,500,000 · Union Ctr Nat'l Bk
Dec 4, 2000
—
Ibv Immobilienfonds Intl
—
Deed Of Trust
related
$19,686,083 · Landesbank Hessen Thuringen Gi
Oct 20, 1999
—
Int'l 1 Ibv-immobilienfonds
—
Deed Of Trust
related
$12,177,375 · Landesbank Hessen Thuringen Gi
Jul 27, 1999
$9,900,000
Ibv Immobilienfonds Int'l 1 Us
Orix Wilkinson Ehrhart Oxford
Grant Deed
—
Mar 21, 1997
$2,671,400
Wilkinson Ehrhart Oxford Orix
Merriam Unitrust
Grant Deed
—
—
—
Ibv-immobilienfonds Intl 1 Us
—
Deed Of Trust
related
$7,875,000 · Landesbank Hessen Thuringen Gi
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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