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Property profile & analytics
OFF-MARKET
Estimated value
$4,065,000
Warehouses
2424 State Rd Bensalem, PA 19020-7300
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2944123
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1940
Total area
64,701 SF
Lot
3.22 ac (140,263 SF)
Zoning code
MR
APN
02-065-019
UPID
US73-2944123
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
-
Bensalem Metal Metal Fabrication Plant Factory
-
FRP ARCHITECTURAL DOORS INC. Production Facility Building Supply
-
Hyducks Marine Canvas & Upholstery Furniture & Home Goods
-
Northeast Union Inc Telecommunications Service
-
FRP Architectural Doors Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.07M
Blend (final)
Blend
$4.07M
Owner & transaction history
2424 State LLC · 3 yrs held
2424 State LLC
since 2022
5 recorded transactions
Zoning & alternative use
MR · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.07M
Range $3.66M – $4.47M · ±10%
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
$63 / 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
$45,188
Tax year 2024
Assessed value
$207,000
Assessed 2024
Previous assessed
$207,000
+0.0% YoY
Effective rate
21.83%
On assessed value
Assessed land
$63,120
Assessed improvement
$143,880
Land market value
$864,654
Improvement market value
$1,970,950
Total market value
$2,835,604
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
1940
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
64,701 SF
Lot
3.22 ac (140,263 SF)
Zoning code
MR
APN
02-065-019
UPID
US73-2944123
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
MR · Bensalem, PA
Zoning MR · permitted uses
MR · 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.
Building & site characteristics
From public records
Year built
1940
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.22 ac
Current owner
From public records · entity-resolved
2424 State LLC
Entity
Mailing address
1100 E BALTIMORE PIKE, KENNETT SQUARE, PA 19348-2304
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2022
—
2424 State LLC
Mount Corporation
Deed
—
Oct 6, 2021
$2,930,000
2424 State LLC
2424 Bensalem LLC
Special Warranty Deed
—
Mar 16, 2020
—
2424 Bensalem LLC
—
Deed
related
$235,000 · Bryn Mawr Trust Co
Jan 14, 1998
$1,100,000
2424 Bensalem
State Road Assoc
Grant Deed
$825,000 · Secore Financial Corp
—
—
2424 Bensalem LLC
—
Deed Of Trust
related
$1,400,000 · Pnc 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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