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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Warehouses
250 Lincoln Ave Newtown, PA 18940-2100
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US73-1792183
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Total area
6,982 SF
Lot
0.39 ac (16,988 SF)
Zoning code
V1
APN
28-004-071-002
UPID
US73-1792183
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
by Request
Comparable Approach
Comparable
$685k
Blend (final)
Blend
$590k
Owner & transaction history
Joseph J Lucas · 18 yrs held
Joseph J Lucas
since 2008
7 recorded transactions
Zoning & alternative use
V1 · Newtown, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$810,000
Current use
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$85 / 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
$11,758
Tax year 2024
Assessed value
$64,300
Assessed 2024
Previous assessed
$64,300
+0.0% YoY
Effective rate
18.29%
On assessed value
Assessed land
$10,240
Assessed improvement
$54,060
Land market value
$140,273
Improvement market value
$740,545
Total market value
$880,818
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
6,982 SF
Lot
0.39 ac (16,988 SF)
Zoning code
V1
APN
28-004-071-002
UPID
US73-1792183
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
V1 · Newtown, PAZoning V1 · permitted uses
V1 · 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
WAREHOUSE, STORAGE Current
Est. value
$810,000
WAREHOUSE, STORAGE Current
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
2009
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Joseph J Lucas
Individual
Mailing address
250 S LINCOLN AVE, NEWTOWN, PA 18940-2100
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2024
—
Joseph J Lucas
—
Deed
related
$100,000 · The First Natl Bank & Trust Broken Arrow
Jan 3, 2008
$625,000
Joseph J Lucas
Timothy P Mcclain
Deed
$700,000 · First National Bk & Tr Co Of Newtow
—
—
Timothy P Mcclan
—
Deed Of Trust
related
$25,000 · First National Bank & Trust Co
—
—
Timothy P Mcclain
—
Deed Of Trust
related
$100,000 · First Nat'l Bk & Tr Newtown
—
—
Timothy P Mcclain
—
Deed Of Trust
related
$40,000 · First Nat'l Bank & Trust Newto
—
—
Timothy P Mcclain
—
Deed Of Trust
related
$61,200 · First Nat'l Bank & Trust Newto
—
—
Timothy P Mcclaim
—
Deed Of Trust
related
$80,000 · First National Bank & Trust Co
—
—
Timothy P Mcclain
—
Deed Of Trust
related
$175,000 · First National Bank & Trust Co
—
—
Timothy P Mcclain
—
Deed Of Trust
related
$25,000 · First Nat'l Bank & Trust Newto
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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