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Property profile & analytics
OFF-MARKET
Warehouses
2520 Knights Rd Bensalem, PA 19020-3407
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-2803602
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Total area
2,635 SF
Lot
3.76 ac (163,655 SF)
Zoning code
HC
APN
02-036-296-001
UPID
US73-2803602
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
-
Expressway Furniture Home Decor Store Department Store
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Storage Portfolio II Subsidiary LLC · 8 yrs held
Storage Portfolio II Subsidiary LLC
since 2017
7 recorded transactions
Zoning & alternative use
HC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$81,260
Tax year 2024
Assessed value
$372,240
Assessed 2024
Previous assessed
$372,240
+0.0% YoY
Effective rate
21.83%
On assessed value
Assessed land
$130,960
Assessed improvement
$241,280
Land market value
$1,793,965
Improvement market value
$3,305,191
Total market value
$5,099,156
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
2,635 SF
Lot
3.76 ac (163,655 SF)
Zoning code
HC
APN
02-036-296-001
UPID
US73-2803602
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
HC · Bensalem, PA
Zoning HC · permitted uses
HC · 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
2004
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
3.76 ac
Current owner
From public records · entity-resolved
Storage Portfolio II Subsidiary LLC
Entity
Mailing address
6890 S 2300TH E, SALT LAKE CITY, UT 84171-6001
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2017
$5,322,000
Storage Portfolio II Subsidiary LLC
Extra Space Of Knights Road L Lc
Deed
—
Nov 2, 2011
—
Extra Space Of Knights Road LLC
—
Deed Of Trust
related
$75,000,000 · Bank Of America
Sep 28, 2010
—
Extra Space Of Knights Road LLC
—
Deed Of Trust
related
$50,000,000 · Bank Of America
Mar 20, 2009
—
Extra Space Of Knights Road LLC
—
Deed Of Trust
related
$50,000,000 · Bank Of America
May 25, 2006
—
Extra Space Of Knights Road LLC
Premier Storage Solutions Of Bens
Warranty Deed
—
Jun 10, 2004
$152,306
Premier Storage Solutions Of Bens
Krt Propert Holdings LLC
Grant Deed
—
Jun 4, 2003
—
Premier Storage Solutions Bets
—
Deed Of Trust
related
$2,730,000 · National Penn Bank
Feb 13, 2003
—
Premier Storage Solutions
Kramont Operating Partnership
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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