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Property profile & analytics
OFF-MARKET
Estimated value
$5,645,000
Garden apartment buildings
262 Tollgate Rd Langhorne, PA 19047-1377
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1199629
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1940
Total area
58,360 SF
Lot
15.68 ac (683,064 SF)
Zoning code
RA2
APN
22-004-036
UPID
US73-1199629
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
-
Crestview Center Rehabilitation Center Nursing Home
-
Genesis Medical Clinic
-
Petya C. Yaneva, PT Physician
-
Kathleen Woods Physician
-
Kristina Pena Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.65M
Owner & transaction history
Crestview Re LLC · 7 yrs held
Crestview Re LLC
since 2019
7 recorded transactions
Zoning & alternative use
RA2 · Langhorne, PA
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$97 / 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
$167,894
Tax year 2024
Assessed value
$771,200
Assessed 2024
Previous assessed
$771,200
+0.0% YoY
Effective rate
21.77%
On assessed value
Assessed land
$133,280
Assessed improvement
$637,920
Land market value
$1,825,746
Improvement market value
$8,738,592
Total market value
$10,564,338
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1940
Heating
CENTRAL
Cooling
YES
Stories
1
Units
60
Total area
58,360 SF
Lot
15.68 ac (683,064 SF)
Zoning code
RA2
APN
22-004-036
UPID
US73-1199629
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RA2 · Langhorne, PAZoning RA2 · permitted uses
RA2 · Langhorne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Langhorne Borough
Building & site characteristics
From public records
Year built
1940
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
60
Lot
15.68 ac
Current owner
From public records · entity-resolved
Crestview Re LLC
Entity
Mailing address
551 5TH AVE RM #2500, NEW YORK, NY 10176-2600
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Jan 8, 2025
—
Crestview Re LLC
—
Deed
related
$62,000,000 · Customers Bank
Sep 9, 2022
—
Crestview Re LLC
—
Deed
related
$83,000,000 · White Oak Helthcare Reit II LLC
Feb 5, 2019
$12,308,494
Crestview Re LLC
Crestview North INC
Grant Deed
related
$142,072,000 · Keybank USA
Sep 6, 2007
—
Crestview North INC
—
Deed Of Trust
related
$1,500,000,000 · General Electric Capital Corp
Dec 24, 2003
—
Crestview North INC
—
Deed Of Trust
related
$260,000,000 · Wachovia Bank NA
Nov 14, 2001
—
Crestview North INC
—
Deed Of Trust
related
$242,605,000 · First Union National Bank Ttee
Jun 12, 2000
—
Crestview North INC
—
Deed Of Trust
related
$196,851,993 · Mellon Bank NA Trustee
—
—
Crestview North INC
—
Deed Of Trust
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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