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Property profile & analytics
OFF-MARKET
Estimated value
$29,875,000
Garden apartment buildings
3000 Frd Rd Bristol, PA 19007-1474
Entity Owned
12-yr Hold
Free & Clear
Property ID
US73-2599901
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Total area
150,000 SF
Lot
21.46 ac (934,710 SF)
Zoning code
R3
APN
05-020-004-001
UPID
US73-2599901
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
$28.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.88M
Owner & transaction history
Levittown Trace LLC · 12 yrs held
Levittown Trace LLC
since 2013
3 recorded transactions
Zoning & alternative use
R3 · Bristol, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$48.7M
+18.7%
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 Bristol submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bristol 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%
$30,955,000
6.5%
$28,575,000
7%
$26,530,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$40,985,000
Current use
RESTAURANT
$48,655,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$37,015,000
Change: -10% · Conversion: Moderate
AUTO REPAIR, GARAGE
$34,855,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$29.88M
Range $26.89M – $32.86M · ±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
$199 / 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
$773,431
Tax year 2024
Assessed value
$2,848,000
Assessed 2024
Previous assessed
$2,848,000
+0.0% YoY
Effective rate
27.16%
On assessed value
Assessed land
$321,920
Assessed improvement
$2,526,080
Land market value
$4,409,844
Improvement market value
$34,603,684
Total market value
$39,013,528
Applied tax rate
5.0000
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
1973
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
150,000 SF
Lot
21.46 ac (934,710 SF)
Zoning code
R3
APN
05-020-004-001
UPID
US73-2599901
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R3 · Bristol, PAZoning R3 · permitted uses
R3 · Bristol, 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$41.0M
RESTAURANT
Est. value
$48.7M
MEDICAL BUILDING
Est. value
$37.0M
AUTO REPAIR, GARAGE
Est. value
$34.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1973
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
21.46 ac
Current owner
From public records · entity-resolved
Levittown Trace LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 478, MIDDLESEX, NJ 08846-0478
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2013
$26,025,298
Levittown Trace LLC
Keystone Gardens Associates LP
Grant Deed
—
Feb 12, 1998
—
Keystone Gardens Associates LP
—
Deed Of Trust
related
$14,560,000 · Lehman Capital Corp
—
—
Keystone Gardens Associates LP
—
Deed Of Trust
related
$17,680,000 · Pw Funding INC
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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