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Property profile & analytics
OFF-MARKET
Estimated value
$7,475,000
Warehouses
315 St Rd Warminster, PA 18974-3208
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0611840
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Total area
40,005 SF
Lot
5.21 ac (226,773 SF)
APN
49-020-042
UPID
US73-0611840
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
-
RSR Industries, Inc. Industrial Manufacturer Production Facility
-
First Hand Tattoo Tattoo & Piercing Shop
-
Thermmax Scientific Products Production Facility
-
AmeriPak Department Store
-
Ameriscend Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.43M
CAP Approach
CAP
$6.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.48M
Owner & transaction history
Elm Cove LLC · 4 yrs held
Elm Cove LLC
since 2021
Last sale
$7.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.9M
+135.7%
Medical building
$9.9M
+112.9%
Commercial (general)
$9.6M
+106.4%
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 Warminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warminster 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
$8,265,000
ML approach
$8,425,000
CAP Approach
CAP Return
Estimation
6%
$6,820,000
6.5%
$6,295,000
7%
$5,845,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,635,000
Current use
APARTMENT HOUSE (5+ UNITS)
$10,930,000
Change: +136% · Conversion: Difficult
MEDICAL BUILDING
$9,870,000
Change: +113% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,570,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,295,000
Change: +100% · Conversion: Easy
RETAIL STORES
$7,925,000
Change: +71% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,245,000
Change: +56% · Conversion: Moderate
Blend value · Realmo final
$7.48M
Range $6.73M – $8.22M · ±10% · vs last sale $7.20M (Dec 13 2021)
Last sale anchor
$7.20M
Dec 13 2021
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
$187 / 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
$52,545
Tax year 2024
Assessed value
$248,950
Assessed 2024
Previous assessed
$248,950
+0.0% YoY
Effective rate
21.11%
On assessed value
Assessed land
$67,720
Assessed improvement
$181,230
Land market value
$927,667
Improvement market value
$2,482,592
Total market value
$3,410,259
Applied tax rate
49.0000
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
1960
Heating
CENTRAL
Cooling
NONE
Stories
1
Total area
40,005 SF
Lot
5.21 ac (226,773 SF)
APN
49-020-042
UPID
US73-0611840
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.9M
MEDICAL BUILDING
Est. value
$9.9M
COMMERCIAL (GENERAL)
Est. value
$9.6M
AUTO REPAIR, GARAGE
Est. value
$9.3M
RETAIL STORES
Est. value
$7.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1960
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
5.21 ac
Current owner
From public records · entity-resolved
Elm Cove LLC
Entity
Mailing address
315 W ST RD, WARMINSTER, PA 18974-3208
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
—
Elm Cove LLC
—
Deed
related
$3,017,000 · Elm Cove LLC
Dec 13, 2021
$7,200,000
Elm Cove LLC
315 West Street Road LP
Deed
$3,616,574 · Penn Community Bank
Dec 13, 2021
—
Ameriscend LLC
Penn Community Bank
Other
—
Apr 7, 2011
—
315 West Street Road LP
—
Deed Of Trust
related
$2,000,000 · American Heritage FCU
Jan 14, 2011
$1,650,000
315 West Street Road L P
E J Partners
Deed
$2,000,000 · American Federal International Ltd
Aug 22, 1997
$1,300,000
E J Partners
Modern Mailers INC
Grant Deed
$1,100,000 · Harleysville Nat'l Bank & Trus
—
—
E J Partners
—
Deed Of Trust
related
$300,000 · Harleysville Nat'l Bank & Trus
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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