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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Retail space
322 Trenton Ave, Morrisville, PA 19067-2041
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0038447
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Total area
6,000 SF
Lot
0.65 ac (28,488 SF)
Zoning code
BP
APN
13-035-032
UPID
US73-0038447
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
$1.73M
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$1.60M
Owner & transaction history
Morrisroperty LLC · 4 yrs held
Morrisroperty LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
BP · Morrisville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+63.8%
Apartment house (5+ units)
$1.6M
+38.0%
Medical building
$1.5M
+24.6%
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 Morrisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrisville 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
$1,720,000
ML approach
$1,730,000
CAP Approach
CAP Return
Estimation
6%
$1,450,000
6.5%
$1,340,000
7%
$1,245,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,190,000
Current use
RESTAURANT
$1,945,000
Change: +64% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,640,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$1,480,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,435,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,395,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$1,260,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,085,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10% · vs last sale $1.50M (Sep 30 2021)
Last sale anchor
$1.50M
Sep 30 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
$266 / 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
$20,124
Tax year 2024
Assessed value
$90,360
Assessed 2024
Previous assessed
$90,360
+0.0% YoY
Effective rate
22.27%
On assessed value
Assessed land
$23,320
Assessed improvement
$67,040
Land market value
$319,451
Improvement market value
$918,352
Total market value
$1,237,803
Applied tax rate
13.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1970
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
6,000 SF
Lot
0.65 ac (28,488 SF)
Zoning code
BP
APN
13-035-032
UPID
US73-0038447
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
BP · Morrisville, PA
Zoning BP · permitted uses
BP · Morrisville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrisville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1970
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Morrisroperty LLC
Entity
Mailing address
322 W TRENTON AVE, MORRISVILLE, PA 19067-2041
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2022
—
Morrisproperty LLC
—
Deed
related
$1,200,000 · The Dime Bank
Sep 30, 2021
$1,500,000
Morrisroperty LLC
Laundry Properties LLC
Deed
$2,105,000 · Stone Bank
Nov 19, 2018
—
Laundry Properties LLC
—
Deed
related
$375,000 · Monument Bank
Jun 14, 2017
—
Laundry Properties LLC
—
Deed
related
$400,000 · Monument Bank
Feb 7, 2017
—
Laundry Properties LLC
—
Deed
related
$450,000 · Eastern Funding LLC
Feb 16, 2005
$675,000
Laundry Properties LLC
Kahlenberg,michael A & Patricia J
Grant Deed
$400,000 · Eastern Funding
—
—
Michael A Kahlenberg
—
Deed Of Trust
related
$10,000 · Sovereign Bank
—
—
Michael A Kahlenberg
—
Deed Of Trust
related
$10,000 · Sovereign Bank
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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