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Property profile & analytics
OFF-MARKET
Estimated value
$3,860,000
Office buildings
3260 Tillman Dr Bensalem, PA 19020-2029
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US73-0049363
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
30,703 SF
Lot
4.42 ac (192,361 SF)
Zoning code
RA
APN
02-013-406
UPID
US73-0049363
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
-
Julie Geiser Physician
-
Cummins Allison Inc Industrial Manufacturer Production Facility
-
Monarch Recovery Management Inc Accounting Firm Loan Service
-
Lauren Popivchak Physician
-
Ivy Rehab for Kids Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.18M
Blend (final)
Blend
$3.86M
Owner & transaction history
Glenview Equities LLC · 12 yrs held
Glenview Equities LLC
since 2014
6 recorded transactions
Zoning & alternative use
RA · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.86M
Range $3.47M – $4.25M · ±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
$126 / 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
$56,254
Tax year 2024
Assessed value
$257,690
Assessed 2024
Previous assessed
$357,380
-27.9% YoY
Effective rate
21.83%
On assessed value
Assessed land
$76,940
Assessed improvement
$180,750
Land market value
$1,053,968
Improvement market value
$2,476,017
Total market value
$3,529,985
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
30,703 SF
Lot
4.42 ac (192,361 SF)
Zoning code
RA
APN
02-013-406
UPID
US73-0049363
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RA · Bensalem, PA
Zoning RA · permitted uses
RA · 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
1990
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
4.42 ac
Current owner
From public records · entity-resolved
Glenview Equities LLC
Entity
Mailing address
1717 ARCH ST STE #3820, PHILADELPHIA, PA 19103-2761
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2019
—
Glenview Equities LLC
—
Grant Deed
related
$18,200,000 · Barclays Cap R/e
Feb 19, 2014
$2,460,000
Glenview Equities LLC
Glenview Equities LLC
Grant Deed
—
Feb 12, 2014
—
Glenview Equities LLC
Glenview Corp Center Assocs LP
Quit Claim Deed
—
Dec 6, 2006
$27,800,000
Glenview Corporate Center Asso
Glenview Corporate Center
Grant Deed
—
Jan 3, 2006
—
Glenview Corporate Center
—
Deed Of Trust
related
$6,487,500 · Bank Of America
—
—
Glenview Corporate Center
—
Deed Of Trust
related
$3,650,000 · Bank Of America
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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