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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Garden apartment buildings
3300 Neshaminy Blvd Bensalem, PA 19020-1755
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-0940301
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1970
Total area
9,300 SF
Lot
14.02 ac (610,711 SF)
Zoning code
CD
APN
02-089-148
UPID
US73-0940301
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
-
Ark Apartment Residences Apartment Building Apartment Complex
-
The Car Repair Guy Mobile Auto Mechanic Auto Repair Shop
-
Nytef Plastics Ltd Industrial Manufacturer Production Facility
-
Royal Focus inc. Photography Service (Bike/Boat/Book/etc) Store
-
Bensalem Mobile Auto Repair LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$950k
Owner & transaction history
Rps Ptshp LP · 9 yrs held
Rps Ptshp LP
since 2017
5 recorded transactions
Zoning & alternative use
CD · 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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$102 / 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
$447,410
Tax year 2024
Assessed value
$2,049,520
Assessed 2024
Previous assessed
$2,049,520
+0.0% YoY
Effective rate
21.83%
On assessed value
Assessed land
$274,800
Assessed improvement
$1,774,720
Land market value
$3,764,367
Improvement market value
$24,311,126
Total market value
$28,075,493
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1970
Heating
CENTRAL
Cooling
YES
Buildings
7
Stories
2
Total area
9,300 SF
Lot
14.02 ac (610,711 SF)
Zoning code
CD
APN
02-089-148
UPID
US73-0940301
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CD · Bensalem, PA
Zoning CD · permitted uses
CD · 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
1970
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
7
Lot
14.02 ac
Current owner
From public records · entity-resolved
Rps Ptshp LP
Entity
Mailing address
PO BOX 580, LAKEWOOD, NJ 08701-0580
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2021
—
Rps Partnership Ls
—
Deed
related
$19,600,000 · Greystone Servicing Company LLC
Jun 6, 2017
—
Rps Ptshp LP
Korman Financing Ptshp LP
Grant Deed
related
—
Jan 8, 2013
—
Financing Ptshp LP Korman
—
Deed Of Trust
related
$90,000,000 · Private Lender
Mar 4, 1998
—
Korman Financing Partnership
—
Grant Deed
related
$10,400,000 · Green Park Financial LP
—
—
Korman Financing Partnership
—
Deed Of Trust
related
$1,600,000 · Green Park Financial LP
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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