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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Office buildings
331 Butler Ave New Britain, PA 18901-5270
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-0456636
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
5,930 SF
Lot
0.94 ac (40,946 SF)
Zoning code
C3
APN
25-006-047
UPID
US73-0456636
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
$2.30M
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$2.30M
Owner & transaction history
144 N Main Company LLC · 2 yrs held
144 N Main Company LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
C3 · New Britain, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+14.3%
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 New Britain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Britain 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
$2,300,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
$1,655,000
6.5%
$1,530,000
7%
$1,420,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,680,000
Current use
RESTAURANT
$1,925,000
Change: +14% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,620,000
Change: -4% · Conversion: Easy
MEDICAL BUILDING
$1,465,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.30M (Apr 1 2024)
Last sale anchor
$2.30M
Apr 1 2024
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
$388 / 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
$27,675
Tax year 2024
Assessed value
$137,440
Assessed 2024
Previous assessed
$137,440
+0.0% YoY
Effective rate
20.14%
On assessed value
Assessed land
$29,000
Assessed improvement
$108,440
Land market value
$397,259
Improvement market value
$1,485,473
Total market value
$1,882,732
Applied tax rate
25.0000
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
1980
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
5,930 SF
Lot
0.94 ac (40,946 SF)
Zoning code
C3
APN
25-006-047
UPID
US73-0456636
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C3 · New Britain, PA
Zoning C3 · permitted uses
C3 · New Britain, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Britain. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
RESTAURANT
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1980
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
144 N Main Company LLC
Entity
Mailing address
980 HARVEST DR STE #200, BLUE BELL, PA 19422-1908
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
—
Sstkm Partnership
—
Deed
related
$87,630 · Customers Bank
Jan 24, 2025
—
Sstkm Partnership
—
Deed
related
$139,609 · Customers Bank
Jan 23, 2025
—
Sstkm Partnership
—
Deed
related
$86,844 · Customers Bank
Apr 1, 2024
$2,300,000
144 N Main Company LLC
Wmw Dublin Associates LLC
Special Warranty Deed
—
Feb 28, 2023
—
Sstkm Partnership
—
Deed
related
$138,202 · Customers Bank
Dec 29, 2022
—
Sstkm Partnership
—
Deed
related
$138,182 · Customers Bank
Jun 6, 2022
—
Paul D Loosmann
—
Deed
related
$1,658,000 · Bank Of America NA
Nov 29, 2021
—
Sstkm Partnership
—
Deed
related
$640,000 · Customers Bank
Jan 3, 2019
—
Sstkm Partnership
—
Deed
related
$145,500 · Customers Bank
Nov 16, 2017
—
Sstkm Partnerhip
—
Deed
related
$190,000 · Customers Bank
Sep 15, 2003
—
Sstkm Ptshp
—
Deed Of Trust
related
$1,000,000 · Citizens Bank Pennsylvania
Feb 1, 2001
—
Betzdearborn INC
—
Deed Of Trust
related
$3,000,000 · Bank Of America
Feb 6, 1998
$199,695
Charles Rettstatt
Westrum Buckingham Square LP
Grant Deed
—
—
—
Sstkm Ptshp
—
Deed Of Trust
related
$138,123 · Customers Bank
—
—
Sstkm Ptshp
—
Deed Of Trust
related
$80,000 · Citizens Bank Pennsylvania
—
—
Sstkm Ptshp
—
Deed Of Trust
related
$689,000 · Customers Bank
—
—
Sstkm Ptshp
—
Deed Of Trust
related
$138,123 · Customers Bank
—
—
Sstkm Ptshp
—
Deed Of Trust
related
$138,123 · Customers Bank
—
—
Video Associates Pa-i INC
—
Deed Of Trust
related
$400,000 · Fidelity Bank NA
—
—
Gigliotti Avignon Assoc LP
—
Deed Of Trust
related
$700,000 · George E Michael INC
—
—
Sstkm Ptshp
—
Deed Of Trust
related
$95,000 · Customers 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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