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Property profile & analytics
OFF-MARKET
Estimated value
$2,840,000
Warehouses
3350 Progress Dr Bensalem, PA 19020-5802
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-0045402
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Total area
42,000 SF
Lot
2.46 ac (106,940 SF)
Zoning code
M2
APN
02-075-043-010
UPID
US73-0045402
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$2.84M
Owner & transaction history
3350 Progress LLC · 1 yrs held
3350 Progress LLC
since 2025
7 recorded transactions
Zoning & alternative use
M2 · 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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,485,000
Current use
Blend value · Realmo final
$2.84M
Range $2.56M – $3.12M · ±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
$68 / 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
$35,801
Tax year 2024
Assessed value
$164,000
Assessed 2024
Previous assessed
$164,000
+0.0% YoY
Effective rate
21.83%
On assessed value
Assessed land
$48,120
Assessed improvement
$115,880
Land market value
$659,175
Improvement market value
$1,587,390
Total market value
$2,246,565
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1976
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
42,000 SF
Lot
2.46 ac (106,940 SF)
Zoning code
M2
APN
02-075-043-010
UPID
US73-0045402
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Bensalem, PA
Zoning M2 · permitted uses
M2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.5M
WAREHOUSE, STORAGE Current
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
1976
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.46 ac
Current owner
From public records · entity-resolved
3350 Progress LLC
Entity
Mailing address
3375 PROGRESS DR, BENSALEM, PA 19020-5801
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
—
3350 Progress LLC
Sigmapharm Laboratories LLC
Special Warranty Deed
—
Feb 15, 2017
$2,350,000
Sigmapharm Laboratories LLC
Kingston Invst LP
Deed
$1,880,000 · Td Bank NA
May 3, 2016
—
Kingston Investments LP
—
Deed
related
$2,360,000 · Penn Community Bank
Jan 25, 2013
$1,273,131
Kingston Investments LP
Bucks County Economic Dev Corp
Grant Deed
—
May 20, 2005
—
Kingston Investments
Bucks County Economic Dev Corp
Grant Deed
related
—
Feb 4, 2005
—
Kingston Investments
Bucks County Economic Dev Corp
Grant Deed
$795,707 · Wachovia Bank NA
Feb 4, 2005
$1,591,414
Bucks County Economic Dev Corp
3350 Progress Drive LLC
Grant Deed
—
Feb 28, 2003
—
3350 Progress Drive LLC
Viskase Corp
Grant Deed
$1,200,000 · Harleysville Nat'l Bank & Trus
Jun 25, 1999
—
Viskase Corp
—
Deed Of Trust
related
$100,000,000 · Cit Group/business Credit INC
—
—
Viskase Corp
—
Deed Of Trust
related
$300,000 · D P Kelly & Associates LP
—
—
Viskase Corp
—
Deed Of Trust
related
—
—
—
Bucks County Economic Dev Corp
—
Deed Of Trust
related
$477,424 · Pennsylvania Ind'l Dev Auth
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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