Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3350 Tillman Dr Bensalem, PA 19020-2030

    • Office buildings
    • 43,330 SF
    • 5.25 lot acres
    OFF-MARKET
    Value Estimations
    $8,765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1978774
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • School Lane Charter School - IB Campus / High School

    Property Details for 3350 Tillman Dr

    Year built
    1991
    Lot size
    5.25 lot acres
    Property size
    43,330 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    02-035-001-004
    APU
    2035001004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,705,000
      Market price range: $5.27M - $15.7M
      AI Estimate
      $6,823,000
      Market price range: $2.89M - $9.38M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $10,705,000
      Current use
      RESTAURANT
      $14,055,000
      Change: +31% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $11,840,000
      Change: +11% Conversion: Easy
      MEDICAL BUILDING
      $10,695,000
      Change: -0% Conversion: Easy
      COMMERCIAL (GENERAL)
      $10,365,000
      Change: -3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $10,070,000
      Change: -6% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bensalem
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.9588
    Latitude
    40.1143
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,944 SF

      1340 St Rd

      OFFICE BUILDING • 2,944 SF
      1340 St Rd, Bensalem, PA 19020-4259
      View Details
    • Value Estimation
      $540,000
      4,146 SF

      2222 Bristol Pike

      OFFICE BUILDING • 4,146 SF
      2222 Bristol Pike, Bensalem, PA 19020-5210
      View Details
    • Value Estimation
      $2,975,000
      25,256 SF

      3070 Bristol Pike

      OFFICE BUILDING • 25,256 SF
      3070 Bristol Pike, Bensalem, PA 19020-5364
      View Details
    • Value Estimation
      $710,000
      5,096 SF

      3569 Bristol Pike, Unit 1

      OFFICE BUILDING • 5,096 SF
      3569 Bristol Pike, Bensalem, PA 19020-4664
      View Details
    • Value Estimation
      $670,000
      2,400 SF

      3578 St Rd

      OFFICE BUILDING • 2,400 SF
      3578 St Rd, Bensalem, PA 19020
      View Details
    • Value Estimation by Request
      1,098 SF

      1328 St Rd

      PROFESSIONAL BUILDING • 1,098 SF
      1328 St Rd, Bensalem, PA 19020-4262
      View Details

    Similar Nearby for Sale

    • $1,995,900
      4,700 SF

      Versatile Commercial Building in BENSALEM

      Well-maintained commercial building with flexible space and ample parking.
      2336 Street Rd, Bensalem, PA 19020
      View Details
    • Contact for pricing

      Premier Office Building on Street Road

      Four-story office building with suites available in Bensalem Township, PA.
      1950 Street Rd, Bensalem, PA 19020
      View Details
    • $2,299,999
      15,300 SF

      Bensalem Office Building For Sale

      15,300 sqft office building in Bensalem, PA for sale.
      3618 Hulmeville Rd, Bensalem, PA 19020
      View Details
    • $759,900
      0.84 Acres

      Turnkey Commercial Property in Bensalem

      Move-in ready office near Parx Casino with expansion potential.
      3157 Mechanicsville Rd, Bensalem, PA 19020
      View Details
    • Contact for pricing
      25,000 SF

      Former Classroom/Admin Building For Sale

      25,000 SF building with 200 parking spaces in Bensalem.
      3330 Tillman Dr, Bensalem, PA 19020
      View Details
    • Contact for pricing
      Pending

      High Visibility Business Professional Property

      Business Professional zoned property with high visibility and multiple uses.
      1526 Street Rd, Bensalem, PA 19020
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Premier Office Building on Street Road

      Four-story office building with units from 127 to 4,373 SF.
      1950 Street Rd, Bensalem, PA 19020
      View Details
    • New
      $2,200 /Mo

      Freestanding Building Near Philadelphia Border

      Freestanding building ideal for daycare, salon, or homecare agency.
      2776 Knights Rd, Bensalem, PA 19020
      View Details
    • Contact for pricing
      12,000 SF

      Class A Office Space Available

      Up to 12,000 SF of Class A office space for lease.
      1301 Bristol Pike, Bensalem, PA 19020
      View Details
    • Contact for pricing
      5,000 SF

      Bensalem Retail and Office Space

      Retail and office spaces available for lease in Bensalem, PA.
      1336 Bristol Pike, Bensalem, PA 19020
      View Details
    • Contact for pricing
      623 SF

      Bensalem Retail and Office Spaces

      Retail and office spaces available for lease in Bensalem, PA.
      1336-1338 Bristol Pike, Bensalem, PA 19020
      View Details
    • Contact for pricing
      22,710 SF

      Bensalem Office Space Available

      Office space available for rent in Bensalem, Pennsylvania.
      3220 Tillman Dr, Bensalem, PA 19020
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3350 Tillman Dr
    Bensalem, PA 19020-2030
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!