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Property profile & analytics
OFF-MARKET
Estimated value
$20,140,000
Warehouses
350 Ivyland Rd Warminster, PA 18974-2216
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-4057419
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Total area
249,396 SF
Lot
18.7 ac (814,746 SF)
Zoning code
I
APN
49-009-079
UPID
US73-4057419
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
-
Shamrock Trucking LLC Trucking Company
-
Mygrant Glass Corporation Production Facility
-
Omnilift Inc Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.40M
Blend (final)
Blend
$20.14M
Owner & transaction history
Mrp Pa Mt LLC · 4 yrs held
Mrp Pa Mt LLC
since 2021
7 recorded transactions
Zoning & alternative use
I · Warminster, 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 Warminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warminster 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
$28,910,000
Current use
Blend value · Realmo final
$20.14M
Range $18.13M – $22.15M · ±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
$81 / 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
$405,599
Tax year 2024
Assessed value
$1,921,680
Assessed 2024
Previous assessed
$1,921,680
+0.0% YoY
Effective rate
21.11%
On assessed value
Assessed land
$187,000
Assessed improvement
$1,734,680
Land market value
$2,561,633
Improvement market value
$23,762,636
Total market value
$26,324,269
Applied tax rate
49.0000
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
2021
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
249,396 SF
Lot
18.7 ac (814,746 SF)
Zoning code
I
APN
49-009-079
UPID
US73-4057419
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I · Warminster, PAZoning I · permitted uses
I · Warminster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$28.9M
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
2021
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
18.7 ac
Current owner
From public records · entity-resolved
Mrp Pa Mt LLC
Entity
Mailing address
3271 ARDEN RD, HAYWARD, CA 94545-3901
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2022
—
Mrp Pa Mt LLC
—
Deed
related
$24,620,000 · Wells Fargo Bank NA
Dec 29, 2021
—
Mrp Pa Mt LLC
Michael R Mygrant
Special Warranty Deed
—
Oct 2, 2020
$6,700,000
Mygrant Living Trust
Ivyland 40 Love LLC
Grant Deed
—
Jul 10, 2019
—
Ivyland 40 Love LLC
—
Deed
related
$1,625,000 · Dnb First NA
Jun 24, 2019
$2,500,000
Ivyland 40 Love LLC
Schenk Ents LLC
Correction Deed
related
—
May 14, 2019
$2,500,000
40 Love Lane LLC
Schenk Ents LLC
Grant Deed
—
Aug 1, 2003
$1,700,000
955 Mearns Associates LP
—
Grant Deed
related
—
May 1, 2002
—
955 Mearns Associates LP
Alfa Laval INC
Quit Claim Deed
related
$10,900 · Bank Of New York
Aug 23, 2000
—
Adlfa Laval INC
—
Deed Of Trust
related
$126,800,000 · Skandinaviska Enskilda Trustee
Sep 16, 1998
—
Alfa Laval Separation INC
Sharples INC
Grant Deed
related
—
—
—
Ivyland 40 Love LLC
—
Deed Of Trust
related
$1,625,000 · Dnb First NA
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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