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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Warehouses
355 Flowers Ml Rd Langhorne, PA 19047-2939
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-1432960
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Total area
48,232 SF
Lot
5.44 ac (236,966 SF)
Zoning code
M1
APN
22-040-008
UPID
US73-1432960
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
-
Eastern Auto Parts Warehouse Auto Parts Store
-
Eastern Warehouse Distributors HQ Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$4.00M
Owner & transaction history
355 S Flowers Mill Road LLC · 1 yrs held
355 S Flowers Mill Road LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
M1 · Langhorne, 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 Langhorne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Langhorne 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
$4,000,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (Sep 17 2024)
Last sale anchor
$4.00M
Sep 17 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
$83 / 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
$70,092
Tax year 2024
Assessed value
$321,960
Assessed 2024
Previous assessed
$321,960
+0.0% YoY
Effective rate
21.77%
On assessed value
Assessed land
$97,920
Assessed improvement
$224,040
Land market value
$1,341,364
Improvement market value
$3,069,028
Total market value
$4,410,392
Applied tax rate
22.0000
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
48,232 SF
Lot
5.44 ac (236,966 SF)
Zoning code
M1
APN
22-040-008
UPID
US73-1432960
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Langhorne, PA
Zoning M1 · permitted uses
M1 · Langhorne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Langhorne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
5.44 ac
Current owner
From public records · entity-resolved
355 S Flowers Mill Road LLC
Entity
Mailing address
355 S FLOWERS ML RD, LANGHORNE, PA 19047-2939
Mailing matches property
Yes
Owner-occupied
Yes
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2024
$4,000,000
355 S Flowers Mill Road LLC
Bugg LLC
Special Warranty Deed
$3,200,000 · Penn Community Bank
Jan 12, 2018
—
Bugg LLC
Stephen A Thorne
Deed
—
Mar 2, 2017
—
Stephen A Thorne
—
Grant Deed
related
$30,000,000 · M&t Bk
Aug 26, 2011
—
Stephen A Thorne
—
Deed Of Trust
related
$3,420,000 · M & T Bank
Dec 6, 2004
—
Stephen A Thorne
—
Deed Of Trust
related
$1,870,000 · Wilmington Trust Co
Mar 22, 2002
—
Stephen A Thorne
—
Deed Of Trust
related
$1,600,000 · Wilmington Trust Co Pa
Mar 26, 2001
—
Stephen A Thorne
Thorne,stephen A & Jodi
Quit Claim Deed
related
$5,600,000 · Pnc Bank
May 6, 1997
—
Stephen A Thorne
—
Deed Of Trust
related
$1,200,000 · Pnc Bank
Mar 5, 1997
$773,730
Stephen A Thorne
Flowers Mill Associates
Grant Deed
—
—
—
Stephen A Thorne
—
Deed Of Trust
related
$400,000 · Wilmington Trust Co Pa
—
—
Stephen A Thorne
—
Deed Of Trust
related
$300,000 · Wilmington Trust Co
—
—
Stephen A Thorne
—
Deed Of Trust
related
$475,000 · Wilmington Trust Co Pa
—
—
Stephen Thorne
—
Deed Of Trust
related
$1,500,000 · Wilmington Trust Co
—
—
Stephen A Thorne
—
Deed Of Trust
related
$1,400,000 · Jodie L
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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