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Property profile & analytics
OFF-MARKET
Estimated value
$9,825,000
Warehouses
3600 Marshall Ln Bensalem, PA 19020-5914
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-5763279
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Total area
60,714 SF
Lot
6.13 ac (267,197 SF)
Zoning code
M2
APN
02-075-077
UPID
US73-5763279
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
-
Astra Zeneca Factory Production Facility
-
MedImmune - Bensalem Health Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.69M
CAP Approach
CAP
$9.56M
Comparable Approach
Comparable
$7.14M
Blend (final)
Blend
$9.83M
Owner & transaction history
Philadelphia Nlm Ll LLC · 4 yrs held
Philadelphia Nlm Ll LLC
since 2022
Last sale
$11.3M
7 recorded transactions
Zoning & alternative use
M2 · Bensalem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.0M
+131.3%
Medical building
$15.0M
+131.0%
Commercial (general)
$14.5M
+124.0%
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
$10,960,000
ML approach
$8,690,000
CAP Approach
CAP Return
Estimation
6%
$10,350,000
6.5%
$9,555,000
7%
$8,870,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,485,000
Current use
OFFICE BUILDING
$15,000,000
Change: +131% · Conversion: Difficult
MEDICAL BUILDING
$14,985,000
Change: +131% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,525,000
Change: +124% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,110,000
Change: +118% · Conversion: Easy
RETAIL STORES
$11,040,000
Change: +70% · Conversion: Moderate
Blend value · Realmo final
$9.83M
Range $8.84M – $10.81M · ±10% · vs last sale $11.30M (Jan 6 2022)
Last sale anchor
$11.30M
Jan 6 2022
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
$162 / 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
$81,897
Tax year 2024
Assessed value
$375,160
Assessed 2024
Previous assessed
$375,160
+0.0% YoY
Effective rate
21.83%
On assessed value
Assessed land
$92,000
Assessed improvement
$283,160
Land market value
$1,260,269
Improvement market value
$3,878,887
Total market value
$5,139,156
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
1970
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
60,714 SF
Lot
6.13 ac (267,197 SF)
Zoning code
M2
APN
02-075-077
UPID
US73-5763279
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
$6.5M
OFFICE BUILDING
Est. value
$15.0M
MEDICAL BUILDING
Est. value
$15.0M
COMMERCIAL (GENERAL)
Est. value
$14.5M
AUTO REPAIR, GARAGE
Est. value
$14.1M
RETAIL STORES
Est. value
$11.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1970
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
6.13 ac
Current owner
From public records · entity-resolved
Philadelphia Nlm Ll LLC
Entity
Mailing address
280 PARK AVE36TH, NEW YORK, NY 10017-1274
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2022
$11,300,000
Philadelphia Nlm Ll LLC
Tcd 216 Pa Property LLC
Deed
$293,382,143 · Mcmif Trs I LLC
Oct 14, 2020
$7,100,000
Tcd 216 Pa Property LLC
Trea Infill Indl Philadelphia
Grant Deed
—
Feb 22, 2019
$5,762,365
Trea Infill Indl Philadelphia
Colfin Cobalt I-ii Owner LLC
Grant Deed
—
Dec 31, 2014
$5,900,000
Colfin Cobalt I-ii Owner LLC
Cobalt Industrial Reit
Grant Deed
$1,132,750,000 · General Elec Cap
Oct 20, 2008
—
Cobalt Industrial Reit
—
Deed Of Trust
related
$55,000,000 · Ing USA Annunity & Life Ins Co
Jan 10, 2007
$15,100,000
Cobalt Industrial Reit
Realty Associates Fund IV
Grant Deed
—
Feb 26, 1999
$2,992,850
Realty Associates Fund IV LP
R&b Partners LP
Grant Deed
related
—
Aug 18, 1998
$2,465,540
R LP
3600 Meadowland Ptshp
Grant Deed
$1,984,000 · First Union National Bank
—
—
Cobalt Industrial Reit
—
Deed Of Trust
related
$66,000,000 · Wells Fargo 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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