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Property profile & analytics
OFF-MARKET
Estimated value
$6,360,000
Warehouses
3600 Progress Dr Bensalem, PA 19020-5889
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0160672
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Total area
555,218 SF
Lot
24.94 ac (1,086,299 SF)
Zoning code
M2
APN
02-075-044
UPID
US73-0160672
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
-
Schwarz Distribution Center Logistics Company
-
Peirce-Phelps Hardware & Home Improvement HVAC Service
-
Schwarz Supply Source Logistics Company Freight Service
-
Bunzl Retail Services Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.36M
Owner & transaction history
Park 3600 Progress Drive Owner LLC · 5 yrs held
Park 3600 Progress Drive Owner LLC
since 2021
Last sale
$5.9M
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
$6,735,000
ML approach
$6,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.36M
Range $5.72M – $7.00M · ±10% · vs last sale $5.87M (May 7 2021)
Last sale anchor
$5.87M
May 7 2021
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
$11 / 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
$376,399
Tax year 2024
Assessed value
$1,724,230
Assessed 2024
Previous assessed
$1,724,230
+0.0% YoY
Effective rate
21.83%
On assessed value
Assessed land
$488,830
Assessed improvement
$1,235,400
Land market value
$6,696,272
Improvement market value
$16,923,214
Total market value
$23,619,486
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
1973
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
555,218 SF
Lot
24.94 ac (1,086,299 SF)
Zoning code
M2
APN
02-075-044
UPID
US73-0160672
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.
Building & site characteristics
From public records
Year built
1973
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
24.94 ac
Current owner
From public records · entity-resolved
Park 3600 Progress Drive Owner LLC
Entity
Mailing address
100 WILSHIRE BLVD, SANTA MONICA, CA 90401-1110
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
Oct 26, 2023
—
Park 3600 Progress Drive Owner LLC
—
Deed
related
$119,000,000 · Forethought Life Insurance Company
May 11, 2021
—
Park 3600 Progress Drive Owner LLC
—
Deed
related
—
May 7, 2021
$5,870,000
Park 3600 Progress Drive Owner LLC
Colfin 2015 4 Industrial Owner LLC
Deed
—
Dec 16, 2019
—
Colfin 2015-4 Indl Owner LLC
—
Grant Deed
related
—
Jun 24, 2015
$22,500,000
Colfin 2015-4 Indl Owner LLC
Mim-hayden I-95 Indl Ptrs LP
Grant Deed
—
Feb 26, 2013
$15,903,399
Mim-hayden I-95 Indl Ptrs LP
Realty Associates Fund Vi LP
Grant Deed
$12,028,884 · Jackson National Life Ins Co
Jul 8, 2002
$13,820
Realty Associates Fund
Fr Bensalem Property Holding
Grant Deed
related
—
Jun 25, 2002
$10,800,000
Bensalem Property Holding
Genral Motors Corp
Grant Deed
—
—
—
Mim-hayden I-95 Indl Ptrs LP
—
Deed Of Trust
related
$27,600,000 · Jackson National Life Ins Co
—
—
Colfin 2015-3 Indl Owner LLC
—
Deed Of Trust
related
$12,794,160 · Miscellaneous Ins Co
—
—
Colfin 2015-3 Indl Owner LLC
—
Deed Of Trust
related
$39,785,000 · Miscellaneous Ins Co
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.
Try Rey
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