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Property profile & analytics
OFF-MARKET
Estimated value
$26,355,000
Warehouses
400 Winks Ln Bensalem, PA 19020-5919
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1059182
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Total area
435,527 SF
Lot
16.2 ac (705,672 SF)
Zoning code
M2
APN
02-079-007-004
UPID
US73-1059182
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.43M
Blend (final)
Blend
$26.36M
Owner & transaction history
Exeter 450 Winks LP · 4 yrs held
Exeter 450 Winks LP
since 2021
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$26.36M
Range $23.72M – $28.99M · ±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
$61 / 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
$309,056
Tax year 2024
Assessed value
$1,415,740
Assessed 2024
Previous assessed
$1,415,740
+0.0% YoY
Effective rate
21.83%
On assessed value
Assessed land
$282,280
Assessed improvement
$1,133,460
Land market value
$3,866,833
Improvement market value
$15,526,781
Total market value
$19,393,614
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
1975
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
435,527 SF
Lot
16.2 ac (705,672 SF)
Zoning code
M2
APN
02-079-007-004
UPID
US73-1059182
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
1975
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
16.2 ac
Current owner
From public records · entity-resolved
Exeter 450 Winks LP
Entity
Mailing address
RADNOR, PA 19087
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
Aug 31, 2021
—
Exeter 450 Winks LP
450 Winks LLC
Special Warranty Deed
—
Jan 7, 2019
$23,712,747
450 Winks LLC
Lvy Winks Property LLC
Special Warranty Deed
$12,000,000 · Capital One Bank NA
May 22, 2017
$13,000,000
Ivy Winks Property LLC
450 Ica Partners LP
Grant Deed
$11,300,000 · Miscellaneous Ins Co
Mar 2, 2006
$21,500,000
450 Ica Partners
450 Winks Lane Associates
Grant Deed
$17,600,000 · Cibc
Jan 6, 2004
$10,475,000
450 Winks Lane Associates LP
Bucks County Economic Developm
Grant Deed
$6,750,000 · Bancorp Bank
Nov 15, 2000
—
Brenner Tool & Die INC
—
Deed Of Trust
related
$7,186,056 · Commerce Bank
Jul 27, 2000
—
Bucks County Economic Dev Corp
—
Deed Of Trust
related
$1,813,944 · Commerce Bank NA
Apr 9, 1999
—
Brenner Tool & Die INC
Winks Lane INC
Deed Of Trust
related
$7,000,000 · First Union National Bank
—
—
450 Ica Partners LP
—
Loan Modification
related
$15,773,542 · * Other Institutional Lenders
—
—
450 Winks Lane Associates
—
Deed Of Trust
related
$1,500,000 · Bancorp Bank
—
—
Bucks County Economic Dev
—
Deed Of Trust
related
$1,750,000 · Industrial Dev Authority Pa
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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