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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Medical Office Space
505 Washington Ave Newtown, PA 18940-2144
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-2715005
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1976
Total area
3,060 SF
Lot
0.47 ac (20,680 SF)
Zoning code
VR1
APN
28-005-259
UPID
US73-2715005
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
$330k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$416k
Blend (final)
Blend
$545k
Owner & transaction history
T&a Heather Ridge Dr · 8 yrs held
T&a Heather Ridge Dr
since 2018
7 recorded transactions
Zoning & alternative use
VR1 · Newtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$770,000
+1.7%
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 Newtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newtown 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
$330,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$755,000
Current use
OFFICE BUILDING
$770,000
Change: +2% · Conversion: Easy
COMMERCIAL (GENERAL)
$730,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$710,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$605,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$178 / 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
$11,447
Tax year 2024
Assessed value
$62,600
Assessed 2024
Previous assessed
$62,600
+0.0% YoY
Effective rate
18.29%
On assessed value
Assessed land
$21,180
Assessed improvement
$41,420
Land market value
$290,136
Improvement market value
$567,395
Total market value
$857,531
Applied tax rate
28.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1976
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
3,060 SF
Lot
0.47 ac (20,680 SF)
Zoning code
VR1
APN
28-005-259
UPID
US73-2715005
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
VR1 · Newtown, PAZoning VR1 · permitted uses
VR1 · Newtown, 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
MEDICAL BUILDING Current
Est. value
$755,000
OFFICE BUILDING
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$710,000
RETAIL STORES
Est. value
$605,000
MEDICAL BUILDING Current
OFFICE 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
1976
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
T&a Heather Ridge Dr
Individual
Mailing address
505 WASHINGTON AVE, NEWTOWN, PA 18940-2144
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2018
$650,000
T&a Heather Ridge Dr
John M Ortendahl
Deed
$620,000 · The First Natl Bank & Trust Co Newt
Jan 9, 2008
$680,000
Ortendahl Ptshp
Lipson,m Barry & Arleen C
Grant Deed
$544,000 · Sovereign Bank
Jan 24, 2005
$590,000
Edward Barsum LLC
Lipson,m B & Arleen C
Grant Deed
$325,000 · Third Fsb
—
—
Lipson M B
—
Deed Of Trust
related
$650,000 · Eastern Savings Bank
—
—
Lipson M B
—
Deed Of Trust
related
$95,000 · Corestates Bank
—
—
Lipson M B
—
Deed Of Trust
related
$550,000 · Commerce Bank Pennsylvania NA
—
—
Lipson M B
—
Deed Of Trust
related
$75,000 · Commerce Bank Pennsylvania 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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