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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Manufacturing properties
5185 Applebutter Rd Pipersville, PA 18947-9732
Individually Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1003212
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1995
Total area
14,610 SF
Lot
6.2 ac (270,072 SF)
Zoning code
I
APN
01-019-015
UPID
US73-1003212
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
-
Lampire Biological Laboratories Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.65M
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.48M
Owner & transaction history
Gregory F Krug · 28 yrs held
Gregory F Krug
since 1998
7 recorded transactions
Zoning & alternative use
I · Pipersville, 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 Pipersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pipersville 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%
$1,790,000
6.5%
$1,650,000
7%
$1,530,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,235,000
Current use
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±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
$101 / 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
$22,093
Tax year 2024
Assessed value
$129,800
Assessed 2024
Previous assessed
$129,800
+0.0% YoY
Effective rate
17.02%
On assessed value
Assessed land
$17,000
Assessed improvement
$112,800
Land market value
$232,876
Improvement market value
$1,545,199
Total market value
$1,778,075
Applied tax rate
1.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1995
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
14,610 SF
Lot
6.2 ac (270,072 SF)
Zoning code
I
APN
01-019-015
UPID
US73-1003212
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I · Pipersville, PAZoning I · permitted uses
I · Pipersville, 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
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
1995
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
6.2 ac
Current owner
From public records · entity-resolved
Gregory F Krug
Individual
Mailing address
831 HAYCOCK VW DR, PERKASIE, PA 18944-4078
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
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 17, 2020
—
Gregory F Krug
—
Deed
related
$287,000 · Univest Bk & Tr Co
Oct 11, 2016
—
Gregory F Krug
—
Deed
related
$200,000 · Univest Bank & Trust Co
May 5, 2010
—
Gregory F Krug
—
Trustees Deed
related
$500,000 · Univest Nat'l Bk&tr
Apr 3, 1998
$800,000
Gregory F Krug
Crossley,john W
Grant Deed
$565,000 · Union National Bank & Trust
—
—
Gregory F Krug
—
Loan Modification
related
$495,600 · Univest Bk & Tr Co
—
—
Gregory F Krug
—
Deed Of Trust
related
$213,000 · Univest Bank & Trust Co
—
—
Gregory F Krug
—
Deed Of Trust
related
$200,000 · Bucks County Economic Dev
—
—
Gregory F Krug
—
Deed Of Trust
related
$418,500 · Univest National Bank & Tr Co
—
—
Gregory F Krug
—
Deed Of Trust
related
$287,000 · Univest Bk & Tr Co
—
—
Gregory F Krug
—
Deed Of Trust
related
$565,000 · Univest National Bank & Tr Co
—
—
Gregory F Krug
—
Deed Of Trust
related
$184,000 · Univest National Bank & Tr 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.
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