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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Retail space
522 Pennsylvania Ave Morrisville, PA 19067-6625
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US73-2289979
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1949
Total area
3,925 SF
Lot
0.43 ac (18,900 SF)
Zoning code
R-2A
APN
24-008-212
UPID
US73-2289979
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
$813k
Blend (final)
Blend
$585k
Owner & transaction history
Michael S Voda · 26 yrs held
Michael S Voda
since 2000
1 recorded transaction
Zoning & alternative use
R-2A · Morrisville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-2A Residential District. The purpose and intent of this district is to retain the character of existing medium residential density areas where a variety of housing types exist, where the conversion of many single-family detached homes into apartments or nonresidential land uses has taken place, and where little developable land exists. To promote standards…
Zone name
Residential District
General category
RESIDENTIAL
Zone area
142.46 ac
Top alternative use upside
Medical building
$970,000
+24.6%
Commercial (general)
$940,000
+20.8%
Auto repair, garage
$910,000
+17.3%
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 Morrisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrisville 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
Alternative Use
Use
Estimation
RETAIL STORES
$775,000
Current use
MEDICAL BUILDING
$970,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$940,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$910,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$825,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$149 / 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
$13,368
Tax year 2024
Assessed value
$41,520
Assessed 2024
Previous assessed
$41,520
+0.0% YoY
Effective rate
32.20%
On assessed value
Assessed land
$13,120
Assessed improvement
$28,400
Land market value
$179,725
Improvement market value
$389,039
Total market value
$568,764
Applied tax rate
24.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1949
Heating
CENTRAL
Cooling
NONE
Buildings
2
Stories
1
Total area
3,925 SF
Lot
0.43 ac (18,900 SF)
Zoning code
R-2A
APN
24-008-212
UPID
US73-2289979
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R-2A · Morrisville, PAZoning R-2A · permitted uses
R-2A · Morrisville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-2A Residential District. The purpose and intent of this district is to retain the character of existing medium residential density areas where a variety of housing types exist, where the conversion of many single-family detached homes into apartments or nonresidential land uses has taken place, and where little developable land exists. To promote standards which will permit the continuation of existing, new and other compatible land uses and to create conditions conducive to carrying out the broad purposes of this chapter. E.
Zone name
Residential District
General category
RESIDENTIAL
Zone area
142.46 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$775,000
MEDICAL BUILDING
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$910,000
OFFICE BUILDING
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$710,000
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1949
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Michael S Voda
Individual
Mailing address
3238 LOWR MTN RD, FURLONG, PA 18925-1209
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2000
$225,000
Michael S Voda
Cunningham,margaret
Grant Deed
$168,750 · William Penn Savings & Loan
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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