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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Office Spaces
600 Louis Dr W202 Warminster, PA 18974-2844
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1452630
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1985
Total area
8,195 SF
Zoning code
I
APN
49-009-083W202
UPID
US73-1452630
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
-
Excelsia Injury Care Warminster Medical Clinic
-
Meesha Aesthetics - Warminster Spa & Massage Center Alternative Medicine Practice
-
Brian Bayzick DC - Tri County PMC Alternative Medicine Practice
-
Hair Creation Studio Inc Hair Salon Nail Salon
-
Green Street Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$810k
Blend (final)
Blend
$660k
Owner & transaction history
Jmcrx LLC · 10 yrs held
Jmcrx LLC
since 2016
7 recorded transactions
Zoning & alternative use
I · Warminster, 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 Warminster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Warminster 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
$660k
Range $594k – $726k · ±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
$81 / 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
$9,859
Tax year 2024
Assessed value
$46,710
Assessed 2024
Previous assessed
$46,710
+0.0% YoY
Effective rate
21.11%
On assessed value
Assessed improvement
$46,710
Improvement market value
$639,860
Total market value
$639,860
Applied tax rate
49.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1985
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
8,195 SF
Zoning code
I
APN
49-009-083W202
UPID
US73-1452630
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I · Warminster, PA
Zoning I · permitted uses
I · Warminster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Warminster. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
CENTRAL
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Jmcrx LLC
Entity
Mailing address
203 SOMERSET CIR, CHALFONT, PA 18914-3495
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Apr 12, 2016
$438,000
Jmcrx LLC
Louis Drive 202 LLC
Grant Deed
$350,400 · Td Bk NA
Aug 10, 2015
$265,000
Louis Drive 202 LLC
Conestoga Bnak
Deed
$198,750 · Td Bank NA
Sep 18, 2013
$1,144
Conestoga Bk
Deputy Sheriff Of Bucks County
Trustees Deed
related
—
Jul 5, 2006
$600,000
Miller Boys Properties LLC
Atrium Ventures Associates
Deed
$490,970 · First Pennsylvania Bank
—
—
H Jack Miller
—
Deed Of Trust
related
$160,062 · Miller Boys Properties
—
—
Lichtman Bella Trust
—
Deed Of Trust
related
$300,000 · Miller Boys Properties
—
—
M Ari Miller
—
Deed Of Trust
related
$191,861 · Miller Boys Properties
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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