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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Warehouses
610 Nolan Ave Morrisville, PA 19067-7513
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US73-0862961
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Total area
8,940 SF
Lot
0.43 ac (18,720 SF)
Zoning code
LI
APN
24-004-155-001
UPID
US73-0862961
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
$733k
Blend (final)
Blend
$705k
Owner & transaction history
Mja Group LLC · 18 yrs held
Mja Group LLC
since 2008
7 recorded transactions
Zoning & alternative use
LI · Morrisville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
L-I Light Industrial District. The purpose and intent of this district is to permit and encourage light industrial development that will be so located as to constitute an appropriate part of the physical development of the Borough, to provide minimum standards for the development and operation of light industry, to prohibit uses which would be incompatible w…
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
33.48 ac
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
WAREHOUSE, STORAGE
$1,040,000
Current use
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$79 / 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
$15,325
Tax year 2024
Assessed value
$47,600
Assessed 2024
Previous assessed
$47,600
+0.0% YoY
Effective rate
32.20%
On assessed value
Assessed land
$10,560
Assessed improvement
$37,040
Land market value
$144,657
Improvement market value
$507,395
Total market value
$652,052
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Heating
CENTRAL
Cooling
NONE
Stories
1
Total area
8,940 SF
Lot
0.43 ac (18,720 SF)
Zoning code
LI
APN
24-004-155-001
UPID
US73-0862961
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LI · Morrisville, PAZoning LI · permitted uses
LI · Morrisville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
L-I Light Industrial District. The purpose and intent of this district is to permit and encourage light industrial development that will be so located as to constitute an appropriate part of the physical development of the Borough, to provide minimum standards for the development and operation of light industry, to prohibit uses which would be incompatible with the uses permitted in the district and to otherwise create conditions conducive to carrying out the broad purposes of this chapter. N.
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
33.48 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.0M
WAREHOUSE, STORAGE 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
1960
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Mja Group LLC
Entity
Mailing address
610 NOLAN AVE, MORRISVILLE, PA 19067-7513
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
—
Mja Group LLC
—
Deed
related
$735,000 · First Bank
Apr 25, 2019
—
Mja Group LLC
—
Deed
related
$350,000 · First Bank
Feb 21, 2019
—
Mja Group LLC
—
Deed
related
$300,000 · First Bank
Jun 5, 2017
—
Mja Group LLC
—
Deed
related
$350,000 · Apex Mortgage Corp
Jul 5, 2016
—
Mja Group LLC
—
Deed
related
$250,000 · Steeple Hans Trust (pt)
Apr 9, 2008
$460,000
Mja Group LLC
Charles R Dixon
Deed
$368,000 · Wachovia Bank NA
Apr 11, 2007
$400,000
Charles R Dixon
Donald R Stilwell
Deed
$380,000 · William Penn Bank Fsb
—
—
Mja Group LLC
—
Deed Of Trust
related
$250,000 · Steeple Hans Trust (pt)
—
—
Donald R Stilwell
—
Deed Of Trust
related
$65,000 · Apex FCU
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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