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Property profile & analytics
OFF-MARKET
Estimated value
$2,645,000
Office buildings
6190 Kellers Church Rd Pipersville, PA 18947
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US73-0953016
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
14,880 SF
Lot
4.05 ac (176,418 SF)
Zoning code
I
APN
34-004-002-003
UPID
US73-0953016
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
$1.78M
Blend (final)
Blend
$2.65M
Owner & transaction history
Hanover Commons Assoc LP · 25 yrs held
Hanover Commons Assoc LP
since 2000
7 recorded transactions
Zoning & alternative use
I · Pipersville, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.1M
+31.9%
Medical building
$3.7M
+19.2%
Commercial (general)
$3.6M
+15.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,080,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,065,000
Change: +32% · Conversion: Easy
MEDICAL BUILDING
$3,670,000
Change: +19% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,560,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,460,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$2,945,000
Change: -4% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,695,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.65M
Range $2.38M – $2.91M · ±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
$64,044
Tax year 2024
Assessed value
$368,600
Assessed 2024
Previous assessed
$368,600
+0.0% YoY
Effective rate
17.37%
On assessed value
Assessed land
$42,520
Assessed improvement
$326,080
Land market value
$582,463
Improvement market value
$4,466,830
Total market value
$5,049,293
Applied tax rate
34.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
14,880 SF
Lot
4.05 ac (176,418 SF)
Zoning code
I
APN
34-004-002-003
UPID
US73-0953016
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I · Pipersville, PA
Zoning I · permitted uses
I · Pipersville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pipersville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.5M
RETAIL STORES
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2003
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
4.05 ac
Current owner
From public records · entity-resolved
Hanover Commons Assoc LP
Entity
Mailing address
PO BOX 152, PIPERSVILLE, PA 18947-0152
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
—
Hanover Commons Associates LP
—
Deed
related
$125,000 · Philip E Chant
May 18, 2022
—
Hanover Commons Associates LP
—
Deed
related
$3,781,346 · Penn Community Bank
Oct 11, 2005
—
Hanover Commons Asso
—
Trustees Deed
related
$500,000 · First Nat'l Bk & Tr Newtown
Oct 23, 2000
$250,000
Hanover Commons Assoc LP
Gpnj Associates LP
Grant Deed
$2,400,000 · First Nat'l Bank & Trust Newto
—
—
Hanover Commons Associates
—
Deed Of Trust
related
$450,000 · First Nat'l Bk & Tr Newtown
—
—
Hanover Commons Associates
—
Deed Of Trust
related
$500,000 · First Nat'l Bk & Tr Newtown
—
—
Hanover Commons Associates LP
—
Deed Of Trust
related
$1,700,000 · First National Bank & Trust
—
—
Hanover Commons Associates LP
—
Deed Of Trust
related
$1,200,000 · First Nat'l Bk & Tr Newton
—
—
Hanover Commons Associates
—
Deed Of Trust
related
$4,793,000 · First Nat'l Bk & Tr Newtown
—
—
Hanover Commons Associates
—
Deed Of Trust
related
$50,000 · Fox Rothschild LLP
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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