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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Grocery and convenience stores
639 Lincoln Hwy Langhorne, PA 19047-4012
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2146874
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2022
Total area
5,371 SF
Lot
2.64 ac (115,042 SF)
Zoning code
C
APN
22-041-079
UPID
US73-2146874
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
-
Wawa Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$756k
Blend (final)
Blend
$780k
Owner & transaction history
Commonwealth Of Pa Dept Of Trans · 3 yrs held
Commonwealth Of Pa Dept Of Trans
since 2023
7 recorded transactions
Zoning & alternative use
C · Langhorne, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+14.2%
Office building
$1.0M
+5.8%
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 Langhorne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Langhorne 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
NEIGHBORHOOD: SHOPPING CENTER
$970,000
Current use
RETAIL STORES
$1,110,000
Change: +14% · Conversion: Easy
OFFICE BUILDING
$1,030,000
Change: +6% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$820,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$145 / 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
$64,201
Tax year 2024
Assessed value
$294,900
Assessed 2024
Previous assessed
$294,900
+0.0% YoY
Effective rate
21.77%
On assessed value
Assessed land
$79,230
Assessed improvement
$215,670
Land market value
$1,085,338
Improvement market value
$2,954,371
Total market value
$4,039,709
Applied tax rate
22.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2022
Heating
CENTRAL
Cooling
YES
Stories
1
Rooms
6
Bathrooms
1
Total area
5,371 SF
Lot
2.64 ac (115,042 SF)
Zoning code
C
APN
22-041-079
UPID
US73-2146874
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C · Langhorne, PA
Zoning C · permitted uses
C · Langhorne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Langhorne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$970,000
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$820,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2022
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
2.64 ac
Current owner
From public records · entity-resolved
Commonwealth Of Pa Dept Of Trans
Entity
Mailing address
7000 GEERDES BLVD, KING OF PRUSSIA, PA 19406-1525
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2023
—
Commonwealth Of Pa Dept Of Trans
Provco Pinegood Middletown LLC
Deed
—
Sep 12, 2022
$9,030,318
Realty Income Trust
Provco Pinegood Middletown LLC
Special Warranty Deed
—
Sep 6, 2022
$9,259,193
Wawa INC
Provco Pinegood Middletown LLC
Lease
—
Jan 12, 2021
—
Provco Pinegood Middletown LLC
—
Deed
related
$5,400,000 · Univest Bank & Trust Co
Nov 16, 2020
—
Provco Pinegood Middletown LLC
Provco Pinegood Middletown LLC
Quit Claim Deed
—
Sep 17, 2020
—
Middletown Township
Provco Pinegood Middletown LLC
Quit Claim Deed
related
—
Nov 20, 2019
$2,200,000
Provco Pinegood Middletown LLC
Paul C Burns
Grant Deed
—
Jul 6, 2017
—
Paul C Burns
—
Trustees Deed
related
$250,000 · First Nat'l Bk&tr/newtown
Apr 10, 2017
—
Buckingham Retail Props LLC
Burns,paul C & Donna J
Grant Deed
related
—
Feb 18, 2015
—
Paul C Burns
—
Trustees Deed
related
$250,000 · First Nat'l Bk&tr/newtown
Apr 5, 2000
—
Paul C Burns
Burns,paul C
Quit Claim Deed
related
$150,000 · First Nat'l Bank & Trust Newto
—
—
Paul C Burns
—
Deed Of Trust
related
$350,000 · First National Bank & Trust Co
—
—
Paul C Burns
—
Deed Of Trust
related
$350,000 · First National Bank & Trust 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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