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Property profile & analytics
OFF-MARKET
Estimated value
$3,250,000
Warehouses
650 Louis Dr Warminster, PA 18974-2845
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-1523179
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Total area
44,473 SF
Lot
4.96 ac (215,883 SF)
Zoning code
I
APN
49-009-083-005
UPID
US73-1523179
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
-
Digital Systems Group Inc (Bike/Boat/Book/etc) Store Corporate Office
-
BAYADA Hospice Employment Agency Hospice
-
Orbit/FR Inc Corporate Office
-
Gnostech IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Ackerman Security Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.75M
Blend (final)
Blend
$3.25M
Owner & transaction history
650 Louis Drive Holdings LLC · 7 yrs held
650 Louis Drive Holdings LLC
since 2018
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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,155,000
Current use
Blend value · Realmo final
$3.25M
Range $2.93M – $3.58M · ±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
$73 / 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
$49,442
Tax year 2024
Assessed value
$234,250
Assessed 2024
Previous assessed
$234,250
+0.0% YoY
Effective rate
21.11%
On assessed value
Assessed land
$74,400
Assessed improvement
$159,850
Land market value
$1,019,174
Improvement market value
$2,189,717
Total market value
$3,208,891
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Heating
CENTRAL
Cooling
NONE
Stories
1
Total area
44,473 SF
Lot
4.96 ac (215,883 SF)
Zoning code
I
APN
49-009-083-005
UPID
US73-1523179
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I · Warminster, PAZoning I · permitted uses
I · Warminster, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.2M
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
1989
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
4.96 ac
Current owner
From public records · entity-resolved
650 Louis Drive Holdings LLC
Entity
Mailing address
380 RED LION RD STE #202, HUNTINGDON VALLEY, PA 19006-6451
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2019
—
650 Louis Drive Holdings LLC
—
Deed
related
$495,000 · Monument Bank
Nov 15, 2018
$4,750,000
650 Louis Drive Holdings LLC
650 Louis Investment LLC
Grant Deed
—
Nov 6, 2014
$1,095,000
650 Louis Investment LLC
650 Louis LP
Grant Deed
—
Nov 6, 2014
—
1 Ivybrook Investment LLC|650 Louis Investment LLC
—
Grant Deed
related
$7,875,000 · Miscellaneous Ins Co
Apr 15, 2011
—
650 Louis LP
—
Deed Of Trust
related
$12,540,000 · Wells Fargo Bank
Apr 18, 2006
$4,450,000
650 Louis LP
Hwi Partners LP
Deed
$13,540,000 · Wells Fargo Bank NA
Mar 26, 2003
—
Hw 1 Partners LP
Teachers Insurance & Annuity
Grant Deed
$9,120,000 · Teachers Insurance & Annuity
—
—
Louis 650
—
Deed Of Trust
related
$13,540,000 · Wells Fargo Bank
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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