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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Office buildings
677 State St Newtown, PA 18940-1564
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2200395
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Total area
8,100 SF
Lot
1.97 ac (85,900 SF)
Zoning code
TC2
APN
29-010-034-001
UPID
US73-2200395
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
$1.89M
CAP Approach
CAP
$2.09M
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$1.90M
Owner & transaction history
Sheeriden Realty LLC · 4 yrs held
Sheeriden Realty LLC
since 2021
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
TC2 · Newtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+29.3%
Apartment house (5+ units)
$2.2M
+8.9%
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 Newtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newtown 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
$1,920,000
ML approach
$1,885,000
CAP Approach
CAP Return
Estimation
6%
$2,265,000
6.5%
$2,090,000
7%
$1,940,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,030,000
Current use
RESTAURANT
$2,625,000
Change: +29% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,215,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$2,000,000
Change: -2% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,940,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,880,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±10% · vs last sale $1.68M (Oct 28 2021)
Last sale anchor
$1.68M
Oct 28 2021
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
$234 / 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
$27,938
Tax year 2024
Assessed value
$157,200
Assessed 2024
Previous assessed
$157,200
+0.0% YoY
Effective rate
17.77%
On assessed value
Assessed land
$21,440
Assessed improvement
$135,760
Land market value
$293,697
Improvement market value
$1,859,718
Total market value
$2,153,415
Applied tax rate
29.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1966
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
8,100 SF
Lot
1.97 ac (85,900 SF)
Zoning code
TC2
APN
29-010-034-001
UPID
US73-2200395
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
TC2 · Newtown, PA
Zoning TC2 · permitted uses
TC2 · Newtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newtown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
RESTAURANT
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.9M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1966
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.97 ac
Current owner
From public records · entity-resolved
Sheeriden Realty LLC
Entity
Mailing address
677 S STATE ST, NEWTOWN, PA 18940-1564
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
—
Sheeriden Realty LLC
—
Deed
related
$681,000 · Trenton Business Assitance Corp
Oct 28, 2021
$1,675,000
Sheeriden Realty LLC
Carolyn S Allen Revocabel Inter Viv
Deed
$837,500 · United States Of America
Apr 20, 2006
—
Allen Carolyn S Trust
Allen,paul D & Carolyn S
Quit Claim Deed
related
—
—
—
Paul D Allen
—
Deed Of Trust
related
$930,000 · First Federal S & L Bucks
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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