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Property profile & analytics
OFF-MARKET
Estimated value
$2,615,000
Office buildings
680 Middletown Blvd Langhorne, PA 19047-1817
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-1523173
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
19,210 SF
Lot
2.08 ac (90,431 SF)
Zoning code
GB
APN
22-057-020-012
UPID
US73-1523173
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
-
Simply Beautiful Smiles: Jiang Zukang DDS Dental Office
-
Adison Weseloh Physician
-
Buster's Lake Swimming Lake
-
Kwh Dental Associates: Stern Adam B DDS Dental Office
-
Jorge Alvarez Pinzon Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$2.62M
Owner & transaction history
Cheryl A Kelly · 5 yrs held
Cheryl A Kelly
since 2021
7 recorded transactions
Zoning & alternative use
GB · Langhorne, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.0M
+7.9%
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 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
OFFICE BUILDING
$3,680,000
Current use
RETAIL STORES
$3,970,000
Change: +8% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,480,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.62M
Range $2.35M – $2.88M · ±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
$136 / 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
$41,083
Tax year 2024
Assessed value
$188,710
Assessed 2024
Previous assessed
$188,710
+0.0% YoY
Effective rate
21.77%
On assessed value
Assessed land
$54,240
Assessed improvement
$134,470
Land market value
$743,010
Improvement market value
$1,842,047
Total market value
$2,585,057
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Heating
CENTRAL
Cooling
YES
Stories
3
Total area
19,210 SF
Lot
2.08 ac (90,431 SF)
Zoning code
GB
APN
22-057-020-012
UPID
US73-1523173
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
GB · Langhorne, PA
Zoning GB · permitted uses
GB · 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
OFFICE BUILDING Current
Est. value
$3.7M
RETAIL STORES
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
OFFICE BUILDING Current
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
1984
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
2.08 ac
Current owner
From public records · entity-resolved
Cheryl A Kelly
Individual
Mailing address
680 MIDDLETOWN BLVD, LANGHORNE, PA 19047-1817
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2021
—
Cheryl A Kelly
The Estate Of Agnes R Kelly
Deed
—
Nov 16, 2020
—
Lake Investment Company LLC
—
Deed
related
$1,000,000 · Td Bank NA
Nov 5, 2020
—
Lake Investment Co LLC
Lake Investment Co
Quit Claim Deed
related
—
Nov 5, 2020
$1,600,000
Lake Investment Co
Bucks Cnty Indl Dev Authority
Grant Deed
—
May 18, 2017
—
Lake Investment Company
—
Deed
related
$1,920,000 · Fulton Bank
—
—
Lake Investment Co
—
Deed Of Trust
related
$2,000,000 · First Service Bank
—
—
Lake Investment Co
—
Deed Of Trust
related
$2,100,000 · National Penn Bank
—
—
Lake Investment Co
—
Deed Of Trust
related
$1,860,000 · Commerce Bank Pennsylvania NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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