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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Office buildings
696 2nd St Pike Richboro, PA 18954-1068
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US73-1916235
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
4,668 SF
Lot
0.55 ac (24,102 SF)
Zoning code
R2
APN
31-008-001-004
UPID
US73-1916235
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
-
Wagner-Huffnagle & Associates Insurance Agency
-
Impact Executive Consulting Business Management Consultant
-
Hampton Preferred Real Estate Inc Real Estate Agency
-
Magnolia Senior Benefits Insurance Agency
-
Vedral Insurance Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$896k
Blend (final)
Blend
$1.08M
Owner & transaction history
David Teitelman · 20 yrs held
David Teitelman
since 2005
6 recorded transactions
Zoning & alternative use
R2 · Richboro, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+51.0%
Commercial (general)
$1.1M
+46.4%
Auto repair, garage
$1.1M
+42.2%
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 Richboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richboro 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%
$1,305,000
6.5%
$1,205,000
7%
$1,120,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$765,000
Current use
MEDICAL BUILDING
$1,150,000
Change: +51% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,115,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,085,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$925,000
Change: +21% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$845,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±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
$230 / 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
$19,415
Tax year 2024
Assessed value
$100,800
Assessed 2024
Previous assessed
$100,800
+0.0% YoY
Effective rate
19.26%
On assessed value
Assessed land
$13,920
Assessed improvement
$86,880
Land market value
$190,684
Improvement market value
$1,190,132
Total market value
$1,380,816
Applied tax rate
31.0000
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
1986
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
4,668 SF
Lot
0.55 ac (24,102 SF)
Zoning code
R2
APN
31-008-001-004
UPID
US73-1916235
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Richboro, PA
Zoning R2 · permitted uses
R2 · Richboro, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$765,000
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$925,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$845,000
OFFICE BUILDING Current
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
1986
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
David Teitelman
Individual
Mailing address
696 2ND ST PIKE, RICHBORO, PA 18954-1068
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2005
$650,000
David Teitelman
696 Partners
Grant Deed
$475,481 · Scott Becker
Apr 30, 1997
$350,000
696 Partnrs LP
Telford Industrial Dev Authori
Grant Deed
$500,000 · Commerce Bank
—
—
David Teitelman
—
Deed Of Trust
related
$500,000 · First Priority Bank
—
—
696 Partners LP
—
Deed Of Trust
related
$300,000 · Sovereign Bank
—
—
696 Partners
—
Deed Of Trust
related
$1,743,000 · Premier Bank
—
—
David Teitelman
—
Deed Of Trust
related
$225,000 · Scott Becker
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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