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Property profile & analytics
OFF-MARKET
Estimated value
$11,290,000
Industrial properties
699 Bristol Pike Morrisville, PA 19067-2421
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1003217
Property profile
Verified
Property type
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Year built
1950
Total area
1,080 SF
Lot
9.69 ac (422,227 SF)
Zoning code
HI
APN
13-047-062-003
UPID
US73-1003217
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
$9.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.29M
Owner & transaction history
699 Bristol Partners LLC · 4 yrs held
699 Bristol Partners LLC
since 2022
Last sale
$12.0M
4 recorded transactions
Zoning & alternative use
HI · Morrisville, 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 Morrisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrisville 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
$11,640,000
ML approach
$9,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.29M
Range $10.16M – $12.42M · ±10% · vs last sale $12.00M (Mar 4 2022)
Last sale anchor
$12.00M
Mar 4 2022
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
$10,454 / 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
$167,239
Tax year 2024
Assessed value
$750,950
Assessed 2024
Previous assessed
$42,000
+1,688.0% YoY
Effective rate
22.27%
On assessed value
Assessed land
$38,760
Assessed improvement
$712,190
Land market value
$530,957
Improvement market value
$9,755,985
Total market value
$10,286,942
Applied tax rate
13.0000
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
Industrial properties
Use group
CONSTRUCTION/CONTRACTING SERVICES
Status
Off-Market
Year built
1950
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
1,080 SF
Lot
9.69 ac (422,227 SF)
Zoning code
HI
APN
13-047-062-003
UPID
US73-1003217
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
HI · Morrisville, PA
Zoning HI · permitted uses
HI · Morrisville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrisville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
9.69 ac
Current owner
From public records · entity-resolved
699 Bristol Partners LLC
Entity
Mailing address
414 S 16TH ST STE #100, PHILADELPHIA, PA 19146-1989
Ownership since
2022
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
Mar 4, 2022
$12,000,000
699 Bristol Partners LLC
Morrisville Real Estate Associates
Deed
—
Sep 3, 2021
$3,875,000
Morrisville Real Estate Associates
Albert Prickett
Deed
—
—
—
Albert Prickett
—
Deed Of Trust
related
$100,000 · Main Line Bank
—
—
Albert Prickett
—
Deed Of Trust
related
$165,000 · 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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