Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    707 Neshaminy St Penndel, PA 19047-5588
    Back to Search
    Property profile & analytics

    707 Neshaminy St, Penndel, PA 19047-5588

    View on Map
    • Office buildings
    • 930 SF
    • 1.00 lot acres
    Off-Market
    Last Sale May 11, 2022
    $225,375
    Property ID
    US73-3021312
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 707 Neshaminy St

    Year built
    1960
    Lot size
    1.00 lot acres
    Zone code
    R2
    Property type
    Office buildings
    APN
    22-035-002
    APU
    22035002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 11, 2022 $225,375 Mindy Spaduccino LLC Paul M Cartlidge Deed $660k · The First Natl Bank & Trust Broken Arrow
    Mar 15, 2022 — Paul M Cartlidge Cable Television Services INC Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Penndel
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.9164
    Latitude
    40.1491
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,464
    $6,000
    $5,320
    $11,320
    -
    $82,191
    $72,876
    $155,067

    Comparable in this City

    • Value Estimation
      $5,040,000
      37,375 SF

      3000 Cabot W Blvd

      OFFICE BUILDING
      3000 Cabot W Blvd, Langhorne, PA 19047-1800
      View Details
    • Value Estimation
      $855,000
      3,240 SF

      517 Lincoln Hwy

      OFFICE BUILDING
      517 Lincoln Hwy, Langhorne, PA 19047-4011
      View Details
    • Value Estimation by Request
      1,775 SF

      415 Lincoln Hwy

      OFFICE BUILDING
      415 Lincoln Hwy, Penndel, PA 19047-5147
      View Details
    • Value Estimation
      $900,000
      4,100 SF

      118 Bellevue Ave

      OFFICE BUILDING
      118 Bellevue Ave, Langhorne, PA 19047-2862
      View Details
    • Value Estimation by Request
      17,152 SF

      1262 Wood Ln

      OFFICE BUILDING (MULTI-STORY)
      1262 Wood Ln, Langhorne, PA 19047-1769
      View Details
    • Value Estimation
      $825,000
      6,483 SF

      414 Hulmeville Ave

      OFFICE BUILDING
      414 Hulmeville Ave, Penndel, PA 19047-5517
      View Details

    Similar Nearby for Sale

    • New
      $2,999,000
      6.15 Acres

      Two-Story End-Unit Industrial Condo

      Large, flexible industrial condominium with built-in second-floor office and meeting space, plus recently updated roof and exterior improvements.
      50 Hulmeville Ave, Penndel, PA 19047
      View Details
    • $299,000
      2,800 SF

      Luxembourg Corporate Center Office Space

      Modern, well-maintained office space in Langhorne, PA for sale.
      105 E Corporate Dr, Langhorne, PA 19047
      View Details
    • Contact for pricing
      1.24 Acres

      Langhorne Office Space - 1.24 Acres

      Prime Langhorne office space, ample land.
      370 Maple Ave, Langhorne, PA 19047
      View Details
    • Contact for pricing

      Turnkey Medical Space For Sale

      Medical office space with premium build-out, convenient location.
      333 N Oxford Valley Rd, Fairless Hills, PA 19047
      View Details
    • $269,900

      Remodeled Office in Corporate Center

      Remodeled office space with included furniture and tenant.
      404 Executive Dr, Langhorne, PA 19047
      View Details
    • $449,900
      2,940 SF

      Langhorne Office Space For Sale

      Office space with potential for medical conversion in Langhorne, PA.
      304 Corporate Dr E, Langhorne, PA 19047
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,918 SF

      Langhorne Office Space Available

      12,917 SF office space with high-end finishes for rent.
      820 Town Center Dr, Langhorne, PA 19047
      View Details
    • Contact for pricing

      Langhorne Office Complex For Rent

      Two-building office complex in Bucks County Business Park.
      2080 Cabot Blvd W, Langhorne, PA 19047
      View Details
    • $1,200 /Mo

      Professional Office Space Available

      Well-maintained commercial building with updated office suite for rent.
      106 S Bellevue Ave, Langhorne, PA 19047
      View Details
    • $2,100 /Mo
      14,959 SF

      Prime Office Space Near Mall

      Well-maintained office space with private parking in a convenient location.
      276 Woodbourne Rd, Langhorne, PA 19047
      View Details
    • Contact for pricing
      1,200 SF

      Professional Office/Medical Condominium For Rent

      Professional office/medical condominium with turnkey delivery available for rent.
      333 N Oxford Valley Rd, Langhorne, PA 19047
      View Details
    • $4,200 /Mo

      Renovated Office Suite For Rent

      Newly renovated office suite with modern finishes and ample parking.
      370 E Maple Ave, Langhorne, PA 19047
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    707 Neshaminy St
    Penndel, PA 19047-5588
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    707 Neshaminy St, Penndel, PA, 19047
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!