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Property profile & analytics
OFF-MARKET
Estimated value
$2,660,000
Warehouses
740 Edison Furlong Rd Furlong, PA 18925-1047
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-2610389
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1962
Total area
31,476 SF
Lot
5.38 ac (234,353 SF)
Zoning code
L1
APN
09-022-122-001
UPID
US73-2610389
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
-
Cornerstone Health & Fitness Gym & Fitness Center
-
Cornerstone Physical Therapy Associates Physician
-
Nicholas Mcgarry Physician
-
Lisa Jackson Apartment Building
-
Andrea Price, PT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.62M
Blend (final)
Blend
$2.66M
Owner & transaction history
Cornerstone Health & Fitness R · 9 yrs held
Cornerstone Health & Fitness R
since 2016
7 recorded transactions
Zoning & alternative use
L1 · Furlong, 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 Furlong submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Furlong 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
WAREHOUSE, STORAGE
$3,660,000
Current use
Blend value · Realmo final
$2.66M
Range $2.39M – $2.93M · ±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
$85 / 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
$39,456
Tax year 2024
Assessed value
$222,960
Assessed 2024
Previous assessed
$222,960
+0.0% YoY
Effective rate
17.70%
On assessed value
Assessed land
$24,200
Assessed improvement
$198,760
Land market value
$331,505
Improvement market value
$2,722,728
Total market value
$3,054,233
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1962
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
31,476 SF
Lot
5.38 ac (234,353 SF)
Zoning code
L1
APN
09-022-122-001
UPID
US73-2610389
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
L1 · Furlong, PA
Zoning L1 · permitted uses
L1 · Furlong, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Furlong. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.7M
WAREHOUSE, STORAGE Current
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
1962
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
5.38 ac
Current owner
From public records · entity-resolved
Cornerstone Health & Fitness R
Individual
Mailing address
PO BOX 1308, DOYLESTOWN, PA 18901-0117
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2016
—
Cornerstone Health & Fitness R
—
Deed
related
$1,100,000 · Covenant Bk
Jun 18, 2008
—
Health Cornerstone
—
Trustees Deed
related
$330,000 · Sovereign Bank
Jul 30, 2007
—
Health Cornerstone
—
Trustees Deed
related
$300,000 · Sovereign Bank
—
—
Heatlh Cornerstone
—
Deed Of Trust
related
$400,000 · First Union National Bank
—
—
Health Cornerstone
—
Deed Of Trust
related
$135,000 · Sovereign Bank
—
—
Health Cornerstone
—
Deed Of Trust
related
$250,000 · Sovereign Bank
—
—
Cornerstone Health & Fitness R
—
Deed Of Trust
related
$1,100,000 · Covenant Bk
—
—
Health Cornerstone
—
Deed Of Trust
related
$390,000 · Sovereign Bank
—
—
Health Cornerstone
—
Deed Of Trust
related
$450,000 · New Jersey National Bank
—
—
Health Cornerstone
—
Deed Of Trust
related
$100,000 · New Jersey National Bank
—
—
Health Cornerstone
—
Deed Of Trust
related
$1,400,000 · Sovereign Bank
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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