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Property profile & analytics
OFF-MARKET
Estimated value
$4,015,000
Warehouses
8 Progress Dr Morrisville, PA 19067-3702
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-2218233
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Total area
56,000 SF
Lot
6.46 ac (281,354 SF)
Zoning code
HI
APN
13-047-166-007
UPID
US73-2218233
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.51M
Blend (final)
Blend
$4.02M
Owner & transaction history
Rock Of Cashel INC · 10 yrs held
Rock Of Cashel INC
since 2016
7 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
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
$6,515,000
Current use
Blend value · Realmo final
$4.02M
Range $3.61M – $4.42M · ±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
$72 / 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
$57,852
Tax year 2024
Assessed value
$259,770
Assessed 2024
Previous assessed
$259,770
+0.0% YoY
Effective rate
22.27%
On assessed value
Assessed land
$58,360
Assessed improvement
$201,410
Land market value
$799,449
Improvement market value
$2,759,029
Total market value
$3,558,478
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
56,000 SF
Lot
6.46 ac (281,354 SF)
Zoning code
HI
APN
13-047-166-007
UPID
US73-2218233
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.5M
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
2000
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
6.46 ac
Current owner
From public records · entity-resolved
Rock Of Cashel INC
Entity
Mailing address
8 PROGRESS DR, MORRISVILLE, PA 19067-3702
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2017
—
Rock Of Cashel INC
—
Deed
related
$1,500,000 · Pnc Bk
Apr 27, 2016
—
Rock Of Cashel INC
Bucks Cnty Economic Dev Corp
Quit Claim Deed
related
—
Jan 2, 2015
$400,457
Pnc Bank National Asociation
Bucks Cnty Economic Dev Corp
Grant Deed
related
—
Jan 29, 2010
—
Rock Of Cashel INC
—
Deed Of Trust
related
$1,650,000 · Pnc Bank
Dec 20, 2000
—
Bucks County Economic Dev Corp
Rock Of Cashel INC
Grant Deed
$620,000 · Industrial Dev Authority Pa
Oct 13, 1998
$338,590
Rock Of Cashel INC
Usx Corp
Grant Deed
—
—
—
Rock Of Cashel INC
—
Deed Of Trust
related
$620,000 · Sovereign Bank
—
—
Rock Of Cashel INC
—
Deed Of Trust
related
$775,000 · Sovereign Bank
—
—
Rock Of Cashel INC
—
Deed Of Trust
related
$400,457 · Pnc Bank
—
—
Rock Of Cashel INC|bucks Cnty Economic Dev Corp
—
Loan Modification
related
$232,270 · Pnc Bk
—
—
Rock Of Cashel INC
—
Deed Of Trust
related
$1,000,000 · Pnc Bank
—
—
Rock Of Cashel INC
—
Deed Of Trust
related
$1,500,000 · Pnc Bk
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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