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Property profile & analytics
OFF-MARKET
Estimated value
$6,815,000
Garden apartment buildings
831 Cedar Ave Bensalem, PA 19020-7055
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0464562
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Total area
72,927 SF
Lot
2.07 ac (90,169 SF)
Zoning code
CD
APN
02-023-157
UPID
US73-0464562
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
-
Cedar Court Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.82M
Owner & transaction history
Cedar Court Apartments LLC · 4 yrs held
Cedar Court Apartments LLC
since 2022
6 recorded transactions
Zoning & alternative use
CD · Bensalem, 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 Bensalem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bensalem 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$93 / 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
$89,922
Tax year 2024
Assessed value
$411,920
Assessed 2024
Previous assessed
$411,920
+0.0% YoY
Effective rate
21.83%
On assessed value
Assessed land
$51,760
Assessed improvement
$360,160
Land market value
$709,038
Improvement market value
$4,933,677
Total market value
$5,642,715
Applied tax rate
2.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1973
Heating
CENTRAL
Cooling
YES
Stories
3
Units
77
Total area
72,927 SF
Lot
2.07 ac (90,169 SF)
Zoning code
CD
APN
02-023-157
UPID
US73-0464562
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CD · Bensalem, PA
Zoning CD · permitted uses
CD · Bensalem, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bensalem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
77
Lot
2.07 ac
Current owner
From public records · entity-resolved
Cedar Court Apartments LLC
Entity
Mailing address
311 BLVD OF AMERICAS #206, LAKEWOOD, NJ 08701-4788
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
—
Cedar Court Apartments LLC
831 Cedar Ave LP
Deed
$10,395,000 · New York Community Bank
Feb 26, 2020
$4,382,829
831 Cedar Ave LP
Cedar Court Group LP
Grant Deed
—
Jun 15, 2011
$4,550,000
Cedar Court Group L P
Cedar Park Realty Investments LLC
Special Warranty Deed
$3,412,500 · Investors Savings Bank
Oct 27, 1999
$2,368,000
Cedar Park Realty Investmetns
Cedar Park Associates
Grant Deed
related
$2,090,000 · Bank Of America
—
—
Cedar Park Realty Invs LLC
—
Deed Of Trust
related
$3,000,000 · Independence Community Bank
—
—
Cedar Park Realty Invs LLC
—
Deed Of Trust
related
$1,000,000 · 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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