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Property profile & analytics
FOR LEASE
Office buildings
880 Town Center Dr Langhorne, PA 19047
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1783247
For Lease
1 / 2
$11,935,000
880 Town Center Dr, Langhorne, PA 19047
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
43,099 SF
Lot
5.14 ac (223,986 SF)
Zoning code
GB
APN
22-057-054
UPID
US73-1783247
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
-
Neshaminy Kids Club Daycare Center Foster Care Service
-
Langhorne Dialysis Center Physician Medical Clinic
-
American Renal Associates - Langhorne Dialysis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.29M
CAP Approach
CAP
$11.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.94M
Owner & transaction history
Nr Mob Bucks Town II LLC · 4 yrs held
Nr Mob Bucks Town II LLC
since 2021
Last sale
$15.5M
4 recorded transactions
Zoning & alternative use
GB · Langhorne, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.0M
+69.3%
Auto repair, garage
$13.5M
+63.0%
Apartment house (5+ units)
$11.8M
+42.6%
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 Langhorne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Langhorne 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
$11,285,000
CAP Approach
CAP Return
Estimation
6%
$12,045,000
6.5%
$11,120,000
7%
$10,325,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,260,000
Current use
RESTAURANT
$13,980,000
Change: +69% · Conversion: Moderate
AUTO REPAIR, GARAGE
$13,460,000
Change: +63% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,775,000
Change: +43% · Conversion: Easy
MEDICAL BUILDING
$10,635,000
Change: +29% · Conversion: Easy
RETAIL STORES
$8,910,000
Change: +8% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,805,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$11.94M
Range $10.74M – $13.13M · ±10% · vs last sale $15.50M (Oct 28 2021)
Last sale anchor
$15.50M
Oct 28 2021
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
$277 / 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
$125,074
Tax year 2024
Assessed value
$574,510
Assessed 2024
Previous assessed
$574,510
+0.0% YoY
Effective rate
21.77%
On assessed value
Assessed land
$145,600
Assessed improvement
$428,910
Land market value
$1,994,512
Improvement market value
$5,875,454
Total market value
$7,869,966
Applied tax rate
22.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1991
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
43,099 SF
Lot
5.14 ac (223,986 SF)
Zoning code
GB
APN
22-057-054
UPID
US73-1783247
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
GB · Langhorne, PA
Zoning GB · permitted uses
GB · Langhorne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Langhorne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.3M
RESTAURANT
Est. value
$14.0M
AUTO REPAIR, GARAGE
Est. value
$13.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.8M
MEDICAL BUILDING
Est. value
$10.6M
RETAIL STORES
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.8M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1991
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
5.14 ac
Current owner
From public records · entity-resolved
Nr Mob Bucks Town II LLC
Entity
Mailing address
8500 ANDREW CARNEGIE BLVD, CHARLOTTE, NC 28262-8500
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Oct 28, 2021
$15,500,000
Nr Mob Bucks Town II LLC
Bucks Town LLC
Special Warranty Deed
—
Oct 24, 2011
$9,800,000
Bucks Town LLC
Continental Town Center Assocs
Grant Deed
$6,850,000 · Customers Bank
Jul 18, 2006
$7,200,000
Continental Town Center Associates
Oxmount Prosperties LP
Special Warranty Deed
$6,800,000 · Manufacturers & Traders Trust Co
—
—
Oxmount Properties LP
—
Deed Of Trust
related
$4,500,000 · Bank Of New York
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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