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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Warehouses
89 Sand Rd New Britain, PA 18901-5122
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US73-1064330
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1974
Total area
4,800 SF
Lot
6.11 ac (266,152 SF)
Zoning code
LI
APN
25-002-027
UPID
US73-1064330
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
$755k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$565k
Owner & transaction history
Bateman Bros Lumber INC · 8 yrs held
Bateman Bros Lumber INC
since 2018
7 recorded transactions
Zoning & alternative use
LI · New Britain, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purposes and intent of the LI Light Industrial District are to permit light industrial development located along the railroad line, to ensure that development has sufficient setbacks, buffers, and limits on intensity of development to preserve the overall residential character of the Borough, to protect environmental features, including woodlands, slopes…
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
107.90 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$870,000
+55.7%
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 New Britain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Britain 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%
$820,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$560,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$870,000
Change: +56% · Conversion: Moderate
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$118 / 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
$38,822
Tax year 2024
Assessed value
$192,800
Assessed 2024
Previous assessed
$192,800
+0.0% YoY
Effective rate
20.14%
On assessed value
Assessed land
$37,320
Assessed improvement
$155,480
Land market value
$511,231
Improvement market value
$2,129,854
Total market value
$2,641,085
Applied tax rate
25.0000
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1974
Heating
CENTRAL
Cooling
NONE
Stories
1
Total area
4,800 SF
Lot
6.11 ac (266,152 SF)
Zoning code
LI
APN
25-002-027
UPID
US73-1064330
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
LI · New Britain, PAZoning LI · permitted uses
LI · New Britain, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purposes and intent of the LI Light Industrial District are to permit light industrial development located along the railroad line, to ensure that development has sufficient setbacks, buffers, and limits on intensity of development to preserve the overall residential character of the Borough, to protect environmental features, including woodlands, slopes, wetlands and floodplains, and to ensure that industrial development along Butler Avenue is consistent with the Borough's corridor planning and streetscape standards.
Zone name
Light Industrial District
General category
INDUSTRIAL
Zone area
107.90 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$560,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$870,000
WAREHOUSE, STORAGE Current
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
1974
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
6.11 ac
Current owner
From public records · entity-resolved
Bateman Bros Lumber INC
Entity
Mailing address
PO BOX 1039, DOYLESTOWN, PA 18901-0017
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2018
—
Bateman Bros Lumber INC
—
Deed
related
$750,000 · Branch Bk&tr
Aug 13, 2003
—
Beateman Bros Lumber INC
—
Deed Of Trust
related
$1,200,000 · Wachovia Bank NA
—
—
Bateman Bros Lumber Co INC
—
Deed Of Trust
related
$905,000 · First Union National Bank
—
—
Bateman Bros Lumber Co INC
—
Deed Of Trust
related
$950,000 · Corestates Bank
—
—
Bateman Bros Lumber Co INC
—
Deed Of Trust
related
$950,000 · First Union National Bank
—
—
Bateman Bros Lumber INC
—
Deed Of Trust
related
$1,250,000 · Wachovia Bank NA
—
—
Bateman Bros Lumber Co
—
Deed Of Trust
related
$75,000 · First Union National Bank
—
—
Bateman Bros Lumber INC
—
Deed Of Trust
related
$750,000 · Branch Bk&tr
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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