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Property profile & analytics
OFF-MARKET
Estimated value
$2,670,000
Commercial land
922 2nd St Pike Richboro, PA 18954-1527
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-1675866
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1986
Total area
12,346 SF
Lot
0.71 ac (31,099 SF)
Zoning code
C-2
APN
31-018-014
UPID
US73-1675866
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
-
Dairy Queen Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.95M
Blend (final)
Blend
$2.67M
Owner & transaction history
Addisville Commons LP · 9 yrs held
Addisville Commons LP
since 2016
6 recorded transactions
Zoning & alternative use
C-2 · Richboro, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.0M
+35.6%
Apartment house (5+ units)
$3.4M
+14.2%
Medical building
$3.0M
+3.2%
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 Richboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richboro 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
COMMERCIAL (GENERAL)
$2,955,000
Current use
RESTAURANT
$4,005,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,375,000
Change: +14% · Conversion: Moderate
MEDICAL BUILDING
$3,045,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,870,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$2,445,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.67M
Range $2.40M – $2.94M · ±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
$216 / 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
Applied tax rate
31.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1986
Heating
YES
Cooling
YES
Stories
1
Total area
12,346 SF
Lot
0.71 ac (31,099 SF)
Zoning code
C-2
APN
31-018-014
UPID
US73-1675866
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Richboro, PA
Zoning C-2 · permitted uses
C-2 · Richboro, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
RESTAURANT
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RETAIL STORES
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1986
Heating
YES
Cooling
Yes
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Addisville Commons LP
Entity
Mailing address
735 BIRCH AVE, BENSALEM, PA 19020-7207
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2016
$5,295,000
Addisville Commons LP
Davis,glenn
Grant Deed
—
Mar 14, 2016
—
Addisville Commons LP
—
Deed Of Trust
related
$18,022,271 · S&t Bk
Oct 31, 2006
—
Glenn Davis
Davis,glenn & Martha
Quit Claim Deed
related
—
—
—
Glenn S Davis
—
Deed Of Trust
related
$1,080,000 · William Penn Bank Fsb
—
—
Glenn Davis
—
Deed Of Trust
related
$360,000 · William Penn Bank Fsb
—
—
Addisville Commons LP
—
Loan Modification
related
$22,147,271 · S&t 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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