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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Warehouses
97 Industrial Dr New Britain, PA 18901
Individually Owned
11-yr Hold
Free & Clear
Property ID
US73-1818887
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Total area
9,709 SF
Lot
1.07 ac (46,740 SF)
Zoning code
LI
APN
25-001-140
UPID
US73-1818887
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
$781k
Blend (final)
Blend
$750k
Owner & transaction history
Randa Ambrose JR. · 11 yrs held
Randa Ambrose JR.
since 2014
2 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
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,130,000
Current use
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$77 / 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
$9,887
Tax year 2024
Assessed value
$49,100
Assessed 2024
Previous assessed
$49,100
+0.0% YoY
Effective rate
20.14%
On assessed value
Assessed land
$10,720
Assessed improvement
$38,380
Land market value
$146,849
Improvement market value
$525,751
Total market value
$672,600
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Heating
CENTRAL
Cooling
NONE
Stories
1
Total area
9,709 SF
Lot
1.07 ac (46,740 SF)
Zoning code
LI
APN
25-001-140
UPID
US73-1818887
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
$1.1M
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
2002
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Randa Ambrose JR.
Individual
Free & Clear · 11 yrs held
Mailing address
88 S TAMENEND AVE, NEW BRITAIN, PA 18901-5266
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2014
—
Randa Ambrose JR.
Randa,ambrose JR
Quit Claim Deed
related
—
Dec 23, 1999
$175,000
Ambrose Randa
Bodden,carl R
Grant Deed
—
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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