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Property profile & analytics
OFF-MARKET
Commercial land
970 2nd St Pike Richboro, PA 18954-1527
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-1347834
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1910
Total area
1,528 SF
Lot
0.99 ac (43,124 SF)
Zoning code
C2
APN
31-009-013
UPID
US73-1347834
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
-
Railcare Twenty Four Seven Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Department Of Transportation · 3 yrs held
Department Of Transportation
since 2022
5 recorded transactions
Zoning & alternative use
C2 · Richboro, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,305
Tax year 2024
Assessed value
$43,120
Assessed 2024
Previous assessed
$17,200
+150.7% YoY
Effective rate
19.26%
On assessed value
Assessed land
$43,120
Land market value
$590,682
Total market value
$590,682
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
1910
Heating
YES
Cooling
YES
Stories
1
Total area
1,528 SF
Lot
0.99 ac (43,124 SF)
Zoning code
C2
APN
31-009-013
UPID
US73-1347834
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Richboro, PA
Zoning C2 · permitted uses
C2 · 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.
Building & site characteristics
From public records
Year built
1910
Heating
YES
Cooling
Yes
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Department Of Transportation
Entity
Free & Clear · 3 yrs held
Mailing address
1118 GENERAL WASHINGTON MEM BLVD, WASHINGTON CROSSING, PA 18977-1330
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2022
—
Department Of Transportation
232 Investments LLC
Deed
—
Jul 6, 2022
$1,050,000
232 Investments LLC
Renate Dejames S & S Prop Partnerhi
Deed
—
Jul 6, 2022
—
Centric Bank
232 Investments LLC
Assignment Of Lease (leasehold Sale)
—
May 26, 2004
—
Chris L Miller
—
Trustees Deed
related
$200,000 · First Nat'l Bk & Tr Newtown
—
—
Chris L Miller
—
Deed Of Trust
related
$160,000 · First Nat'l Bank & Trust Newto
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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