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Property profile & analytics
OFF-MARKET
Estimated value
$5,360,000
Garden apartment buildings
Veterans Hwy Langhorne, PA 19047
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2104356
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Total area
43,528 SF
Lot
17.7 ac (771,012 SF)
Zoning code
AO
APN
22-059-034
UPID
US73-2104356
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
by Request
Blend (final)
Blend
$5.36M
Owner & transaction history
Rceg Owner LLC · 4 yrs held
Rceg Owner LLC
since 2022
7 recorded transactions
Zoning & alternative use
AO · Langhorne, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$123 / 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
$418,952
Tax year 2024
Assessed value
$1,924,400
Assessed 2024
Previous assessed
$1,924,400
+0.0% YoY
Effective rate
21.77%
On assessed value
Assessed land
$318,600
Assessed improvement
$1,605,800
Land market value
$4,364,365
Improvement market value
$21,997,164
Total market value
$26,361,529
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1973
Heating
CENTRAL
Cooling
YES
Buildings
4
Stories
2
Total area
43,528 SF
Lot
17.7 ac (771,012 SF)
Zoning code
AO
APN
22-059-034
UPID
US73-2104356
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
AO · Langhorne, PA
Zoning AO · permitted uses
AO · 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.
Building & site characteristics
From public records
Year built
1973
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
4
Lot
17.7 ac
Current owner
From public records · entity-resolved
Rceg Owner LLC
Entity
Mailing address
999 WATERSIDE DR STE #2300, NORFOLK, VA 23510-3324
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
—
Rceg Owner LLC
Racquet Club East Gardens LLC
Deed
$127,000,000 · Signature Bank
Nov 12, 2020
—
Racquet Club East Gardens LLC
—
Deed
related
$83,190,000 · Capital One Nat'l Assn
Aug 30, 2018
—
Racquet Club East Gardens LLC
—
Grant Deed
related
$69,767,971 · New York Cmnty Bk
Dec 6, 2017
—
Racquet Club East Gardens LLC
—
Grant Deed
related
$69,767,971 · New York Cmnty Bk
Jul 9, 1998
$9,999,900
Racquet Club East
Home Properties Racquet Club
Grant Deed
related
—
—
—
Properties Racquet Club E Home
—
Deed Of Trust
related
$22,896,000 · Prudential Multifamily Mtg INC
—
—
Racquet Club East Gardens LLC
—
Deed Of Trust
related
$83,190,000 · Capital One Nat'l Assn
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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