Mixed-Use Property with Retail
New
For Sale
$700,000
1093 DURHAM ROAD, Newtown, PA 18940
Three occupied residential units accompany a detached space adapted for retail use.
Property Size2,572 SF
Price / SF$272.16
Days on Market5
Property Features for 1093 DURHAM ROAD
General Information
Standard status
Active
Size
2,572 SF
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
require TLC and updating
Building Details
Year Built
1900
Buildings
2
Listing Agency:
Cambridge Select Realty
(215) 703-6600
Listed By:
Shawn Warner
(215) 514-7047
Source:
Cummingsrealtors
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 18 at 2:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cambridge Select Realty
Investment Insights
Based on property information with market context.
Located at 1093 Durham Road in Newtown, Pennsylvania, this mixed-use property combines a three-unit residential building with a detached barn converted for retail use. The residential layout includes a one-bedroom, one-bathroom unit; a three-bedroom, one-bathroom unit with a walk-up attic; and a studio-style unit with one bedroom, one-half bathroom, and a separate shower area.
All three residential units are occupied under month-to-month arrangements. The property is currently used as a nonconforming residential use, and the detached retail space provides a separate commercial component. Built in 1900, the property requires updating and TLC while retaining its existing character. Buyers should independently review zoning, permitted uses, physical condition, leases, and future use considerations.
All three residential units are occupied under month-to-month arrangements. The property is currently used as a nonconforming residential use, and the detached retail space provides a separate commercial component. Built in 1900, the property requires updating and TLC while retaining its existing character. Buyers should independently review zoning, permitted uses, physical condition, leases, and future use considerations.
Key Highlights
- Three‑unit residential building with one‑bedroom, three‑bedroom, and studio‑style layouts
- Detached barn converted into retail space
- All three residential units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,323
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$746,460
$746.5K
Cap Rate 7%
$533,186
$533.2K
Cap Rate 9%
$414,700
$414.7K
Market Conditions
NOI Build-Up for 2,572 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.5K $21.96/SF
− Vacancy
−$3.2K −$1.23/SF
EGI
$53.3K $20.73/SF
− OpEx
−$16.0K −$6.22/SF
NOI
$37.3K $14.51/SF
Area
Bucks County, PA
Vacancy
5.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$746,460
Cap Rate 7%
$533,186
Cap Rate 9%
$414,700
Alternative Uses
Best Use
Retail
$533.2K
$466.5K – $622.1K
NOI $37,323 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$454.9K
$398.1K – $530.8K
NOI $31,845 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$779.8K
$682.3K – $909.8K
NOI $54,586 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 18940, PA
30,280
Population
11,763
Households
2.6
Avg Household Size
47
Median Age
67%
College-Educated
97%
High-School Grad
34.6 sq mi
ZIP Area
875
Density / Sq Mi
$157,591
Median Household Income
$85,895
Median Earnings
$2,227
Median Rent
$623,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three occupied residential units accompany a detached space adapted for retail use.
Where is this mixed-use property located?
The property is located at 1093 DURHAM ROAD Newtown, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Three‑unit residential building with one‑bedroom, three‑bedroom, and studio‑style layouts; Detached barn converted into retail space; All three residential units are currently occupied
