Building Details

Building Size 33,661 SF

Year Built 1975

Listing Agency: SVN | Ahia Commercial Real Estate c***@svn.com Show Phone

Listed By: Chichi E. Ahia, SIOR · License #PA #RM423727 Show Phone

Source: Svnahia

Added: Aug 19 Changed: Aug 20 Last Checked: Aug 22 at 5:05AM

Report an Issue

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 SVN | Ahia Commercial Real Estate

Investment Insights

Based on property information with market context.

This commercial land offering comprises three contiguous parcels totaling 5.52± acres, with existing commercial improvements and a prior garden center use. The property was built in 1975 and is zoned C-2 Heavy Commercial, a designation that allows a broad range of uses by right.

The site fronts Bustleton Pike in Feasterville, near Street Road and within reach of Route 1 and the PA Turnpike. The Bustleton Pike and Street Road intersection records 69,600 vehicles per day, while the property provides 106 feet of frontage and on-site parking for 170+ vehicles. The surrounding five-mile area includes 231,000 residents, providing substantial population context for future commercial use or redevelopment.

Key Highlights

• 5.52± acres across three contiguous parcels
• C‑2 Heavy Commercial zoning with a broad range of uses permitted by right
• 106’ of frontage on Bustleton Pike

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

$488,460

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

7.51%

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%

$9,769,200 $9.8M

Cap Rate 7%

$6,978,000 $7.0M

Cap Rate 9%

$5,427,333 $5.4M

Market Conditions

NOI Build-Up for 33,661 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

$739.2K $21.96/SF

− Vacancy

−$41.4K −$1.23/SF

EGI

$697.8K $20.73/SF

− OpEx

−$209.3K −$6.22/SF

NOI

$488.5K $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%

$9,769,200

Cap Rate 7%

$6,978,000

Cap Rate 9%

$5,427,333

Alternative Uses

Best Use

Retail

$6.98M

$6.11M – $8.14M (±1% cap)

NOI $488,460 @ 7.0% cap · market cap 7.51%

Second Best

Warehouse

$4.92M

$4.30M – $5.74M (±1% cap)

NOI $344,304 @ 7.0% cap · market cap 5.30%

Theoretical Best

Office A

$10.21M

$8.93M – $11.91M (±1% cap)

NOI $714,397 @ 7.0% cap · market cap 10.99%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Feeney's Garden Center

Suggested Use

Top Pick Hotel & Motel Daycare Center Plumbing Service Food Market Florist Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,349

Businesses Nearby

Explore this area Business Placement

Demographics for 19053, PA

28,179

Population

11,161

Households

2.5

Avg Household Size

43

Median Age

37%

College-Educated

94%

High-School Grad

10.5 sq mi

ZIP Area

2,684

Density / Sq Mi

$102,241

Median Household Income

$59,606

Median Earnings

$1,401

Median Rent

$382,300

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Commercial land - More than five acres across three contiguous parcels with Bustleton Pike frontage and existing commercial improvements.

Where is this commercial land located?

The property is located at 1134 Bustleton Pike Feasterville, PA.

What is the asking price?

The asking price for this property is $6,500,000.

What are key features of this property?

This property features: 5.52± acres across three contiguous parcels; C‑2 Heavy Commercial zoning with a broad range of uses permitted by right; 106’ of frontage on Bustleton Pike