Mixed-Use Property with
For Sale
$1,100,000
119 YORK Road, Warminster, PA 18974
Multi-Family, WARMINSTER, PA
Property Size3,764 SF
Lot Size0.54 Acres
Price / SF$292.24
Days on Market172
Property Features for 119 YORK Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Parking Lot
Elementary school district
CENTENNIAL
Middle school district
CENTENNIAL
High school district
CENTENNIAL
Standard status
Active
Size
3,764 SF
Lot size
0.54 Acres
Taxes and HOA fees
Tax Annual Amount
12017
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
walk-in refrigerator
three bathrooms (one with full shower)
storage shed with electric service
garage door opening at rear
Building Details
Year built
1947
Number of units
2
Building materials
Masonry, Stucco
Listing Agency:
Innovate Real Estate
(267) 367-6626
Listed By:
Amanda Moeser · License #RS336042
(215) 495-5913
Added: Mar 20
Changed: Aug 24
Last Checked: Sep 7 at 8:06PM
MLS# PABU2116374
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines 3,764 square feet of masonry and stucco improvements with commercial space on the ground level and a second-floor apartment. The commercial portion includes a walk-in refrigerator, three bathrooms, including one with a full shower, and a rear garage-door opening that could be restored after its conversion to a bar. A storage shed with electric service is also included.
The residential unit is leased through November 15, 2026. Additional parking areas are leased separately, while the lower level is occupied by Smart Decor. The property provides 32 parking spaces, direct road access, and frontage along both the front and rear sides for separate entry and exit options. Building systems include two oil heaters serving separate commercial and apartment areas, two mini-split units, three electric zones, and one water bill for the property.
Situated on a 0.54-acre parcel, the property was built in 1947 and includes potential subdivision opportunities subject to township verification.
The residential unit is leased through November 15, 2026. Additional parking areas are leased separately, while the lower level is occupied by Smart Decor. The property provides 32 parking spaces, direct road access, and frontage along both the front and rear sides for separate entry and exit options. Building systems include two oil heaters serving separate commercial and apartment areas, two mini-split units, three electric zones, and one water bill for the property.
Situated on a 0.54-acre parcel, the property was built in 1947 and includes potential subdivision opportunities subject to township verification.
Key Highlights
- 3,764 square feet of mixed‑use improvements on 0.54 acres
- Second‑floor apartment leased through November 15, 2026
- Ground‑level commercial area includes a walk‑in refrigerator and three bathrooms
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
$54,620
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
4.97%
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%
$1,092,400
$1.1M
Cap Rate 7%
$780,286
$780.3K
Cap Rate 9%
$606,889
$606.9K
Market Conditions
NOI Build-Up for 3,764 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
$82.7K $21.96/SF
− Vacancy
−$4.6K −$1.23/SF
EGI
$78.0K $20.73/SF
− OpEx
−$23.4K −$6.22/SF
NOI
$54.6K $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%
$1,092,400
Cap Rate 7%
$780,286
Cap Rate 9%
$606,889
Alternative Uses
Best Use
Retail
$780.3K
$682.8K – $910.3K
NOI $54,620 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$665.8K
$582.6K – $776.7K
NOI $46,604 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$1.14M
$998.6K – $1.33M
NOI $79,884 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
1
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
Explore this area
Business Placement
Demographics for 18974, PA
42,507
Population
17,970
Households
2.4
Avg Household Size
47
Median Age
39%
College-Educated
95%
High-School Grad
19.7 sq mi
ZIP Area
2,158
Density / Sq Mi
$99,724
Median Household Income
$57,726
Median Earnings
$1,634
Median Rent
$407,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-level commercial space is paired with a leased second-floor apartment and dedicated parking areas.
Where is this mixed-use property located?
The property is located at 119 YORK Road Warminster, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,764 square feet of mixed‑use improvements on 0.54 acres; Second‑floor apartment leased through November 15, 2026; Ground‑level commercial area includes a walk‑in refrigerator and three bathrooms
