Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    L 003 Newportville Rd Levittown, PA 19056

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $44,900

    Vacant land fronting State Road 2027 on Neshaminy Creek.

    Type:Land or Vacant Lot
    Lot size:
    0.40 Acres
    Added:
    May 1, 2023
    Days on Market:
    1095
    Last Refresh:
    Apr 6 at 3:22 am

    Property Features for L 003 Newportville Rd

    General Information

    Standard status
    Active
    Lot size
    0.40 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    JONATHAN GEFTMAN

    Listing agent JONATHAN GEFTMAN License #RM419072

    Listing office AMERICAN DREAM REALTY SERVICE CORP.

    Listing date May 1, 2023

    Source Corcoran

    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 AMERICAN DREAM REALTY SERVICE CORP.

    Overview

    Vacant Land on Neshaminy Creek

    This vacant land fronts State Road 2027 and is situated on the Neshaminy Creek. The property includes a rock island. Seller financing is available.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Levittown
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.9017
    Latitude
    40.1199

    Nearby Similar for Sale

    • $4,500

      Remodeled Commercial Building in Levittown

      Remodeled commercial building in high-traffic area, ideal for medical practices.
      1005 GREEN LANE, LEVITTOWN, PA 19057
      View Details
    • $1,200,000

      Remodeled Commercial Building in Levittown

      Turnkey commercial building in high-traffic area, suitable for medical or professional.
      1005 GREEN LANE, LEVITTOWN, PA 19057
      View Details
    • $24
      3,123 SF

      Freestanding Office Space in Levittown

      Upgraded office space in a highly visible, accessible location.
      2750 Trenton Rd, Levittown, PA 19056
      View Details
    • $175,000
      1,000 SF

      Professional Office Condo in Levittown

      Turn-key office condo for sale or lease in Levittown, PA.
      1609 Woodbourne Road, Ste 101A, Levittown, PA 19057
      View Details
    • $12
      4,276 SF

      Medical Office Condominium For Sale

      Turn-key medical office in Woodbourne Professional Center.
      1609 Woodbourne Road, Levittown, PA 19057
      View Details
    • $1,399,000
      3,300 SF

      Levittown Commercial Property For Sale

      Fully leased restaurant property in high-traffic Levittown corridor.
      8630 New Falls Rd, LEVITTOWN, PA 19054
      View Details
    • $3,000,000

      LEVITTOWN, PA Commercial Property

      Commercial property for sale in LEVITTOWN, PA. 11 acres.
      4014 NEWPORTVILLE ROAD, LEVITTOWN, PA 19056
      View Details
    • $4,840,000
      15,157 SF

      Levittown Retail Building with Drive-Thru

      Single-tenant, net-leased Rite Aid investment property for sale.
      6912 New Falls Rd, Levittown, PA 19057
      View Details
    • $1,350,000

      Turnkey Commercial Property For Sale

      Gated commercial property with shop, offices, and storage on 0.41 acres.
      7011 Beaver Dam Rd, LEVITTOWN, PA 19057
      View Details
    • $1,800,000
      8,500 SF

      Restaurant, Bar and Retail Opportunity

      Restaurant, bar, and retail property with income potential.
      5301 BRISTOL EMILIE ROAD, LEVITTOWN, PA 19057
      View Details
    • $1,984,000

      Prime Commercial Lot on Route 13

      Three-unit commercial lot on 0.59 acres with high visibility.
      7002-7004 BRISTOL Pike, LEVITTOWN, PA 19057
      View Details
    • Contact for pricing
      3,500 SF

      Retail Building on US Route

      3,500 SF retail building on 0.49 AC for sale.
      7201 Bristol Pike, Levittown, PA 19057
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land fronting State Road 2027 on Neshaminy Creek.
    Where is this land located?
    The property is located at L 003 Newportville Rd Levittown, PA.
    What is the asking price?
    The asking price for this property is $44,900.
    What are key features of this property?
    This property features: Vacant land fronting State Road 2027; Located right on the Neshaminy Creek; Includes a rock island
    (215) 945-1000
    We can help!
    Listing Contact
    JONATHAN GEFTMAN
    Real Estate License ID: RM419072
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!