Strip Mall Retail Units with
For Sale
$850,000
4153 4153-4157 Woerner Ave, Levittown, PA 19057
End unit and two additional retail suites offer rear access, multiple exits, and recent roof replacement.
Property Size5,000 SF
Price / SF$170
Days on Market21
Property Features for 4153 4153-4157 Woerner Ave
General Information
Standard status
Active
Size
5,000 SF
Building Details
Year Built
1975
Tenancy
Multi
Listing Agency:
RE/MAX 2000
(215) 698-2000
Listed By:
Julia Costello · License #RS229358
Source:
Kandorre
Added: Jul 20
Changed: Jul 21
Last Checked: Aug 9 at 9:53AM
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 RE/MAX 2000
Investment Insights
Based on property information with market context.
This strip mall offers multiple retail storefront units within a single commercial property, including an end unit and two additional suites with separate rear exits. Unit 4157 is identified as the end unit, formerly operated as a laundromat, and includes large display windows, front parking lot access, and two exits to the rear. Units 4153 and 4155 are both described as currently rented; Unit 4153 is newly renovated and includes a half bathroom and a rear exit, while Unit 4155 is in the process of being totally renovated with an open layout, new mini-split heating and air conditioning, new tile flooring and drywall, a full bathroom, a 200-amp electric panel, and a rear exit.
The property is noted as being across from a busy grocery store, providing visibility and foot traffic, and is located close to major roadways, transportation, and shopping.
The building also features a newer rubber roof installed in 2019.
The property is noted as being across from a busy grocery store, providing visibility and foot traffic, and is located close to major roadways, transportation, and shopping.
The building also features a newer rubber roof installed in 2019.
Key Highlights
- 1975‑built strip mall with three retail units: end unit 4157 plus units 4153 and 4155
- Unit 4157 is an end unit (formerly a laundromat), approx 2,500 SF, with 2 rear exits and large display windows plus front parking
- Unit 4153: approx 1,250 SF, half bathroom, rear exit; newly renovated and currently rented (operating as a thrift shop)
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
$72,556
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
8.54%
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%
$1,451,120
$1.5M
Cap Rate 7%
$1,036,514
$1.0M
Cap Rate 9%
$806,178
$806.2K
Market Conditions
NOI Build-Up for 5,000 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
$109.8K $21.96/SF
− Vacancy
−$6.1K −$1.23/SF
EGI
$103.7K $20.73/SF
− OpEx
−$31.1K −$6.22/SF
NOI
$72.6K $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%
$1,451,120
Cap Rate 7%
$1,036,514
Cap Rate 9%
$806,178
Alternative Uses
Best Use
Retail
$1.04M
$907.0K – $1.21M
NOI $72,556 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,116 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 51%
Dining 34%
Shops & Services 10%
Beauty & Spa 3%
ACME Markets
Groceries
32,512 visits/mo
0.1 miles
McDonald's
Dining
18,361 visits/mo
0.1 miles
Shell
Shops & Services
6,578 visits/mo
0.3 miles
Philly Pretzel Factory
Dining
3,222 visits/mo
0.3 miles
Great Clips
Beauty & Spa
1,613 visits/mo
0.3 miles
Demographics for 19057, PA
16,916
Population
6,452
Households
2.6
Avg Household Size
40
Median Age
26%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,845
Density / Sq Mi
$95,089
Median Household Income
$48,682
Median Earnings
$1,518
Median Rent
$299,900
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?
Strip mall - End unit and two additional retail suites offer rear access, multiple exits, and recent roof replacement.
Where is this strip mall located?
The property is located at 4153 4153-4157 Woerner Ave Levittown, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1975‑built strip mall with three retail units: end unit 4157 plus units 4153 and 4155; Unit 4157 is an end unit (formerly a laundromat), approx 2,500 SF, with 2 rear exits and large display windows plus front parking; Unit 4153: approx 1,250 SF, half bathroom, rear exit; newly renovated and currently rented (operating as a thrift shop)
